A 1.4-acre plot of land east of downtown Takoma Park has long been eyed for development. While a neighborhood food co-op has sat on part of it for 20 years, a new plan to redevelop the space envisions restaurants, cafes, a parking garage and office space.
New restaurants are opening almost every week in Washington, D.C. Famous chefs and large restaurant groups are offering more dining options, adding to existing mom-and-pop restaurants and ambitious newcomers. But, many restaurants are also closing in the face of rising rents, labor costs and competition. Are we experiencing a bubble or the normal risks of the volatile restaurant business?
- Jessica Sidman Food Editor, Washingtonian; @jsidman
- John Asadoorian Retail & Real Estate Broker, Asadoorian Retail Solutions
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