Mixed-Use Project Proposed for Vacant Lot in Bethesda
Posted: May 1, 2012 Filed under: Development, Sustainability, Washington, DC | Tags: 8300 wisconsin avenue, bethesda, leed, montgomery county, stonebridgecarras, trillium lot, walton street capital Leave a comment »
he Montgomery County Planning Board will review a proposal Thursday for the vacant lot at 8300 Wisconsin Avenue in Bethesda. StonebridgeCarras and Walton Street Capital, who both purchased the property one year ago, are looking to build a 360-unit luxury apartment complex as well as a grocery store.
This is the second proposal for the site, the first of which would have included a 2,000 sq ft arts incubator which many in the community were sad to see not included in the new design. But the Planning Board staff have recommended approval of the new project, on the conditions that the new design achieve LEED certification, onsite recreational facilities, and at least 12.5 percent of its dwelling units to be moderately priced.
Read more at The Gazette here.
Canton Crossing Loses Della Rose’s Tavern
Posted: May 1, 2012 Filed under: Uncategorized, Development, Dining, Retail, Business1 | Tags: canton crossing, harris teeter, target, boston street, della rose's tavern, first mariner Leave a comment »
fter 5 years of trying to survive, Della Rose’s Tavern closed its doors this past weekend at its Canton Crossing location. The area has remained undeveloped since the recession and financial troubles of First Mariner stopped any progress, and foot traffic hasn’t been enough to keep the tavern alive. They are the second tenant to leave the tower building.
If the retail development ever comes to fruition, it would mean much different activity of course. Public renderings in August showed a 140,000 sq ft anchor tenant with other shops and restaurants on a 31-acre site, and investors are pushing for Harris Teeter or Target to join. The site sits by the Merritt Athletic Club on Boston Street.
Reform for Balt. Co. Liquor Licenses Draws (Mostly) Positive Reactions
Posted: May 1, 2012 Filed under: Baltimore, Business1, Dining | Tags: baltimore, bar, county, kevin kamenetz, liquor license, reform, restaurant Leave a comment »
or many businesses, obtaining a liquor license can make or break your restaurant or bar concept, and it can often be a tedious and costly endeavor. Now a measure passed in Annapolis may help to change that, and it’s set to take effect in a few months. The bill was sought by County Executive Kevin Kamenetz, who aims to reform what he sees as an “archaic” system, while helping to spur economic development in the area.
Under the bill, through various means, more liquor licenses would gradually become available to business owners seeking them. It’s garnered a mostly positive reaction from local businesses, though those that already possess licenses worry the bill may devalue their investment.
Read more at The Baltimore Sun here.
Station North Becoming Baltimore’s “Brooklyn”
Posted: April 30, 2012 Filed under: Baltimore, Culture | Tags: arts district, baltimore, brooklyn, entertainment, fishbowl, gaia, mica, open walls, station north Leave a comment »
e’ve done a lot of posting about Station North lately. But we’re not the only ones to recognize the buzz. Baltimore Fishbowl recently posted on the district, comparing it to New York’s Brooklyn. They site a USA Today story where Baltimore came out on top among cities attracting young, educated adults over 25, and where “its vibrant arts and music scene is the most cited reason.”
Included in their post was this cool video on Open Walls Baltimore: http://www.voanews.com/templates/widgetDisplay.html?id=149226675&player=article
Read more about Station North’s offerings at Baltimore Fishbowl here.
Cafritz Property’s Mixed-Use Proposal for Riverdale Park In Development Limbo
Posted: April 30, 2012 Filed under: Washington, DC, Development, Retail, Business1 | Tags: cafritz family, whole foods, prince george's, evidentiary hearing, cafritz property, riverdale park Leave a comment »
n what members of the Prince George’s County business community are calling another example of the difficulties developers face, the District Council is reconvening today for a proceeding over a proposal for a mixed-use development in Riverdale Park that includes a Whole Foods. Seventeen people have signed up to testify at the proceeding, known as an evidentiary hearing. The last hearing of its kind occurred back in 1996 over approval for the Washington Redskins stadium.
The development, proposed by the Cafritz family, is part of a bigger push from county officials to bring high-end retail to the county. But residents and officials have been amazed at how unproductive recent meetings have been.
Read more at The Washington Post here.
For more info on the Cafritz Property at Riverdale Park, click here.
Angelos Lawsuit Against Superblock Redevelopment Thrown Out
Posted: April 30, 2012 Filed under: Development, Retail, Baltimore | Tags: baltimore, court of appeals, lawsuit, peter angelos, superblock Leave a comment »
lawsuit by Baltimore attorney Peter Angelos against the city’s $150M redevelopment of the “Superblock” has been cited as one of many to stall progress on the project. While Angelos and preservationists tried to argue the city had a duty to preserve portions of the site, the Court of Appeals has thrown the suit out, ruling that Angelos doesn’t have the standing to challenge redevelopment of the city-owned land.
Read more at the Baltimore Business Journal here.
Top Stories – Friday, April 27, 2012
Posted: April 27, 2012 Filed under: Uncategorized Leave a comment »National
CoStar CEO Andrew Florance Reaps 41% Raise in 2011 - CityBiz Real Estate
CoStar/LoopNet Deal Would Prop Up Competition - Washington Business Journal
Baltimore / MD
Senator Theatre to Close for Renovations - Baltimore Business Journal
GAP to Open Women’s Sports Apparel Store in Dulaney Plaza - Baltimore Business Journal
Construction Begins on Red Branch Theatre in Columbia, MD - CityBiz Real Estate
Stuggy’s Spawns Third Bar, Formalizes Small Fiefdom with RP Restaurant Group - Midnight Sun
Washington, DC
5th and Eye Development Update - DC Metrocentric
Federal Realty to Start on Phase One of $250M Mid-Pike Plaza - GlobeSt
Wilson Blvd Construction Winds Down, Next Phase in the Works - ARL Now
Station North A Good Fit for MICA?
Posted: April 26, 2012 Filed under: Uncategorized | Tags: 1539 calvert street, arts district, baltimore design school, mica, penn station, station north Leave a comment »
ack in March we reported on “Open Walls Baltimore” getting underway in the city’s Station North Arts & Entertainment District. The event brought artists from all over to paint large murals on buildings throughout the area. Not long after, we mentioned another other good news for the cultural district: news that the Baltimore Design School would be moving into the old Lebow Brothers Building after a $25M restoration.
And recently, The Baltimore Sun posted pictures of some notable MICA alumni along with their work, including recent alum Gaia, a street artist who led a significant role in Open Walls Baltimore.
And with our brokerage looking to lease great studio space at 1539 N Calvert Street, not far from the new Baltimore Design School, we think it might make a great use for MICA, who’s also not far. Located at the corner of Calvert & Federal Streets, it sits just 1 block from Penn Station, with great views of the city. It was originally used as the McShane Bell Foundry, and coincidentally was also recently painted for Open Walls Baltimore.
Top Stories – Thursday, April 26, 2012
Posted: April 26, 2012 Filed under: Uncategorized Leave a comment »Baltimore / MD
New Federal Hill Mixed-Use Project Reaches Full Occupancy - Baltimore Business Journal
KLNB Retail Marketing Baltimore’s Superblock Site - Baltimore Business Journal
Taphouse Aims To Make A Village - Delmarvanow.com
Redevelopment of Former Chesapeake Restaurant Moving Forward - CityBiz Real Estate
Washington, DC
Some Residents Oppose Costco Gas Station - NBC Washington
Burlington Signs 47,000 SF Lease in Falls Church, VA - CityBiz Real Estate
Under Construction: 14W - DC Metrocentric
Carr Properties to Break Ground on $80M Building - Washington Business Journal
Edens Purchases Cap City Diner for Union Market - Washington Post
Top Stories – Wednesday, April 25, 2012
Posted: April 25, 2012 Filed under: Uncategorized Leave a comment »National
What’s in the LoopNet/CoStar FTC Consent Agreement? - CRE Outsider
Baltimore / MD
Inner Harbor’s Gallery Loses Saladworks, Gains Two Food Vendors - Baltimore Business Journal
Rick Dempsey’s Brewpub, Restaurant Officially Opening at Camden Yards - Baltimore Business Journal
Best Buy, Sears Cutting 150 Jobs in Maryland - Baltimore Business Journal
Cordish Plan Recommended for Waterside - WAVY.com
Seebold Talks About Future Changes to Cross Street Market - CityBiz Real Estate
Washington, DC
Plan Pitched for Largo Casino - NBC Washington
1,000th T.J. Maxx Store To Open Wednesday in Washington, D.C. - CityBiz Real Estate
H&M To Open 18,000 SF Store in Silver Spring - CityBiz Real Estate
St. Elizabeths Master Plan Drops With Pretty New Pictures - City Paper
Mystery Solved: Cap City Diner Lands At New Union Market - City Paper
Tropical Smoothie Cafe Coming to Virginia Square - ARL Now
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