Developer Equity One has announced it has reached an agreement with Giant to have the grocer anchor its redeveloped Westwood Shopping Center. The center on Westbard Avenue has been anchored by a Giant grocery store since 1959. Expected to be in the 60000 SF range, the new Giant store will for the first time have a full-service pharmacy, great news in case Rite Aid does not return in the new center.
Other additions to the new store will include a larger organic produce selection in a "market-style" produce department, a greater range of natural and organic foods, an expanded selection of ethnic and international foods, a large deli serving hot food, and 200 gourmet cheeses displayed on a "cheese island." In the bakery, Giant will add a muffin cart, bagel bin and bread bar.
Separately from the official Equity One announcement, a source told me that in its negotiations to return, Giant sought to avoid any closure of the current Westwood store prior to the new store being ready for occupancy. Whether they got that assurance is only known to Ahold and Equity One as of this writing.
Based on previous renderings, the new grocery store structure will be on the empty portion of the parking lot over near Westland Middle School. We'll have to wait for official word from Equity One on the staging schedule, however.
I think this particular announcement is a win for Equity One and the community. The current store is the best Giant in Bethesda. Only Wegmans would have been a step up; certain other chains could have been a step down. The new urban Wegmans design requires about 10000 more SF than Equity One had set aside for the grocery store footprint. And this being the most profitable Giant store in their chain, it's not surprising that Ahold would be interested in staying on in the new development.
The existing Giant lease expires in 2019; Equity One says the new agreement amends that 1959 lease.
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Showing posts with label Giant lease. Show all posts
Showing posts with label Giant lease. Show all posts
Saturday, May 14, 2016
Thursday, October 11, 2012
PARTY LIKE IT'S 2019 AT WESTBARD GIANT FALL FESTIVAL THIS WEEKEND IN BETHESDA
FREE FOOD
AND
PRIZES
Another Robert Dyer @ Bethesda Row Exclusive
Only about 48 hours ago did we hear that Equity One had purchased the Westwood Complex on Westbard Avenue in Bethesda. The crown jewel of that property is the Westwood Shopping Center, home to the Westbard Giant since 1959.
The transaction process revealed that the Giant's lease expires in 2019 (they renegotiated the old one that expired in 2058). At that time, Giant may be gone forever, and the shopping center may be torn down.
But for now...
The Giant continues to celebrate its recent Grand Reopening, and is holding a Fall Festival inside the store this weekend.
So get ready to party like it's 2019 Saturday and Sunday, noon-4 PM.
Enjoy FREE apples, apple pie, kettle corn and pumpkin muffins!
Make your own caramel apple!
Spin the Prize Wheel!
Crafts and games!
With 7 years left, let's make the most of it while we can.
Giant, 5400 Westbard Avenue, Bethesda.
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