A shell company, Hampden Lane Project, LLC, is the official purchaser. The sale price was $22 million. WPC is now in the catbird seat. It can redevelop the AOTA site. It can assemble the AOTA property with the WPC headquarters building directly adjacent to it. It can assemble both of those properties with the Douglas Development property (former Pines of Rome/Tommy Joe's buildings) that is contiguous with the AOTA and WPC properties. Or it can assemble all three of those with the former Exxon station property that adjoins the Douglas property to the east, and redevelop the entire block.
Every property on this block could potentially be assembled for redevelopment with clear thinking by all parties involved |
AOTA announced earlier this year that it had already found a new headquarters. They will be moving to 6116 Executive Boulevard in North Bethesda.
5 comments:
Our rapidly changing city!
I sure hope they produce a “winning project” as you have suggested, instead of a “losing project”. I sure hope they read this blog, and follow your sage planning advice.
Looking forward to it. LOL
My comment was intended to highlight his poor choice of words. Only a “winning project”, defined by Dyer would somehow include an urban cinema, even if the market and economics do not make such a cinema possible.
In fact if an urban cinema was somehow forced onto this site, it might end up like the failed food court, and be more defined as a “losing project”, with awkward, expensive and likely vacant space in the heart of downtown,
12:14 iknowrite, it's a travesty. Hogan needs to censure, reprimand and impeach that left-wing commie pinko money wasting "Elpoor" decision making disgrace to MoCo!
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