Trends in the retail industry are perpetually changing, and inevitably affected / influenced by technological advancements, evolving market conditions and ever-changing consumer behavior. Due to these factors, both retailers and commercial real estate operators have to improvise and adapt constantly to consistent changes in order to stay competitive in their respective markets.
Developer Brookfield Properties announced Monday that it will build a $1.4 billion mixed-use district in Reston with an 80,000-square-foot Wegmans grocery store as the anchor tenant. Construction on the project, called Halley Rise, will begin in mid-2019, with the first phase expected to finish in 2022.
Art Place at Fort Totten in Northeast D.C. is about to get one of the world’s most talked-about interactive art installations.
Pritzker Realty is working with H&R Retail to help bring a grocery store the final phase of Brookland’s Monroe Street Market.