Truck and Barter

Local Redevelopment

The economy in the Washington DC region continues to boom with incredibly low unemployment and incredibly high housing prices. Outlying regions are growing housing as fast as slow-growth restrictions permit, but inner regions, like Alexandria, VA are almost completely developed. Hence, old commercial sectors--like Landmark Mall--will be razed and replaced with a combination of dense housing and open-air shopping. They will also add housing to a BJ's wholesale club:

Freeman execs say they would like to take advantage of zoning that would allow for a residential component to the 120,000-square-foot BJ's Wholesale Club but would need approval from the city and the store, which has options on a long-term lease. Although the company has a residential division that builds golf communities, it has never done an urban project and is considering potential development partners.

Posted at July 13, 2004 07:07 PM

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