331 N Street NE

Washington D.C.

Project summary

Partner: Juster Properties & Foulger-Pratt

Washington D.C.

Total SF: 34,000


Juster Properties & Foulger-Pratt


  • Multi-Family
  • 34,000 SF (original building)
  • 355 apartments & Ground floor retail


July 2015 – Current


  • Net leased 34,000 SF industrial building leased to Grainger through 2017
  • Located in the burgeoning Union Market / NOMA district
  • Shares the blockfront with 301 N. St., a planned mixed-use development with hotel, retail and office space
  • Potential tear-down development site with an in place-lease that could limit the initial cost outlay during the planning phase

Value Add / 

  • Oversaw the pre-development and entitlement process for the original building
  • Spearheaded market outreach to find development partner
  • In 2015 the ownership sold a 50%  interest to Foulger-Pratt, the owner of the adjacent 301 N Street Site and a highly regarded Washington D.C. based multi-family developer
  • The project will be co-managed by all parties, including entitlement, design, development and construction management of a 350,000 SF residential project
  • Construction will begin in 2019