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@Walker, Richard

There IS a lot of development that's happening or being talked about along Georgia Avenue near the Walmart there, but it's also in a fairly well-off area. Three blocks west of Georgia is the "Gold Coast," historically home to DC's black upper class. Within a mile of the Walmart are Crestwood, Shepherd Park and North Portal Estates, with median annual incomes around $140,000. And 16th Street Heights and Takoma are around $70-80,000, placing them solidly in the middle-class. And these conditions existed BEFORE the "gentrifiers" began moving into Petworth and Brightwood.

There's disposable income in this area, but a lot of it ends up in Silver Spring or elsewhere because the area is underserved for retail. It's not surprising that Walmart would want to locate here, but disappointing that Foulger-Pratt (the same folks who brought you Downtown Silver Spring) wouldn't see any more retail/housing/whatever potential with that property.

by dan reed! on Apr 27, 2012 2:33 pm • linkreport

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