Say goodbye to the empty lot next to the Wormley School

We’ve all seen the empty property on the 3300 block of Prospect Street. Well, it’s about to get filled.

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.

4 Comments on “Say goodbye to the empty lot next to the Wormley School

  1. All I’ll say is that if something the University was working on sat in that state of disrepair for that long, we probably would have been sued by some self-absorbed snob who can’t stand to see a student walk outside of Healy Gates.

  2. At least this was a GOOD investment for Georgetown (so to speak, we at least made $6.8 million, even if we didn’t intend on selling it). Not sure we see that too often…

  3. the university actually lost money. typical

  4. This is yet another poor decision by the University in selling real estate and land it owns. Back in the 1980s, apparently during a similar cash crunch to what Georgetown found itself in the 2000s, it sold the land next to Georgetown Visitation where the Cloisters Development now stands. Imagine how that plot of land could have been transformed into additional dorms, a natural extension of the confines of the Georgetown University/Visitation plot. Think about it this way–there are no houses otherwise where the Cloisters stands and it would have been the most optimal place to put another dorm and/or campus buildings. Oh well, hindsight is 20/20 and a bad investment can always be avoided. Oh well, maybe wishful thinking.

    Why didn’t the University just outright buy the Car Barn and use it to grow into? That would solve the shortage of classroom space and enable it to expand into the more lucrative graduate programs. The $8.3M on the Wormley Row sale, but that’s probably long gone in the down days of the 2008 recession.

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