In summer of 2007 the property was vacated, fences went up and the new advertisements proclaiming the arrival of the monstrous mixed-use facility were up and running. Throughout 2009, several local news outlets reported on the acquisition of several city owned parcels adjacent to the lot, an old apartment complex was demolished...things were moving along quickly. However, just as fast as the project seemed to be moving forward it suddenly came to a screeching halt. As the economic state of the country became more uncertain, so did the economic future of the Ft. Totten Square project.
Enter today, almost a full year since planned ground breaking and the massive lot sits vacant...ignored. After speaking with Ward 5 Neighborhood Planner Deborah Kemp regarding the construction near the site, it was revealed that "The developers (Lowe Enterprises) have had difficulty getting financing during this challenging economic times. The equipment and activity that you see is related to the reconfiguration of the intersection at Riggs Road and South Dakota Avenue." Further evidence was recently made available online through real estate broker Cassidy Turley's website, where the following is stated:
"Cassidy & Pinkard Colliers is seeking an equity recapitalization for the Fort Totten Square project located at the intersection of Riggs Road and South Dakota Avenue in Northeast Washington. The Fort Totten Square project represents a unique and rare opportunity to develop a successful large scale residential and retail development at a strategic Metro station location in Washington, DC. The 10-acre urban mixed-use development will include 850 residential units and 100,000sf of service retail, including a full-size grocery store. The much needed grocery and other service retail which will accompany the residential project will also serve new and pending developments by Clark, Cafritz, K. Hovnanian, and others in the immediate neighborhood. As the largest mixed-use development in the area, Fort Totten Square is a landmark project in a high-growth market that is quickly attracting large scale residential and retail development due to the significant paths of development progressing along the Red, Yellow, and Green Metro lines as well as North Capitol Street."
So as the investment group seeks to find new sources of capitol, the site sits ignored...decaying...becoming an eyesore. Rather then being the centerpiece of the new community, it is a blight that reflects poorly on the hard working and proud residents of this neighborhood.