Carr Properties Acquiring Part Of Kettler's 1.25M SF Market Terminal Development
The planned 10-story, 214K SF office building, with 11K SF of retail, was designed by Gensler and is expected to cost Carr a total of $135M between the acquisition and construction. It is part of Phase 1 of the major mixed-use project Kettler received Zoning Commission approval for in July.
The development's first phase is also planned to include a 453-unit multifamily building with 16K SF of retail and a 105-unit building with 9K SF of retail. Later phases could include additional residential space with retail and a potential hotel.
The development, centered around a large public plaza, sits two blocks west of popular food hall Union Market and just north of two additional mixed-use projects: LCOR's recently delivered The Edison and the under construction Highline at Union Market, a JV between Level 2, Federal Capital Partners and Clark Enterprises.
One month after Market Terminal got the green light, it was appealed in court by Union Market Neighbors, a group of activists that has appealed six approved projects in the neighborhood. The first of those appeals has been dropped, but the rest, including Market Terminal, remain in limbo.