Yesterday, DCmud reported that Encore Development is ready to build six townhouses on the Wormley School property. When finished, the townhouses will cost at least $3.95 million. Encore expects to finish construction within a year.
Although Encore began to sell condominiums in the Wormley School in 2007, sluggish sales led to a five-year wait between purchase and construction. Only after it sold the last condo on “Wormley Row,” could Encore being to build the townhouses.
As construction begins, we wonder what might have been if Georgetown never sold the Wormley School. (Imagine how it would’ve impacted the 2010 Campus Plan!)
In 1998, the University purchased the property from the D.C. Public School System for $1.5 million. After residents blocked plans to move Georgetown’s Public Policy Institute into the Wormley School, however, the University let the property lie vacant. In 2005, the University sold it to Encore Development for $8.3 million.