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Washington Plans First New Big Retail Center in Decades

WASHINGTON, DC-Graimark-Walker Urban Land Developments will buy a 23-acre parcel from the city for $3 million and build a 275,000-sf retail complex anchored by Kmart and Giant.

By Mike Cleary | Updated on October 05, 2000

WASHINGTON, DC-The District of Columbia has struck a deal for the city’s first new major retail center in decades in a working-class neighborhood.

A Kmart and a Giant Food store would anchor the $60-million complex at what is now the city-owned Brentwood Impound Lot on Brentwood Road NE. Home Depot is also reportedly negotiating to be the third tenant in the center.

The District will sell the 23-acre property for $3 million to Graimark-Walker Urban Land Developments, which will spend another $7 million to prepare it for development. Construction on the 275,000-sf project would start in April 2001, with completion expected by 2002. The two signed anchors would occupy 150,000 sf.

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