Real estate investment trusts and transit oriented development: CVS pharmacy moves from a single use site to a mixed use site on New Hampshire Avenue NW, Petworth, Washington, DC
(More from my trip to DC. And there was so much I didn't have time get to check out--Downtown, Dupont Circle, 14th Street NW, H Street NE, Capitol Hill and Eastern Market, the mixed use Safeway on Kentucky Avenue SE, a bunch of new recreation centers, Georgetown...).
She tools around in a used electric Fiat 500. She gave us a tour of Walter Reed. I think I would have missed a bunch without her chaperoning us.And I didn't have time to meet up with people outside of our old neighbors--we came out for the high school graduation of the next door girl that "we helped raise" until we moved.
Typically, pharmacy buildings are owned by real estate investment trusts who don't want to complicate a property by making it mixed use ("Problematic outcomes as real estate investment trusts buy more "high street" retail real estate," 2015). This is counter to good urbanism in cities, but the companies don't care.
That's why when companies like Walmart or Aldi start being okay with locating in mixed use buildings that's a big deal. Although it's not like they care about the site design or architecture that much.
There is an Aldi Supermarket on the ground floor of this apartment building on the 800-900 blocks of the south side of H Street NE, Washington, DC. The Aldi on South Dakota Avenue NE seems like it's more temporary--although that means 20+ years--as the building is under-developed compared to its potential.
If it's a site they want in a leased mixed building setting, they'll take it. But they'll still build single use buildings, but with underground parking, because land suitable for large parking lots aren't really available in the core of a city ("Lessons from Walmart's foray into DC," 2011, "The reason why Walmart is committed to a store that is part of a mixed use development," 2013). (Also see "LOL: Walmart closing stores, announces it won't move forward with two stores in lower income areas of DC," 2016).
The CVS on Georgia and New Hampshire Avenues in the Petworth neighborhood of DC used to be across the street on a parcel that needed to be heightened but never was.
I guess they ended their lease and moved to a mixed use building. There are still other CVS stores in the area that remain single story automobile-focused uses in Takoma DC, on 14th Street NW in Columbia Heights, and on Georgia Avenue NW by the Safeway (still single story although the one in Petworth is not) on Piney Branch Road. So these remain fallow opportunities for better development.
What this also means for the Petworth site is that the REIT is likely to be willing to sell their single story site now that they can't get an easy tenant for it, allowing for more intense development there, which is a plus for urbanism and the city.
Single story still, while the one in Petworth that was single story has long since been converted into an apartment building with the Safeway on the ground floor. On the other hand, that site is two short blocks to a subway station.
This is a nice easy walk to the Takoma Metrorail station, but instead of two short blocks, it's 7/10 mile. Subway station proximity in DC, which has a transit network contrasted to Baltimore which does not ("WMATA's 50th anniversary from the start of service, Part 5: Making a better transit network | Connecting heavy rail + light rail + railroad "), makes all the difference in properties being worthwhile to develop, or not.
A Separated Yellow Line up Georgia Avenue would change the property values overnight, but would require wholesale rezoning like what Arlington County did with Wilson Boulevard, and DC has never gone to that length for land that is already zoned low density residential ("WMATA's 50th anniversary from the start of service, Part 2b | Lessons learned: Proposed expansions and the Metrorail system we don't have," 2026).
It does with commercially zoned land, like the liner buildings along Georgia Avenue, plus industrial land and land at transit stations ("To Create Abundant Housing, Ignore the YIMBY Playbook," Washington Monthly). But to go beyond the liner buildings a block, the way Arlington did, hasn't been done ("How DC Densified," Works in Progress).
It shows that while the development boom in DC has been astounding, there are still plenty of opportunities for redevelopment, but Metrorail proximity is key ("Today WMATA Metrorail's 50th anniversary from the start of service | Part 1: many lessons can be found, if you look," 2026).
This makes DC's failure to leverage streetcar service for the forthcoming redo of the RFK campus into a mixed use development anchored by an NFL football stadium, all the more apparent ("Bye DC Streetcar | Too small to reshape DC policy, Big enough to spur $1 billion in economic development,").
With the streetcar, DC's H Street NE is the most intensely developed corridor without immediate Metrorail access (although Union Station is nearby).
It was proof positive that the city needed to put streetcars on Georgia Avenue-7th Street NW/SW connecting to the Wharf, Rhode Island Avenue, Benning Road-Minnesota Avenue, Martin Luther King Jr. Avenue/Southern Avenue SE, and Kennedy Street-Riggs Road to spur development by providing better transit access between Metrorail stations, but as a way to spark development more.
For some reason, DC's elected officials still don't accept that Metrorail is the foundation of DC's economic success since 2000. Without it, the city would be provincial like, more like a state capital that isn't all that great--like Albany, New York (which loses out because people and many state government agencies prefer New York City).
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The old streetcar network used to serve the US Capitol via a couple different lines.I also suggested a heritage streetcar system with visitor centers and an expanded Union Station with transportation museum functions for the National Mall.
Labels: formula retail/chains, real estate development, real estate investment trusts, transit oriented development/TOD, urban design/placemaking, urban revitalization



























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