It鈥檚 been just over a month since 50度灰视频 handed off 97 acres north of downtown for the construction of a $1.75 billion intelligence agency facility, and brokers are already marketing property nearby owned by Paul McKee鈥檚 NorthSide Regeneration.
Gershman Commercial real estate has retail space for lease on an almost 23-acre site at the northwest corner of Jefferson and Cass avenues. That鈥檚 right across Jefferson from the future home of the National Geospatial-Intelligence Agency, which is expected to open about 2025 with some 3,100 employees.
鈥淟ocated at the main entrance of the NGA campus,鈥 the Gershman brochure says.
Though the city terminated McKee鈥檚 development rights to the 1,500 acres surrounding the NGA site over the summer, as well as the tax increment financing district that covered it, the marketing material is a reminder that he still owns an estimated 1,600 properties surrounding the site that he acquired over more than a decade. With so much land in the area still owned by NorthSide, much of the future development around the planned NGA site in north 50度灰视频 will still hinge on McKee and his lender, the Bank of Washington, despite their soured relationship with City Hall that has the two sides battling in court.
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The Gershman brochure shows a site plan with a big-box-style retail development plan, complete with a large commercial space and out-lot development space surrounded by ample parking spots. It says it鈥檚 available for retail, restaurant or a large recreation user, apparently the type of indoor recreation businesses that have increasingly filled big-box commercial spaces around the country. The brochure also mentions a microbrewery and nursery 鈥渃oncept.鈥
While McKee鈥檚 NorthSide appears to own much of the site, he does not own all the parcels, according to land records. It wasn鈥檛 clear whether he intended to acquire them, if he was developing the site himself or looking for a development partner.
In an email, McKee said that it was too early to discuss the project and that the brochure had been 鈥渕ailed out inadvertently.鈥
The brochure also touts McKee鈥檚 planned 鈥淗ealthWorks Campus鈥 on the former Pruitt-Igoe housing complex site at the southeast corner of Jefferson and Cass avenues. He and his representatives have talked about that project for years since acquiring the site from the city in 2016. Though two walls appeared to go up in the middle of last year, they collapsed in late December after strong wind. A timeline there is uncertain.
Work continues on GreenLeaf market north of downtown.聽
However, NorthSide鈥檚 $20 million GreenLeaf Market project near Tucker Boulevard and 13th Street is almost complete. The ZOOM gas station opened in October, and the GreenLeaf Market grocery is tentatively set to open in the late spring, McKee said in an email.
Gershman began marketing the NorthSide real estate just north of the GreenLeaf market in December. There, too, it promotes a leasing opportunity for future retail sites on the edge of a large surface parking lot, including a possible bank, a Dunkin鈥 Donuts and a three-story hotel with 120 keys. The historic bank building at 13th Street and Cass Avenue is preserved on the site plan.