Douglas Development Corporation nabbed real estate on the northeast corner of 7th and H Streets near one of the city’s busiest pedestrian intersections and where Douglas redeveloped the historic block of 7th Street between G and H Streets in Chinatown. The company partnered with McCaffery Interests, Inc., a fully integrated Chicago-based real estate firm, to purchase 675 H Street, formerly occupied by CVS near the Chinatown Arch. According to Downtown BID, there will be national and international retail stores coming in at the 45,000 square feet site. The property, boarded up for years, will be redeveloped into mixed-use development. It abuts three neighboring lots, 627-631 H Street, purchased recently by Monument Realty. Those properties were once home to the popular China Doll Gourmet restaurant and will be developed into an 80,000 square feet office building.
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