Over the past couple of years the challenges of revamping Union Station into a multimodal transit hub had been all over the regional news. But with a new devout train rider as president, and federal push for more efficient transportation and infrastructure, could Union Station finally be getting the national push to move the project to the finish line.
Chip Akridge has built 20M SF of office in the D.C. area over the last four decades, and he has always started construction on a speculative basis, confident that the building will lease up once the project is under construction.
That confidence is now waning, as record-high vacancy in the District makes the founder and chairman of development firm Akridge more hesitant to start new office projects. Bisnow/Jon Banister Akridge founder Chip Akridge The office market in the D.C. area has really dropped off, so we re not excited about building commercial space in the D.C. area anytime soon, Akridge said last week on a