Tuesday, May 25, 2010

South Capitol Shopping Center Redo Closer to Reality

The Washington City Paper's Housing Complex Blog reported last week that the South Capitol Shopping Center in Bellevue will be one step closer to being redeveloped after the D.C. Council approves a bill to close a public alley in Square 6172, located within the project's blueprint. Back in December 2008, CityInterests LLC, the developers of the planned revamped shopping center complex, received tax increment financing (TIF) worth $8.8 million to build what is described as:
A 530,000-square-foot $108 million project to replace South Capitol Shopping Center, a strip of stores in the 4000 block near the District’s southern tip that currently includes Domino’s Pizza, Mai’s Nails, a liquor store and Jackson Hewitt tax service. It would include 220 residential units, 85,000 square feet of office space, 500 parking spaces and 47,000 square feet of retail.

1 comment:

Unknown said...

What is the update on this? I am a resident and the money trail seems to have gone dry. I went to the developer's website and on the bottom left of this page, is a picture you can hover over and it gives you details. This company's voice mailbox is full and every time I enter Peter Novak and Alan Novak's names (they are co-founders), the call transfers me, then is abruptly ended.