In Los Angeles, celebrity- and tycoon-packed areas include Beverly Hills, Hollywood Hills and Malibu’s Broad Beach. But across the country, it’s Washington, D.C.’s Kalorama neighborhood that boasts both star and political power.
Over the past year, new residents such as the Obamas, Jeff Bezos and Ivanka Trump have drawn the nation’s eye to the enclave. Now it appears at least one party is looking to cash in while interest is high.
An unused plot of land owned by the French government has come on the market in the neighborhood for $5.6 million.
The property sits next door to the French ambassador’s estate and consists of three parcels totaling more...