The
Washington Business Journal recently reported a lease has been signed for the
Walmart Skyland site in Washington, D.C.'s Ward 7. The signing of the lease dispels any notion that the project won't go through, paving the way for much needed development in Ward 7. The Wal-mart is not projected to open until 2017. Some noteworthy facts about the project include that about 22% of the $ 220 million financing is through an EB-5 green card investment and that 476 residential units as well as 324,000 square feet of retail will also be there.
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| A rendering of the proposed Walmart at Capitol Gateway. |
But what about
the Walmart at Capitol Gateway (the site that Walmart wanted and was not forced to build)? The
Washington Business Journal reported on
the Capitol Gateway site back in September.
Ground breaking allegedly should take place on April 1, 2015 with another alleged commencement of construction to happen in the summer of 2015. (Unfortunately, a lease has yet to be signed and since it took more than 8 months from the ground breaking for a lease to be signed for Skyland along with the delays, Ward 7 supporters of this project are not holding their breaths.) Once completed, the site should offer a much needed grocery store, sit-down restaurant, urban farm, and transit oriented housing.