Saturday, June 8, 2019

Apartment in Building 5 - Ground Breaking on June 19th

I reported back on May 15th 2019 that the 229 unit apartment in building 5 was confirmed to be breaking ground in June of 2019 in the post linked here

I still have not seen that reported anywhere, only the fact that the financing finally went through being reported by the Washington Business Journal in May.

I now have confirmation on a solid date in June.   The ground breaking is Wednesday, June 19th 2019.

Also good news is they plan to NOT have the hiker/biker trail blocked during the entire 18 month construction process of this apartment.  Goal is to get that opened very early in the construction process.

For the other two apartment buildings coming after the first apartment is completed  (building 8 and 9) surprisingly there was no change at all between the documents they submitted and my 2017 blog post about these apartments here.   The exact same number of units but two buildings instead of three.

Since those will not even begin construction for over two years from now they almost are not worth talking about yet as there is a possibility at that time it won't make economic sense to add another 630 apartments to this area.  I think a lot will depend on the occupancy rate of the first 229 units in building 5 on if the later apartment plans go forward.

Saturday, June 1, 2019

Hair Cuttery coming to Riverdale Park Station.

It's not the most exciting retailer in the world but it is good that one of these empty retail spots is filling in.

Hair Cuttery is coming to Riverdale Park Station.  It will be next to the Jersey Mikes.  See the diagram below:



As I have been writing I have believed that as soon as the apartment building construction began these remaining retail locations would start to fill in. 

I reported here back on May 15th that construction for the 229 unit Apartment in building 5 has been confirmed to break ground in June 2019 (this month). 

As this apartment gets closer to being ready for leasing expect more retail to fill in.  Foot traffic is key and it is coming.