The deadlocked Congress and the sequestration notwithstanding, there are at least some commercial real estate signs of life in the nation’s capital. Two major redevelopment projects are on the drawing board, aiming to repurpose two massive complexes into nearly eight million square feet of office space, multifamily residence and retail. As yet a further dimension of the massive changes working their way across the health care space, both projects are repurposing of former massive hospital complexes, Walter Reed Army Medical Center and St. Elizabeth’s Hospital.
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