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Posts Tagged ‘David Choi’

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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From the February 2012 edition of the Glover Park Gazette:

On January 23, an eagle-eyed local tweeter spotted the Pearson’s Wine & Spirits parking lot at 2430 Wisconsin Ave. listed for sale at $3.999 million—a whopping sum, considering that the JP’s building offered at $2.4 million is on the same block. We dried our tears at the thought of losing the commercial strip’s last open pedestrian cut-through and called Pearson’s owner David Choi to ask what was up.

“We’re not selling it,” Choi told us. Rather, in order to get a sense of the property’s retail market value, he listed the lot to see what sort of offers come back, a standard method of evaluating one-of-a-kind real estate. Barring an offer that can’t be refused, he says, the lot will remain with Pearson’s.

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