A developer has purchased Silver Spring’s City Place Mall with plans to renovate it.
Petrie Ross Ventures LLC didn’t disclose what it paid for the mall, which has recently struggled to attract the shoppers patronizing retail projects just across the street and down the block.
The 15-year-old shopping center underwent a $4 million makeover in 2004 but hasn’t been able to keep up with renovations in the surrounding area, which now boasts a new cinema, Starbucks, restaurants and shops.
The Annapolis developer, which co-developed Annapolis Towne Center at Parole, said it is eager to renovate the mall.
The developer declined to reveal any other specifics.
ZPizza, a gourmet pizza chain from Newport Beach, Calif., is continuing its expansion in the Northern Virginia area with new local franchisees.
Jose Gomez and Michael Borostovik intend to build three locations in Northern Virginia, according to FranSmart, the Alexandria firm helping to franchise the chain. Thirty-seven other locations are under development in the state. Thirteen locations are already up and running in Maryland and Virginia.
Mr. Borostovik said the business partners have purchased franchise rights for the Virginia towns of Bristow, Warrenton and Culpeper, with plans to open the first restaurant in Bristow by March.
“Pizza is very popular in the Northern Virginia area, but ZPizza has a little different concept,” Mr. Borostovik said. “Their pizza is healthier. They use a premium dough and low-fat cheese, and they also have a large selection of toppings.”
In other retail news …
c Agraria, the farmer-led restaurant in Georgetown, plans to open a second location next year in the International Monetary Fund headquarters building on Pennsylvania Avenue Northwest.View Entire Story
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