Takoma Park News
by Roz Grigsby

A tower crane rising from the depths of the muddy excavation site is a sign that work is underway again at Takoma Central, the long-awaited development at the corner of Carroll Street and Maple avenue on the Takoma Park/Takoma, D.C. line. With the arrival of heavy equipment and a load of steel I-beams, one of the most visible  developments in the Takoma area seems to be back on track. 

Washington Post 
by Clinton Yates

Abinet Birrratu, a student at a nearby Strayer campus, stops in for a snack at Takoma Bistro, in Takoma Park, Maryland, on Tuesday, March 5, 2013. At right, Katrina Browne enjoys the quiet ambience of the restaurant. A new Busboys and Poets Restaurant will bring more dining options to the neighborhood which straddles the DC/Maryland border. (Photo by Nikki Kahn/The Washington Post) (Nikki Kahn - THE WASHINGTON POST) Looks like Andy Shallal has struck gold. The owner of Busboys and Poets, the highly successful chain of Washington

Washington Post Capitol Business Blog
by Jonathan O'Connell

Shortly after Andy Shallal opened Busboys and Poets on 14th Street NW in 2005, he said he began receiving a stream of e-mails and phone calls from residents of the Takoma neighborhood of D.C. and its Maryland neighbor, Takoma Park, a neighborhood long known for its counter-culturism.

Would Shallal, an Iraqi-American whose opposition to the invasion of Iraq helped put Busboys on the map, consider opening a location there?

The e-mails never stopped, and on Tuesday, Shallal decided that he would answer them by signing a lease to open a 6,500-square-foot Busboys in a new retail-and-apartment project 

Silver Spring Patch
by Whitney Teal

It's not Montgomery County, but the just-announced Busboys and Poets location in the Takoma  neighborhood of Washington, DC is almost as good.

(Don't hold your breath for a closer location, either—owner Andy Shallal said he is too peaceful to  open up shop in Silver Spring.)

The popular Washington, DC-based eatery just leased 6,500 square feet in Takoma Central, a  mixed-use development at the corner of Carroll and Maple streets, according to a release from  Federal Capital Partners and Level 2 Development, the developers of the $36 million rental-retail-restaurant combo.

DC MUD
by Kelly Matlock 

SGA Companies and Level 2 Development are finally watching construction progress at their joint residential-and-retail project at 235 Carroll Street NW in Takoma Park, a long dormant site that Bethesda-based SGA Companies, founded by Sassan (Sas) Gharai, purchased in 2004. Three years later, site prep was undertaken, including extensive environmental remediation and the removal of rusted-out oil drums left over from the former gas station and truck rental facility on site. Still, four years went by before 

Gazzette.net
By: Aaron Kraut

A long-awaited mixed-use apartment and retail development is coming to the vacant lot at Carroll and Maple streets in Takoma, just across the Washington, D.C., line from the Old Town Takoma Park business district.

Chevy Chase-based real estate company Federal Capital Partners announced on Jan. 12 they acquired the $36 million, 156-apartment Takoma Central project. Despite Takoma Park’s reputation as a haven for the type of small, independently-owned shops that line Carroll Street, leaders there said the new four-story project with 8,000 square feet of ground floor retail should help the area.

by Jeff Clabaugh 


​Chevy Chase-based Federal Capital Partners and D.C.-based Level 2 Development LLC have formed a joint venture to develop an apartment and retail project near the Takoma Park Metro station.

The companies say the mixed-use project, called Takoma Central, will have 156 apartments and ground-floor retail. The project is at 255 Carroll St. NW. Federal Capital Partners estimates the cost of the project at $36 million.

Phase 1 construction has already begun, and Phase 2 will begin later this year, Federal Capital Partners says.

"Takoma Park is a high barrier to entry, metro market with little to no new apartment supply projected in the future," said FCP's vice president of residential development, Wade Casstevens. "We believe Takoma Central will enhance the village environment that distinguishes Takoma Park from other D.C. Metro station communities."

The project is expected to be completed by the end of 2013.