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Archive for the ‘Real Estate’ Category

From the September 2015 edition of the Glover Park Gazette:

Glover Park Hardware hopes to open in its new ground-floor location (2233 Wisconsin Ave.) in October, according to owner Gina Schaefer. The company rented the vacant storefront shortly after its lease at the prior location (2251 Wisconsin Ave.) expired in January. The owners have been working ever since to renovate the space and install a needed freight elevator. Delays with the elevator’s installation have led to much frustration, both for the owners and for Glover Parkers who have sorely missed the shop.

The hardware store’s old space underneath Washington Sports Club is slated to become a Rite Aid.

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From the May 2015 edition of the Glover Park Gazette:

The Mason Inn (2408 Wisconsin Ave.) will not be moving into the vacant JP’s Lounge building (2412 Wisconsin Ave.) after all, we hear. Talks between the Mason Inn’s owners and their landlords—who own both properties—about the potential move have ended without a deal.

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From the May 2015 edition of the Glover Park Gazette:

The parking lot and building for Pearson’s Wine & Spirits (2430 and 2436 Wisconsin Ave.) have been listed for sale. “Both this store and parking lot are in a prime location in a strong mix of retail and office development, surrounded by a high-income residential neighborhood,” the listing reads. The two properties are owned by David and Helen Choi, who bought them along with the business in 2009. The Chois previously listed the parking lot for sale in 2012, but at the time David told us the family had no intention of selling it. Rather, he said, the lot was listed as a way to discover its fair market value—a common strategy with one-of-a-kind properties. As for this time around, we’re not sure what the listing means. We learned of the listing after our deadline, and David was not immediately available for comment.

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Glover Park Hardware (formerly of 2251 Wisconsin Ave.) “will reopen in the old LADO space at 2233 Wisconsin Avenue, hopefully by late spring,” according to ANC Commissioner Jackie Blumenthal. The LADO language school formerly occupied the ground-floor retail space next door to Breadsoda.

“This is terrific news,” Blumenthal posted to the Glover Park Yahoo newsgroup this morning. “Spread it around.” Done!

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By Randy Rieland

From the February 2015 edition of the Glover Park Gazette:

If you asked people in Glover Park what they’d like to see on the Wisconsin Avenue strip, it’s a good bet not many would say two drug stores.

But that’s what we’ll have soon when a new Rite Aid moves into 2251 Wisconsin Avenue, pretty much across the street from the CVS. For the past 10 years that space has been occupied by Glover Park Hardware. It closed in mid-January after it lost its lease.

The store’s owner, Gina Schaefer, said she found out in November that the landlord, Chesapeake Realty Partners, was not going to renew the lease and instead had chosen to rent the space to another business. That surprised Schaefer because she thought they had reached an agreement—although she says she did start to get suspicious when there was one delay after another in closing the deal.

Schaefer speculated that even though the Glover Park store was one of nine Ace Hardware franchise outlets she owns in DC and Baltimore, she lost out to a “nationally accredited tenant” because it would, in the eyes of the bank, bring more value to the property if Chesapeake Realty wants to sell the building. Chesapeake, based in Owings Mills, MD, is constructing an 82-unit apartment building in what used to be the parking lot behind the former hardware store and Washington Sports Club.

Glover Park ANC Commissioner Jackie Blumenthal confirmed that a Rite Aid will be going into the space. “Losing an Ace Hardware store is a big setback for the community,” she said. “Ace to Rite Aid is a terrible tradeoff.”

Blumenthal pointed out that as much as people in the neighborhood may want to see more independent businesses on Wisconsin Avenue, the relatively small Glover Park business community has very little leverage in influencing who outside property owners rent to. By contrast, she said, the much more robust business community in Georgetown is working together to try to slow the pace of national brands replacing independent businesses there.

“We have some really good businesspeople here,” Blumenthal added. “But you’d like to have a really dynamic business community. It’s adequate, but it’s getting less interesting.”

For her part, Schaefer wants to try to stay a part of it. She’s looking at another property elsewhere on Wisconsin but she didn’t want to reveal a location. As of this writing, no deal has been done. She regrets that she lost the space in the heart of the Glover Park business district. “It was a great store,” she said, noting that before it lost its parking lot to the apartment construction project, Glover Park Hardware ranked behind only her Tenleytown operation in terms of business.

Schaefer also said she’s been touched by the outpouring of support she’s heard from Glover Parkers. Someone actually wrote, “Can we lay down in the street for you?”

“It does make you feel good to know that the community was bummed about this because we definitely were bummed. We have absolutely loved this neighborhood.”

Schaefer said the store’s 24 employees will be shifted to her other hardware stores, including the ones in Tenleytown and Woodley Park.

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The Mason Inn (2412 Wisconsin Ave.) is investigating the possibility of a move next door into the vacant former home of JP’s Lounge (2408 Wisconsin Ave.). The bar’s owners will appear before Advisory Neighborhood Commission 3B at its December 10 meeting to discuss the proposal.

“Mason Inn has a tavern license…as well as permission to offer live-music entertainment and to serve alcohol on a roof deck,” the ANC’s agenda notes. “This move will make it impossible for the JP’s nude dancing license to ever be used in Glover Park.” The same landlord—a group of members of the Alafoginis family—owns both buildings. We hear from knowledgeable sources that no lease has yet been signed.

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From the October 2014 edition of the Glover Park Gazette:

The Holiday Inn Georgetown (2101 Wisconsin Ave.) is on the market, according to Bisnow. “Interested buyers have redevelopment in mind,” the real-estate news site reports. The hotel, which sits midway between Safeway (1855 Wisconsin Ave.) and Whole Foods (2323 Wisconsin Ave.), could become home to “a mixed-use, grocery-anchored project,” the site states.

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