I mentioned this before, but a few more details: Capitol Hill broker Topher Cushman tells me Faith Bible Church at 1350 Maryland Avenue NE is under contract with Valor Development for “about $2 million,” which is about 30 percent off the asking price. Valor, the group behind several other mid-size D.C. projects including the former Italian Embassy, plans a 49-unit condo building with no retail called “The Maia,” starting in Spring 2012.
Valor Picks Up Faith Bible Church
