Approved by the HPRB way back in August of 2007, and then by Zoning in May of 2008, Roadside Development's mixed-use CityMarket at O project apparently has a long shelf life. Developers have regularly attempted to quell the usual doubters with news of restructured financing, and updated timelines, but will finally lay uncertainty to rest, as a groundbreaking shindig is dated for Wednesday afternoon of this week. Festivities could include some palpable political tension, as mayoral candidate rivals political-polling master Vincent Gray and the Smart-car-piloting Mayor Fenty will likely both be in attendance. After the two year stall in action, a strategy becoming evermore popular in development world, Roadside's shovel plunge at CityMarket is an important step in the revitalization of the Shaw district.
Shalom Baranes Architects has been trusted to oversee the design process. A heavy snowstorm destroyed the roof the Market building in 2001, but architects and developers are confident the building will be restored to its original grandeur. Project architect Andrew Taylor says that they intend on avoiding a monolithic design theme, and that each building will have its own personality. "There is an effort...to create a composition of buildings surrounding and drawing attention to the Market, using modern elements that pick up on the more playful elements of the Market's Victorian architecture."
The project also includes the demolition of the current Giant grocery store, with plans for a much grander replacement. Roadside says of the planned Giant: "The new store will combine the charm of the 19th Century with 21st Century efficiency to create one of Washington's largest food stores and the East Coast's most unique and interesting shopping experiences." Stabilization of the O Street Market building for the purpose of preservation, and protection from subsequent ground excavation, is the first order of business, beginning this week. Demolition of the current Giant is next on the agenda, scheduled for later this winter, with the 24-month shot-clock commencing on January 15th, counting down the time developers have to deliver the new grocery store. The redevelopment won't be fully realized until sometime in 2013. Clark Construction is handling general contracting duties.
Washington D.C. Real Estate Development News