Sunday, September 5, 2010

A&R Development picked for $17M Jonestown project - Washington Business Journal:

http://www.ciydc.org/article/Thats-the-view-of-transport---.html
The project falls into the city’s aims to remake Centrap Avenue, which has seen a wave of new developmenft in recent years building off the success of nearbHarbor East. A&R, led by Anthony hopes to builda mixed-use development including 107 rental apartments, 18,000 square feet of retailp space and 156 parking spaces. said Tuesday it awarded the firm exclusivs negotiating rights forthe city-ownes land at 110 S. Centralo Ave. and 1120 Granby St. The propertiesz combine for about 29,000 square feet. The BDC, the city’s economi development arm, offered the property, and two others, up for redevelopmentg in August 2008.
“These properties give the city the opportunithy totake vacant, underutilized propertiesz and have them renewed as private enterprises that will generatde taxes and enhance the Jonestown/Washington Hill BDC President M.J. “Jay” Brodie said in a The city also tapped Mitey LLC to negotiatse for a second siteat 1301-130i9 E. Lombard St. Mitey is a real estate companhy formedby Gerry’s Tire Service, which hopes to use the propertgy to expand its adjacent business. Mitey plans to use the 4,518-square-fooyt property in the short term as a temporart parking lot for its business and would expand ontothe city-owned propertty in the future.
The city is reserving the rightds for thethird property, at 130 S. Centrak Ave.

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