Cambridge Place

Cambridge Place was a $250 Million mixed-use redevelopment of Pepco former HQ site.  Our CJ&R partner’s role was as a real estate brokerage and development consultant. The partner found a buyer to acquire the property in US Bankruptcy Court and identified development partner that would co-develop site. The property was incorporated into the Sectional Map Amendment process achieving increased density by rezoning site into the M-X-T transit oriented Westphalia City Center.  The site was acquired for $10.8 Million. The value after rezoning the property was valued at $40 Million.