WF is 3-15 min from LV. WF is 9-25 min from LP. |
Its the anchor in terms of who is paying the majority of the rent for the property -- and there will be consequences with it gone. |
To the landlord? Sure. To everyone else, no. That shopping center is isolated from everything else by 3 major roads. If they raised the rent and the remaining tenants moved elsewhere and the whole thing filled up with squatters as threatened, it still would barely make an impact on anyone’s life. |
I will drive out of my way to go to the Italian store. I've stopped by the Starbucks and Big Wheel Bikes while there. I've never be inside of that Giant |
| The landlord has owned property in Arlington for a long time and also owns the apartment building catty corner from the shopping center. They are poised to make a lot of money when Arlington changes the zoning and allows the redevelopment of the parcels along Langston. I'm sure they will get another tenant in there in the meantime. It has plenty of parking and other desirable storefronts. That was a dirty old Giant and the area is filled with organic grocers plus another Giant on Washington Blvd. I don't think there is a big story here. |
| That Giant smelled like an old folks home and half the stuff was expired. |
Not likely. That area has a lot of water problems. They will have to extract so much money from the developer to fix the water issues that I doubt they will have much leverage for affordable housing. I think the community benefits package will mostly involve mitigation of flooding, to include green spaces and other measures. |
The Giant wasn’t paying the majority of the rent. CVS probably pays the plurality - it’s a large, updated space in premier location. Sq ft is almost as much as the Giant. Giant has been there forever and probably had a low rental rate. Landlord is probably looking forward to asking a higher rate from a new tenant. He’s already raking in so much money the dip in cash flow I probably isn’t hurting him much. Trolls are the only people who are “concerned” that it’s gone. |
The CVS footprint is about half the Giant, just look at Google Maps. Maybe the rate is lower for Giant but the lease I’m sure has been renewed on the last decade, it’s hardly locked in from the 60s. He is not getting a new tenant with a higher rate — the lot is being redeveloped it public knowledge so no one is going to move on to be kicked out in X years by the county. |
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I hate giant in general. Va square giant is nice but the staff seem to go out of their way to be miserable.
There is the Soviet Safeway near ballston that has actually won me over with friendly staff, although it is not a good place to shop. |
Even Soviet Safeway is better the LV giant. It really was the worst. |
Look again. CVS is more like 80-90% of the size of Giant. It’s big. Has a Minute Clinic and groceries. I’m sure he’s not sweating it. Either he finds a new tenant at higher rent or he cashes out for a bigger development deal. Unless he’s horrible at managing properties it should be a cash cow, even without the giant. |
The land will take years to get rezoned. And that's just step 1. It will be 10-15 years before a single lot is redeveloped as part of Plan Langston Blvd. Also, the County can't kick out the tenant. This is a privately owned property. |
Well landlord suddenly has right to redevelop to high density, you can bet they will jack up rent or not renew. That won’t attract a high quality tenant with that uncertainty hanging over them. |
Are you a CNA who works at an old folks home and spends the rest of the time checking expiration dates in a store with over a million items. |