As first reported by Washington City Paper's "Housing Complex", the pending purchase of the vacant building at 14th & T Streets, NW, by national furniture store Room & Board has ended.  As reported by Ruth Samuelson:

By that point, Room & Board had offered, as a starting bid, $9.25 million to purchase the property. Then in December came devastating news from their bank, Milwaukee-based Associated Bank.

“We were all set to purchase the building before the end of the year in December,” says company CFO Mark Miller. “And we spent three months doing our due diligence, and really about a week before we were done, we got a letter and a phone call saying they had changed their minds about the terms of the loan we were going to get.”