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IN Capitol Hill or ON Capitol Hill? The high-stakes debate of our era.

IN Capitol Hill or ON Capitol Hill? The high-stakes debate of our era.
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Hodges Ward Elliott Arranges Sale of Capitol Hill Hotel in Washington D.C. and Holiday Inn Express & Suites Boston-Cambridge

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WASHINGTON and BOSTON, March 11, 2021 /PRNewswire/
Hodges Ward Elliott ( HWE ), the premier boutique real estate capital markets advisor, announced the sale of a hospitality portfolio consisting of the Capitol Hill Hotel, a 153-room independent hotel located at 200 C Street SE, immediately adjacent to Capitol Hill, and the Holiday Inn Express & Suites Boston, a 112-room hotel located at 250 Monsignor O Brien Highway, in Cambridge, MA.
An HWE team led by Cyrus Vazifdar, Managing Director, in addition to Jay Morrow, Managing Director, Michael Tormey, Senior Vice President and Alex Yiankes, Analyst, represented the seller, Hersha Hospitality Trust, in the transaction. Additionally, HWE s capital markets team sourced the acquisition financing for the buyer. ....

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Office of Planning Introduces First Phase of Amendments to Increase Inclusionary Zoning | Goulston & Storrs PC

MU-27 (Naval Observatory).
Second, the amendments seek to increase the height that dictates the set-aside amount from 50 feet to 85 feet. Currently, a building greater than 50 feet in height is subject to the lower IZ set-aside requirements (8% of the residential floor area or 50% of the bonus density utilized) to account for the increased construction costs of concrete and steel. Based on building code changes and technological improvements that allow for taller stick-built construction, OP aims to raise the threshold to 85 feet. This change would make buildings under 85 feet in height subject to the higher IZ set-aside requirements (10% of the residential floor area or 75% of the bonus density utilized). ....

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