What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
Once a Likely Wal-Mart, New York Avenue Site Up for Sale
✉️ Want to forward this article? Click here.
The site. Courtesy Transwestern via The Washington Post
They had a deal with Wal-Mart. This fall, it expired. Now the property’s up for sale.
Owned by local taxi magnates, the 15 acres of land at 1801 New York Avenue NE (map) have been in the sights of a number of developers over the years. But none have been able to execute a project. Most recently, a developer struck a deal that would have included a Wal-Mart on the site, but that deal fell through in September and the Post reported today that the plot is now up for sale.
For some DC residents, that’s good news. Wal-Mart is an unwelcome newcomer to many after a spat over living wages, which ended when Mayor Vincent Gray vetoed a Wal-Mart-targeted City Council proposal to raise the city’s minimum wage to $12.50 an hour at big-box retailers. Wal-Mart warned that it might not open its doors in the city if the proposal became law.
It didn’t, and they did; the retailer has opened two stores in the District, including one topped by apartments, and a third store is in the works.
Wal-Mart told the Post that it would still like to open a store at any development planned for the New York Avenue site, but with the property for sale, the plans are up in the air.
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/once_a_likely_wal-mart_this_sites_now_up_for_sale/7996.
Most Popular... This Week • Last 30 Days • Ever
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro