Robust Residential Activity Fueling New Retail Development in Maryland/Northern
Virginia Area
Philip T. Ruxton
In the Washington, D.C., area, new housing starts remain the powerful
locomotive driving construction of new retail developments. Due to unparalleled
consumer demographics, few places in the country can match this areas
dramatic one-two combination of new rooftops and strip centers. The projects
generally arise in one of three forms:
w
Grocery-anchored: Manokeek Village Center, a 160,000-square-foot retail
center anchored by Giant Food and developed by Manekin LLC, is the prototypical
example. Situated in suburban Prince Georges County near the Charles
County line in Maryland, it is in close proximity to new single-family
\and townhouse developments and surrounded by new road systems.
w Planned Unit Developments (PUDs): These
developments consist of separate residential pods in tandem with adjacent
recreational and retail amenities that service a captured consumer group.
In Virginias Fairfax County, this is seen at Lorton Town Center,
developed by KSI. Positioned along Interstate 95 and the Virginia Rail
Express (VRE), Lorton Town Center is comprised of two components
the 130,000-square-foot grocery-anchored Lorton Marketplace Shopping Center
and the 124,000-square-foot lifestyle/service-oriented Lorton Town Center
at the VRE station.
w
Redevelopment opportunities: Rockville Pike in Montgomery County, Maryland,
is recognized nationally as the pre-eminent example of traditional retail
strip centers, providing first-tier national retailers the opportunity
to enjoy some of their highest sales volume stores. The Pike
serves more than 900,000 residents. Aging developments provide tantalizing
opportunities for redevelopment, such as Cohen Companies Congressional
Village. It was designed with high-end residential apartments and a mixture
of lifestyle retail, service retail and restaurants. The Washington Metro
area will see clones of this project in the future as smart
growth capitalizes on this regions attractive demographics.
Philip T. Ruxton handles retail site selection and leasing for NAI
KLNB in McLean, Virginia.
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