Washington DC CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Washington DC  | 

Children’s National to Suspend Certain Real Estate Projects

Children’s National Health System is reportedly losing around $1 million per day as the ongoing COVID-19 pandemic is lessening the number of overall patients visiting hospitals.

The hospital has announced plans to suspend or delay about three dozen capital projects because of the financial hit it has taken from COVID-19. Charles Weinstein, Children’s National Chief Real Estate and Facilities Officer, told media outlets that he is preparing for his capital budget to be significantly reduced next year and possibly the following year as well.

Several weeks ago, the hospital decided to continue construction on its largest project, the Research and Innovation Campus on a 12-acre portion of the former Walter Reed Army Medical Center in D.C. But, the hospital has taken a number of precautions with construction, including a reduction of the number of construction workers on-site, and checking temperatures of workers regularly.

Subscribe to Connect Daily National

For comments, questions or concerns, please contact David Cohen


Inside The Story

Connect With Children’s Weinstein

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.