Thanks to a $48 million bank loan, local developer Ironwood Realty is moving forward with construction of a 163,000 square foot mixed-use building on the site, which was most-recently home to a CVS Pharmacy. Work is set to begin in the next 2-3 weeks, according to the Washington Business Journal.
When completed, the development — dubbed Garfield Park at Clarendon Village — will house 149 luxury apartment units, 20,000 square feet of retail space and nearly 300 underground parking spaces.
Ironwood is also apparently eying some sort of redevelopment of the triangular block near Clarendon Metro known as the Silver Diner block.
In addition to Silver Diner, the block is home to a large parking lot, a service station, a used car lot, the Doctors Building and another small office building.
We’re currently not sure about the extent of Ironwood’s plans on the block. A company official has not returned our phone call.