Tuesday, March 13, 2012

Target and Costco Set to Open in D.C. in 2012


Net Lease Press Releases

The players are likely to be Costco and Target, potentially Shoppers Food Warehouse and Staples, even Wal-Mart was once in the lineup.


DCmud reports that the final moves have been made to start construction of the Shops at Dakota Crossing, a 42-acre development in the Fort Lincoln area of Northeast,Dc where Costco will serve as an anchor tenant. 
In all, the plan allows for 26 tenants in 13 buildings at the Shops, but as of now, only 182,060 of the 430,000 s.f. has been claimed by tenants: 154,000 s.f. by Costco and 28,060 s.f. by Marshalls. After Costco's building is delivered late next year, the rest of the development will continue to rise and retailers are expected to be able to settle into spaces by mid-2013.In all, the plan allows for 26 tenants in 13 buildings at the Shops, but as of now, only 182,060 of the 430,000 s.f. has been claimed by tenants: 154,000 s.f. by Costco and 28,060 s.f. by Marshalls. After Costco's building is delivered late next year, the rest of the development will continue to rise and retailers are expected to be able to settle into spaces by mid-2013.

 

 Fort Lincoln is a neighborhood located in northeastern Washington, D.C. It is bounded by Bladensburg Road to the northwest, Eastern Avenue to the northeast, New York Avenue NE to the south, and South Dakota Avenue NE to the southwest. The town of Colmar Manor, Maryland, is across Eastern Avenue from the Fort Lincoln neighborhood, as is the Fort Lincoln Cemetery.
The name Fort Lincoln was originally used for a Civil War Fort in adjacent Prince George's County, Maryland, across the D.C. line from the Washington neighborhood bearing its name.


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