A Kmart and a Giant Food store would anchor the $60-millioncomplex at what is now the city-owned Brentwood Impound Lot onBrentwood Road NE. Home Depot is also reportedly negotiating to bethe third tenant in the center.
The District will sell the 23-acre property for $3 million toGraimark-Walker Urban Land Developments, which will spend another$7 million to prepare it for development. Construction on the275,000-sf project would start in April 2001, with completionexpected by 2002. The two signed anchors would occupy 150,000sf.
City officials said the project, which would bring 450 jobs,would help economic development in the entire northeast quadrant ofthe city.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
