Harris Teeter, other retail storefront and apartments may be coming to W. Broad Street, after the Economic Development Authority agreed to terms to sell two lots in the City of Falls Church for $4.3 million in Tuesday night’s city council meeting.
The lots, located at 255 W. Broad St., total about 1.3 acres and Rushmark Properties LLC plans to build the space for the grocery store, retail space and residences. City council will consider the second reading and final approval of the terms of the sale at its Oct. 22 regular meeting.
"This agreement is a very positive step, and I look forward to engaging with the community and the developer to ensure the best possible project for the city," Mayor Nader Baroukh said at the meeting.
Rushmark Properties is expected to submit a land use application soon for the proposed development. Rick Goff, EDA director, said the application will include architectural plans, fiscal impact analysis, and analysis of impacts on existing city facilities, including transportation and schools.
Goff said the land use approval process includes public hearings, input from the various city boards and commissions and a recommendation by the Planning Commission prior to action by the council.
“We are pleased to have this opportunity with Rushmark Properties," Goff said. "This land sale agreement is an important step toward redeveloping the property with Harris Teeter as a strong retail anchor for the City Center area.”