Kettler has submitted plans with the District for a massive development in the red-hot Union Market neighborhood.
The McLean-based company has proposed a development named Market Terminal for a nearly five-acre site located less than two blocks west of Union Market. Plans call for four new residential buildings with 975 units, 67k SF of ground-floor retail, two office towers totaling 303k SF and two new public parks, the Washington Business Journal reports. The site is currently home to several warehouse properties, only one of which is owned by Kettler, which has received authorization from the other warehouse owners to move forward with its plans.
Kettler is the latest company to submit development plans for the burgeoning Union Market area, which has been tabbed as a hot neighborhood of the future. The future may be now with several projects in the pipeline or proposed, including a $450M mixed-use development recently proposed by JBG and Gallaudet University. [WBJ]
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