The owners of the series of lots along Potomac Avenue between Eighth and Ninth
have announced a Sealed Bid Sale for the properties, with a due date of March 15, 2009. The
offering, which includes the building at
Eighth and Potomac where the Quizno's is located, the
boarded-up brown apartment building at Ninth and Potomac, and all the land in between (totaling .81 acre), is being handled by an affiliate of Lincoln Property Company. The current owners are the ICP Group, which purchased all these properties
in early 2006 for $9 million, and had
put them on the market earlier this year, apparently without success. ICP are also the folks who tried to get the Admiral Condo project off the ground at Eighth and Virginia, but are now disentangling themselves from that project (now an office development) as well.
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