O St Market Secures Financing
27 04 2011One of the last major hurdles to the start of real construction on Roadside Development’s O Street Market project has finally been cleared with the securing of HUD financing this week. We reported on the “ground breaking” last September, but really all that has happened since then is some structural work, a soil study and some surveying.
Now that $117 Million in financing is officially in place (though terms are still being worked out), the real work can get started on the project which will include the City’s largest Giant Food supermarket, apartments, condominiums, affordable senior housing, a hotel and retail shops. We’re one step closer to breathing some new life into this corner which has been nothing more than an empty facade of a building for years. We are excited to see how the adaptive reuse and historical preservation ends up looking!
I’m not a fan of building new buildings to preserve history in the first place, but am I the only one who doesn’t like that third story? Is it designed to hold misbehaving wizards? Chaste princesses? That is one high peak, and the windows only exacerbate the problem.
Is there actually going to be a market other than Giant here? I thought it was to be akin to Eastern Market. It will be a shame if this is a market in name only.
[...] Shaw – The O Street Market project secures financing. Can’t build without bucks. [DC Metrocentric] [...]
[...] that the future of the O Street Market is more of a certainty (with financing secured back in April, and the Shaw Giant closing next month), we are starting to get excited about the potential of the [...]