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Exclusive: 40 to 50 Condos, Retail Planned For Frager's Hardware Site
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Frager’s Hardware before the fire
Plans for the redevelopment of Frager’s Hardware on Capitol Hill will include the hardware store returning to its original location, along with 40 to 50 condominium units and two other retail spaces, UrbanTurf has learned.
Perseus Realty and development partner Javelin19 closed the sale of 1101-1117 Pennsylvania Avenue SE (map) on Tuesday. Perseus Realty is the developer behind the Adamo, a recently-completed, sold-out 34-unit condo development in Adams Morgan.
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Adam Peters, Perseus Realty’s head of development, tells UrbanTurf that the new project, called 1101 Penn, will be a condominium building with a focus on larger units in the two-bedroom and two-bedroom, plus den range. The development, designed by Hickok Cole, will also include parking. In addition to Frager’s, which signed a 25-year lease, there will be two retail spaces that the development team envisions will be filled by a neighborhood restaurant and coffee shop.
“It is very early to decide upon retailers, but we are sensitive to community needs and what would best compliment the other retail in the area,” Peters said. “We hope to find retailers that want to be in the community for the long term.”
A DC institution, Frager’s Hardware was devastated by a fire that ravaged the store in 2013. The store owners previously agreed to sell the site to Roadside Development in 2014, but that deal fell apart earlier this year.
Peters said that the site will need zoning relief, which is pretty standard for an infill project in DC, as well as approval from the Historic Preservation Review Board.
“The type of relief is not fully determined yet as we are just starting design,” he told UrbanTurf. “Thus working with the ANC and interested parties in the community is important.”
See other articles related to: capitol hill, capitol hill condos, fragers hardware, fragers hardware redevelopment, hickok cole, javelin19, perseus realty
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/exclusive_50_condos_retail_planned_for_fragers_hardware_site/10495.
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