Neam’s Property Under Contract to Roadside Development
By December 1, 2014 0 1108•
Known for its mindful remaking of historic properties, Roadside Development has the old Neam’s Market property at 3215-3217 P St. NW, also known as the Marvelous Market property, under contract.
Roadside — which is the development firm that recast the old Sears and Hechinger property in Tenleytown with retail and residential units and is set to remake Frager’s Hardware on Capitol Hill — is still in the planning stages for what to do with the closed building with a 13-car parking lot at the corner of Wisconsin Avenue and P Street, where the last Marvelous Market stood until the end of April. The legendary Neam’s Market closed in 2001.
“We don’t own the Marvelous Market property,” Richard Lake, one of Roadside’s founding partners, told The Georgetowner. “We have it under contract. We aren’t talking about plans because we haven’t formulated them completely.”
Roadside has listed the property on its website as part of its portfolio: “Prime Georgetown Retail space available. Ideally situated at the intersection of Wisconsin Avenue, NW and P Street, NW, this marquee corner location has 13 dedicated retail parking spaces. The site offers tremendous branding, visibility and unparalleled accessibility.” According to Roadside, the building space totals 5,873 square feet.
“It’s a really cool corner, and it has a lot of history,” Lake said. “Neam’s Market was on that site for years. The corner is a Washington institution. Obviously, it’s a small piece of property. We want to do something neat there, if we are able to.”
Led by founding partners, Lake, Armond Spikell and Todd Weiss, the D.C.-based Roadside also redeveloped the old market hall at 8th and O Streets into the Market at O with a new Giant food store along with a condominium and Cambria Suites hotel. It also has projects in Virginia and Maryland.