The only development left for this part of the project is to add a new 12-story sewer interceptor to the tunnel, with completion set for 2025, at which point the plans for a new mixed-use community can go forward at the Robinson Terminal long abandoned warehouse, where the infrastructure connecting the tunnel to the river has been taking place.There is no doubt that the Potomac River turning swimmable and fishable, along with the already spectacular views, that properties and activities along the waterfront will become much more attractive to locals and tourists.

When I worked with a friend in a similar situation, they ended up splitting the difference by moving forward with the 1031 for just one property instead of two.

I would appreciate tips from anyone who has experience making this model work in these areas or similar markets.Looking forward to your advice and recommendations!

At the same time, I want to complete the project quickly to sell the property and move forward.

I’m looking forward to learn from everyone in this forum..

Fast forward, and he’s fielding offers well above what he paid.. and all he did was sit on the dirt while Tesla expanded.

You learn as you move forward.

Once the building is sold it generates a Section 1231 Gain and that can be offset by release of the passive losses from the syndicate that have been carried forward.

You seem determined to move forward anyway. 

Look forward to connecting!