Reply to Lord and Taylor space in Friendship Heights

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]They need to move Saks, Neimans, and Bloomingdales to the White Flint Mall site and build an open air town center. Think a more upscale Pike and Rose that would serve as almost a Tysons 2 to Montgomery Mall's Tysons 1.

Take all the space that's left after, including the Lord and Taylor lot and the Mazza Galleria, and build an upscale version of the Mosaic District mixed with The Wharf. A lot of people would buy $2 million dollar elevator THs, $650,000 1br apartments, and $850,000 2br apartments if you built an expansive new development at this location with a lot of ground floor boutiques / restaurants, and amenities (pools, high-end movie theaters ala IPic, high end gyms like Equinox, swanky cocktail bars). There would be a humungous market for people who want to live in DC or live just on the DC line in good school districts but also say they're in the city. All it takes is good planning, like they did for The Wharf. [/quote]

I mean this is pretty much the plan for the old Fannie Mae site across from sidwell. Construction is pretty far along. [/quote]

This doesn't mean another development like this can't happen a few miles away. Chevy Chase has cache that the Fannie Mae location does not. Having an elevator townhome or a luxury condo next to a posh new set of development on the same level as the Fannie Mae location, if not better, would sell. Being able to walk from your townhome to stores like Tiffany's, Whole Foods, and the Metro in under 5 minutes would have a lot of appeal. You'd also be a short drive / walk to the country clubs along Connecticut. The area around Friendship Heights could be really, really nice with the right planning.

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Agreed. I think of Fannie Mae redevelopment more as an example - not as a substitute. I think the ~1000 new units there will be relatively quickly absorbed. Overall, the Wisconsin corridor could easily see a doubling of units if there weren't anti-development regulations around. [/quote]

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