Giant will begin construction on Cathedral Commons next spring and has just announced its partnership with The Bozzuto Group to develop the $125-million mixed-use project along Wisconsin Avenue, NW, first reported yesterday by The Washington Post.
The historically debated, two-block redevelopment project will bring 137 apartment units and 8 townhomes, more than 500 parking spaces, and 128,000 s.f. of retail including the anchor, a new 56,000-s.f. Giant, to replace the badly aged 50-year-old one currently on site. Opening of the new Giant is "tentatively scheduled for late 2013."
In the press release issued today, Tom Bozzuto, CEO of The Bozzuto Group, remarked, “We are thrilled to work with Giant to create Cathedral Commons, a community that will offer the District neighborhoods of Cleveland Park and Cathedral Heights the best shopping, dining and housing yet."
Southside Investment Partners LLC will partner with The Bozzuto Group on the retail portion of the project.
The Bozzuto Group is also a development partner for Monroe Street Market near Catholic University, another big ($200 million) mixed-use project which broke ground last month.
Washington D.C. real estate development news