Tuesday, February 3, 2009

O St Market - Kelsey Gardens update...

Just a quick post with this news from Alex Padro re: current status of City Market at O and Kelsey Gardens aka Addison Square...in case you're not on the Shaw listservs...

Looks like a 2010 groundbreaking for CityMarket at O. Nothing is moving forward until the banks start lending again.

The Kelsey Gardens PUD was approved by the Zoning Commission last week. There are three remaining tenants on the premises. Best case scenario is demolition this summer. As of last week, Metropolitan Development has a lender and is working on their financing.

Alex
Alexander M. Padro
Commissioner, ANC 2C01

...and the beat goes on...

1 comment:

Anonymous said...

I dont understand how the City Market developers dont already HAVE credit in place if they have all the plans and the ok from DC...