H Development Announces Agreement to Bring Giant Store to Corridor
Ward 6 Councilmember Tommy Wells shared news today that Giant grocery stores and Steuart Investment Company have signed a lease to bring the grocer to the 3rd and H Street NE redevelopment project. "This is a great next step in the revitalization of the H Street Corridor,” stated Wells.
He added, “I’m excited that Giant has been exploring more urban and transit-oriented store designs and I’m eager to see Steuart and Giant deliver on a vision that embraces the new streetcar and the proximity to Union Station. The new grocer will encompass approximately 41,000 square feet of first floor retail space, and the overall development will include additional street-level retail space and 215 housing units, including 18 affordable units.
"Much like we’ve seen with other grocers in Ward 6, these stores not only bring new shopping choices for a neighborhood, but they are also job generators that draw heavily from the immediate area,” noted Wells.
According to the development team, a groundbreaking may take place as early as this spring and based on the current development plan, the new Giant will be open for business during the first quarter of 2013.
November 2, 2010
GIANT FOOD TO ANCHOR NEW MIXED-USE DEVELOPMENT ON H STREET
360º H Street Advances Another Step Closer to Reality
A mixed-use project slated for development at the intersection of 3rd and H Streets, NE in Washington, DC has advanced one step closer to reality this week with the signing of a long-term anchor lease by Landover, Md-based Giant Food. The project, called 360º H Street, is a nearly 290,000-square-foot, LEED certified development by Steuart Investment Company and features street-level retail topped by 215 first-class rental units. Torti Gallas and Partners, Inc. of Silver Spring is the architect.
The 360º H Street development is a part of the massive revitalization of the entire H Street, NE corridor that has been underway, in earnest, since 2002. The 61,000-square-foot site is a collection of real estate parcels, some of which have been owned by Steuart for many years, assembled to create one, contiguous development site. The retail portion of the development will encompass 43,000 square feet, to include the 41,200-square-foot Giant Food, as well as a 1,500-square-foot retail bay on the east end of the site. Additionally, the development will include two floors of subterranean parking, with one floor, or 125 spaces, reserved for retail customers. Construction is slated to begin next spring.
The new Giant at 360º H Street will be a full-service and convenience-oriented store, featuring a wide variety of freshly-prepared meal options, in addition to the normal selection of grocery items. The entrance to the store will be situated directly at the corner of 3rd and H Streets, with easy accessibility from the Union Station Metro, as well as a stop on the new DC Streetcar line, scheduled to be in operation in 2012. This will be Giant’s first store in the H Street corridor. Based on the current development plan, the 360º H Street Giant will be open for business during the first quarter of 2013.
We could not be more pleased that Giant has committed to anchor this development,” said Guy Steuart, president of Steuart Investment Company. “Our vision for 360º H Street is one of ‘convenient urban living’, and with Giant we’ve partnered with a grocer embracing smart development and top-quality customer service, too. The future on-site residents, as well as those in the surrounding neighborhood, will benefit greatly from the accessibility of this grocery store.” JBG Rosenfeld Retail’s Bob Schwenger represented Steuart in the deal with Giant.
The residential component of 360º H Street features five floors of studio, one-bedroom, one-bedroom plus den, and two-bedroom units, including 18 affordable units distributed throughout the project. Each of the units will include an island kitchen, approximately nine-foot ceilings throughout, hardwood floors, and either a balcony or terrace, to name just a few of the details. Community amenities include an internal courtyard above the grocery store, a fitness club and community room with access to the courtyard, as well as a rooftop terrace and 145 spaces of resident-only parking below the development. Steuart anticipates the first residents moving in during the spring of 2013.