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Couple hot commercial corridor tidbits for you this afternoon!
MURRY’S ON THE WAY OUT? With a brand-new Giant Foods under construction at 3rd and H Street NE, it looks like there may be less of a need for the much-maligned Murry’s grocery store three blocks away on 6th Street. H Street Great Street heard that something’s moving there. Sure enough, a reliable source in the broker community tells me that 610 H Street NE, which also includes the Good Danny’s carryout, is under contract and on track to settle in November. The owner, listed in property records as “SPUTNIK LLC,” is none other than taxicab magnate Gerry Schaeffer, also the owner of a certain piece of land at New York and Bladensburg Avenues NE that’s slated to become a Walmart. As with that deal in its early stages, Schaeffer’s playing his cards close to his chest. “It’s a confidential agreement,” he told me. “I can’t talk about it.”
CHOICES, CHOICES: Remember that crazy offer from Monument Realty for the Frontiers East and West condo developments? Well, residents have been thinking it over, and a few weeks ago entertained yet another proposition—-this time from local developer Lakritz Adler. Principal Josh Adler caught me before I could sit in on the presentation, which they held at the swank Donovan House hotel, so I don’t have details of the offer. But Adler assures me it’s competitive, and expects to hear some indication of the homeowners’ thinking in October. Of course, 100 percent of the homeowners must agree to sell, so chances are slim for a favorable outcome for either developer.