Just one of the four project finalists is said to remain in active negotiations with the city, which has not officially selected or announced a developer and isn’t expected to by the end of this year.
The land purchase is more than triple what a previous group consisting of some of the same developers paid for the 10-acre site a year ago.
City administrators are recommending a real estate disposition plan that calls for unloading 28 surplus parcels totaling about 55 acres to housing nonprofits and private developers.
Where the pharmacy dispensed medicines and other remedies, Thnk aims to promote personal health through a concoction of self-help services, AI tech and retail products.
Previously only rumored to be involved in the project, the e-commerce giant purchased the Rockville site for $16.5 million weeks after plans were filed to revive the development.
Formula 1, Chevy and Audi get spots produced by a local studio, a pair of Sportable alums launch a consulting firm, and a local photographer shoots images for a pedestrian safety campaign. (BizSense Pro required)
The city’s chief administrative officer since late 2020, Saunders informed department directors Friday that he will be stepping down at the end of this month, coinciding with the close of Mayor Levar Stoney’s final term.
In a letter submitted to the city Friday, CEO Marlon Levy said the health system “is amenable to working with a mutually agreeable mediator” to resolve the disputed payments that stem from the failed Public Safety Building redevelopment.
About $2 million and 670 acres separated the top two priciest area home sales in November.
The boutique hotel in the heart of Old Towne Petersburg opens today as the second iteration of the original Hotel Petersburg that first opened in 1916.
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