JBG: JBG lands a new partner for Eckington Yards as work gets underway

Eckington Yards is finally underway, with a new partner in tow. JBG Investment Fund IX LLC, a legacy fund not rolled into the Vornado-JBG spinoff that created JBG Smith Properties, has struck a 50-50 partnership with Berwyn, Pennsylvania-based LCOR Inc. to develop the mixed-use project. It will feature 681 units across four buildings, 70,000 square feet of retail, including Brooklyn Boulders and Union Kitchen, and a woonerf - a street shared by pedestrians, vehicles and cyclists. The project,...