Park Place apartments retail rumor


By the way... I heard a rumor that 7-Eleven has either backed out or is no longer being offered a lease at the Park Place apartments (on Georgia Ave over the metro stop). I believe the Wells Fargo bank is still slated to open, but no word on the other empty retail space.

I understand that the sale of the building last year by Canyon-Johnson Urban Fund (for $64 million) to TA Realty (paywall link) was predicated upon having long-term leases (hence national chains like 7-Eleven, Dunkin Donuts and Wells Fargo who can afford a long-term lease), so I wonder if another national chain is going to take that spot. Be nice to see local-owned businesses come into those long-empty spots. Kids' clothing store maybe?

We'll see what happens.