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High End Movie Theater Planning Site Across From Rhode Island Ave. METRO

Neighborhood Watch

High End Movie Theater Planning Site Across From Rhode Island Ave. METRO

UrbanLand Company
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The massive redevelopment project in review across from The Chaplain has important new updates out in this week’s business press.  The site, currently home to big box retail, local stores, self-storage and a parking lot, is in planning to become 1,550 residential units, hundreds of thousands of square feet of office and retail, and other neighborhood upgrades that will be part of the Rhode Island Avenue METRO complex.

MRP Realty, part of the development team, has announced that a major standalone theater chain is in negotiations with the group to bring a 9 screen multiplex with table food service.This will be an 18+ an older audience unless accompanied by an adult.

The BizJournal notes that:

High-end multiplexes are proliferating in D.C. and its suburbs in chains such as ArcLight, iPic, Landmark Theatres, Angelika, Cinepolis USA and Kerasotes Showplace Icon. Angelika has already locked down a spot at Edens’ Union Market and Landmark at JBG’s Capitol Square in NoMa, so the Edgewood theater is likely one of the other four, or a new player.”

“The news has just been getting better and better with this huge project since it was initially announced,” said Gerard DiRuggiero, Principal Broker at UrbanLand Company. “It’s been fabulous being right across the street from this site with our Chaplain condo project. Developers and residents are really behind this neighborhood; we’ve had a flow of savvy buyers at The Chaplain and are down to our Final Four luxury residences in the building. The arrival of this much new retail and entertainment next door is only going to drive up the values of surrounding properties.”

More info on The Chaplain is available at Email or call  202.299.9223 for assistance.

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