Peterson Puts Avonlea Development On Hold As It Looks For More Tenants

Peterson Avonlea rendering
A Rendering Of Peterson's Previous Plans For The Avonlea Development

Peterson Cos.' has some major plans in store for Loudoun County, but it has hit the brakes on its 28-acre Avonlea project.

The developer has begun site work, but will not go vertical until it signs a second anchor tenant, the Washington Business Journal reports.

Cinépolis has already signed on to open an 11-screen movie theater as the project's first anchor tenant. Peterson Cos.' president of retail Paul Weinschenk told Bisnow last month he expected the theater to deliver in spring 2018, but those plans appear to have changed.

Peterson is looking to find additional restaurant and retail concepts to complement the multiplex. The development is planned to include the movie theater, a 32K SF health club, a 40K SF grocery store, 123K SF of additional retail and 40K SF of office.

Also in Loudoun, Peterson is looking for more retail for the next phase of Commonwealth Center, anchored by Top Golf and iFly. The developer's long-term Loudoun County pipeline also includes Compass Creek, a 550-acre master planned community where Walmart plans to begin building a new store next year.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Distress Divide: How Private vs. Institutional Investors Are Thinking About D.C. Office

Lawmakers Punt On Stripping Approvals From 15 Projects In Data Center Alley

Hines Spends $170.5M On Mixed-Use Portfolio In Dallas' Bishop Arts District

Affinius Relinquishes Big Office Building Next To Capital One Arena

One Thomas Circle, The Elevated Workplace For The Way D.C. Works

DCHA Taps Executive Director: The D.C. Deal Sheet

The Multifamily Boom Is Putting HVAC Decisions Back In The Spotlight

Austin's Office Slump Is Fueling Mixed‑Use Projects

Gould Starts $25M East End Office Renovation, Seeks Tenants For Top Floors

Elme Finishes Liquidating With 3 D.C.-Area Sales

What It Takes To Build For A Thriving Prince William County

INSIDE THE SPACE: 8821 Preston Ct., Jessup, Maryland