WASHINGTON, DC—Brightwood has been a sleepersubmarket in the District, finally catching the attention ofinvestors when Walmart opened its new store at the corner of GeorgeAve., NW and Missouri Ave., NW, at the end of last year.

The Georgia Avenue Walmart, developed by Fougler-PrattCos., is no ordinary big box: it features rain garden,green roof, a Capital Bikeshare station and electric car plug-in.Open six months, this Walmart "is creating retail traffic whichwill eventually snowball into a more diverse mix of retail in thiscorridor, and the future retail will drive rent growth in thissubmarket," says Marcus & Millichap's MartyZupancic.

Then there is the transformation of the old Walter ReedArmy Medical Center, about half a mile away. The cityrecently gave the go-ahead to the Hines-UrbanAtlantic proposed plan's "The Parks at Walter Reed" tobuild 90 townhouses and duplexes, 502 condos and 1,287 rentalapartments and a full-service senior center with 182 homes.

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Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.