Tuesday, August 24, 2010

CityVista developer in talks with Safeway on Petworth grocery-housing project

The developer behind of one of the Districts more successful recent condominium projects is nearing a deal with Safeway to bring a 210-unit housing and grocery store development to Georgia Avenue, in the Petworth neighborhood, reports the Washington Post.

Marc Dubick of Los Angeles-based Lowe Enterprises is wrapping up negotiations after partnering with the grocery chain to develop the 685-unit CityVista condo, apartment and retail complex in Mount Vernon Square. Despite its completion in 2008, just as the economy was falling apart, all of CityVistas 441 condos have sold or gone under contract and few of its apartments have not been leased.

While working on CityVista, Dubick co-founded a new development company, Duball LLC, and is looking to work with Safeway again, this time on a mixed-use project that would put 210 housing units atop a new 50,000-square-foot Safeway at 3830 Georgia Ave. NW. The Pleasanton, Calif.-based grocer currently has a 47-year-old store there.

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