| PROJECT |
: |
Jemal's
Park and Shop Redevelopment |
| ADDRESS |
: |
Cleveland
Park Historic District, NW, Washington, DC
|
| |
: |
Sold to Federal
Realty in 1995 |
In 1991, the acquisition of Jemal's Park & Shop
gave the company another landmark project. The first
strip shopping center on the east coast, Park &
Shop had lain vacant for over twenty years and represented
a liability rather than an asset for the neighborhood.
Only one developer had the ambition, the determination,
the foresight and the diplomacy to balance the stringent
requirements of the community groups and historical
societies against the economic feasibility of this
project. Jemal's Park & Shop is both a highly
acclaimed historic renovation and a phenomenal economic
success.
|