Comments on: City Supports O Street Market http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/ New Buildings, Construction, Destruction, Planning, Real Estate, and Gossip as it happens in the Nation's Capital Fri, 21 Nov 2008 18:47:13 +0000 http://wordpress.org/?v=2.2.2 By: Jamie http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2264 Jamie Mon, 30 Jun 2008 19:17:18 +0000 http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2264 I think market conditions are up there in terms of reasons why this might take some time as well. They will need financing and lending market for real estate projects is not exactly liquid right now. So, late '09 gives the market some time to absorb all the units delivering downtown around Mt. Vernon Triangle and the overall issues in the financial markets to get worked out. Plus the permitting, dealing with Giant, etc. as Shaw Rez mentions. I think market conditions are up there in terms of reasons why this might take some time as well. They will need financing and lending market for real estate projects is not exactly liquid right now. So, late ‘09 gives the market some time to absorb all the units delivering downtown around Mt. Vernon Triangle and the overall issues in the financial markets to get worked out. Plus the permitting, dealing with Giant, etc. as Shaw Rez mentions.

]]> By: DG-rad http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2263 DG-rad Mon, 30 Jun 2008 19:16:23 +0000 http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2263 and now can they please tear down the communist bloc apartments across the street? all in good time, I suppose... and now can they please tear down the communist bloc apartments across the street?

all in good time, I suppose…

]]> By: Mr Q http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2262 Mr Q Mon, 30 Jun 2008 17:37:25 +0000 http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2262 That would be impatient, not inpatient...unless there's a hospital being built there... That would be impatient, not inpatient…unless there’s a hospital being built there…

]]> By: Mr Q http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2261 Mr Q Mon, 30 Jun 2008 17:35:30 +0000 http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2261 Thanks Shawrez...that all makes sense...just getting inpatient to see some tangible progress after hearing about this for so long...can't happen fast enough! Thanks Shawrez…that all makes sense…just getting inpatient to see some tangible progress after hearing about this for so long…can’t happen fast enough!

]]> By: shaw rez http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2259 shaw rez Mon, 30 Jun 2008 16:50:55 +0000 http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2259 I think several things play into the timing. First, I think the developer has an agreement with Giant that a) Giant won't have to shut down the current store (which is being torn down as a part of this massive 2 block redevelopment) during certain months (I think like October through February or something); and b) Giant will get 90 days notice to vacate. Second, I think Roadside anticipates the permitting process to take that long. Third, I bet there are tons of details still to work out in terms of design, getting the hotel flagged, etc. I think several things play into the timing. First, I think the developer has an agreement with Giant that a) Giant won’t have to shut down the current store (which is being torn down as a part of this massive 2 block redevelopment) during certain months (I think like October through February or something); and b) Giant will get 90 days notice to vacate. Second, I think Roadside anticipates the permitting process to take that long. Third, I bet there are tons of details still to work out in terms of design, getting the hotel flagged, etc.

]]> By: Mr Q http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2258 Mr Q Mon, 30 Jun 2008 16:45:29 +0000 http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2258 That's a great question...if the financing is lined up and the Council approved the TIF this month, does anyone know what happens between July 2008 and Fall 2009??? Another 12+ months elapses to do what? I'm sure it's something - it would just be interesting to know what it is...we've been waiting YEARS for this project! That’s a great question…if the financing is lined up and the Council approved the TIF this month, does anyone know what happens between July 2008 and Fall 2009??? Another 12+ months elapses to do what? I’m sure it’s something - it would just be interesting to know what it is…we’ve been waiting YEARS for this project!

]]> By: SGDC http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2257 SGDC Mon, 30 Jun 2008 16:20:28 +0000 http://dcmetrocentric.com/2008/06/30/city-supports-o-street-market/#comment-2257 I don't understand how it would take until Fall 2009 at the earliest for this project to begin. It's a vacant lot. Shovels should be in the ground by year's end. I don’t understand how it would take until Fall 2009 at the earliest for this project to begin. It’s a vacant lot. Shovels should be in the ground by year’s end.

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