Congress Heights on the Rise

Bisnow: Walmart Agrees To Pay D.C. $1.3M For Pulling Out Of Skyland Town Center

March 30, 2018 The Advoc8te

From Bisnow:

Walmart will pay D.C. $1.3M for terminating its lease at Skyland Town Center, a mixed-use development under construction in Ward 7. D.C. Attorney General Karl Racine announced Thursday the District had reached a settlement with Walmart after he sued them over pulling out of Rappaport and WC Smith's development in January 2016. The retailer had initially announced its plans to open at Skyland in November 2011, part of six planned new stores across the District. It canceled one of the planned stores, at New York Avenue and Bladensburg Road NE, in 2013. It then signed the Skyland lease in December 2014. Walmart in January 2016 announced it would back out of Skyland and Ward 7's Capitol Gateway project, part of a broader closure of 154 U.S. stores.

Discover more from Congress Heights on the Rise