Photo by M.V. Jantzen.
Good morning Georgetown, here’s the latest:
Filed under The Morning Metropolitan
Photo by kkfea.
Good morning Georgetown, here’s the latest:
Filed under The Morning Metropolitan
Carol Buckley at the Current reported yesterday that the new owners of the Georgetown Park mall are in negotiations to bring in a Target and a Bloomingdale’s “Soho” store (the department store’s smaller more “hip” version).
The deal doesn’t sound final, but GM trusts Buckley’s source enough to be confident that deals are in fact near. One thing not mentioned in the article, however, is the effect of Anthony Lanier’s on-going litigation against Western Development over ownership of the mall.
In fact, as mentioned in the article, Bloomingdale’s already tried to bring a Soho store to the mall three years ago. That deal was called off because of Lanier’s lawsuit. Obviously enough has changed to the landscape for Bloomingdale’s to take another chance.
The irony in all of this is that back in 2009, Anthony Lanier gave a long talk to CAG about his vision for Georgetown. He said that he wants it to be true that the only reason you have to leave Georgetown is to go to the airport. And to that point he said that if he got ownership of the mall, he would seriously consider bringing in a Target and putting it in the basement. The idea being that having a Target in Georgetown means Georgetowners can avoid many trips to the suburbs, bringing the neighborhood that much closer to his dream. And by hiding it away in the basement, it doesn’t affect the historic feel of the neighborhood. Continue reading
Filed under Real Estate
Photo by BoopBoopBoopBoop.
Good morning Georgetown, here’s the latest:
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Photo by Sashi Bellamkonda.
Good morning Georgetown, here’s the latest:
Filed under The Morning Metropolitan
Canal by Annere.
Good morning Georgetown, here’s the latest:
Filed under The Morning Metropolitan
Creepy boat on the Potomac by Kineyas.
Good morning Georgetown, here’s the latest:
Filed under The Morning Metropolitan
Photo by Mr. T in DC.
The Georgetown Mall is headed to auction next month, according to an article in the Post today (which marks Jonathan O’Connell’s arrival at the Post, bringing with him the real estate chops he honed at the Washington Business Journal).
As a quick background: Herb Miller’s Western Development and Anthony Lanier’s East Banc have been fighting over the future of the mall for years. Lanier claims that Miller broke an agreement they formed to buy the mall together when Miller bought the mall himself in 2006. Lanier sued and Miller’s plans to bring Bloomingdale’s collapsed. Western countersued for malicious legal filing. Eventually Western defaulted on a loan held by the now bankrupt Capmark Financial Group. As a result, the property will be auctioned off next month. Continue reading
Filed under Retail
Photo by Antisocialtory.
Good morning Georgetown, here’s the latest:
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Photo by David Kleinschmidt.
Good morning Georgetown here’s the latest:
Filed under The Morning Metropolitan
