What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
Safeway Spurs Petworth Residential Project
✉️ Want to forward this article? Click here.
Just a few days after reports that its apartment section sold, CityVista is in the news again. Tangentially, that is.
The Washington Post reported this morning that Reston-based Duball LLC and Safeway are in the final negotiating stages of a deal that would bring a 210-unit residential project to 3830 Georgia Avenue NW (map). The residential complex would sit on top of a new 50,000 square-foot Safeway store.
Marc Dubick, a principal at Duball, formerly worked with Lowe Enterprises, which developed the very successful CityVista project in Mount Vernon Triangle. CityVista has a Safeway on its ground floor, so Dubick knows the draw that a grocery store brings to a new development.
From The Post:
Dubick, who left Lowe on June 30, said the success of CityVista, built on a vacant property that once housed a wax museum, shows that a grocery store has the ability to help create a neighborhood around it and that he was eager to find another deal like it.
If the project goes forward, the city could be waiting awhile for the final product. The Post reports that CityVista took eight years to be completed from when Lowe Enterprises and Safeway started talking about the project.
See other articles related to: dclofts, grocery stores, petworth, safeway
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/safeway_spurs_petworth_residential_project/2406.
Most Popular... This Week • Last 30 Days • Ever
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 »
A plan to add another new residential building to the Friendship Heights pipeline is ... 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 »
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- 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