(Washington Informer) — After a long, hard-fought battle, the residents of a Northwest apartment building prevailed and purchased their home along the bustling U Street corridor, in a last-ditch effort to prevent tenant dislocation and keep the rich history of the storied area alive.
Senior citizens who live in the Campbell Heights Apartments purchased their 171-unit building, Wed., June 30 despite uncertainty from a handful of detractors who thought a profit was being made at their expense. For the past two and a half years, residents, with the help of District-based developer Jair Lynch, exercised their right, under the Tenant Opportunity to Purchase Act, to buy the $26 million dollar building, after being notified that it was for sale by the current owner, AIMCO Cos., in March 2008.
“Everyone has stayed here from Fidel Castro, to Dr. Martin Luther King Jr.— Nat King Cole— Arthur Prysock— anyone you can think of,” said Sandra Truesdale ,70, the president of the Campbell Heights Residents’ Association and primary coordinator of the purchase.
