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Kingsdale Shopping Center: Vacancies are few as redevelopment project approaches
ThisWeek group
Nearly two decades after experiencing more than 50% vacancy rates, Kingsdale Shopping Center is thriving and in line for a major redevelopment.
Ahead of Upper Arlington City Council’s Nov. 30 agreement to move toward a tax-increment financing deal with Continental Real Estate Cos. for the redevelopment of the former Macy’s property at Kingsdale, Councilmen Brian Close and Jim Lynch said the proposed project was needed to bolster the vitality of the center.
Close said recent turnover at the center raised concerns about it “taking a step back,” and the Continental project would provide it with a “shot in the arm.”
UPDATED: Macy s TIF agreement moving forward after Upper Arlington school board approval
ThisWeek group
Upper Arlington City Council will seek a tax-increment-financing deal to allow Continental Real Estate Cos. to forgo upwards of $17.25 million in property taxes to redevelop the Macy’s site at Kingsdale Shopping Center.
City Council members working with Upper Arlington administrators say the arrangement is necessary to proceed with the kind of development the city wants and to potentially land a favored place to build a community center.
The deal could be approved in January. It would allow the developer to use money otherwise earmarked for Upper Arlington Schools to construct a parking garage and other infrastructure.
other numbers have that at 35 and smeco is down to just over 200 customers. virginia dominion power is thanking canadian crews. the president of hydro one will be in virginia to meet with virginia dominion power. the meeting is set for 6:30. in all, virginia power has restored service to 95% of the 1 million customers whose service was disrupted by friday s storm. federal government offices are open, but employees can opt out for unscheduled leave or unscheduled telework. only two d.c. public schools are closed today. they are ferebee hope and winston. montgomery college is closed. montgomery county public schools will release a full list of closures at 6:00 this morning. in fairfax county, eight schools still closed. they are annandale terrace element raeyt school, beech tree elementary, spring hill, mantua elementary school, and as well, stuart high school, wakefield forest elementary school, westlawn elementary and dunmory center. we ll have a full scroll at the bottom o