Photo by Mike Maguire.
Good morning Georgetown, here’s the latest:
The Washington Business Journal is reporting that the old Neam’s Market building is for sale. Again. The building was only just sold by the Neam’s family early last year.
The buyer, a New York-based real estate developer called Sivan Properties, apparently didn’t want to deal with the Georgetown hurdles and just wants out. According to WBJ:
The company has since determined that the property would be better suited in the hands of a buyer that’s based in D.C. and has more familiarity with the vagaries or trying to lease or redevelop here, said Josh Feldman, vice president of investments for Marcus & Millichap’s Feldman Group, which is marketing the property.
“They had some very interesting tenants who were willing to pay pretty high rents, but at the end of the day, they weren’t able to get to the finish line,” Feldman said. “They’re based out of New York, and it seemed like a good opportunity at the time, but navigating Georgetown takes boots on the ground, so to speak.”
What GM can’t believe about this whole situation is that this “end of the day” reasoning was more than apparent at the beginning of the day too. Building in Georgetown is hard. Especially when you’re trying to add new construction to an old property, as GM heard they were considering in this case. Continue reading
This week for Now and a Long Time Ago, GM is visiting O St. and an idyllic postcard that the Ebay listing for it says is from the 50’s or 60’s.
The specific block is O St. just west of Wisconsin Ave. Nowadays it is a mix of antiques shops, a gym, and some restaurants. The watercolor depiction of the street doesn’t make it clear what type of shops all the shops were. But the shop of the far left appears to be called “Georgetown Temptations”. Post archives indicate that Martha Wrenn Bobbitt McTigue operated a shop in Georgetown with that name from 1965 till 1975. It was described as a gift shop. Continue reading