Frager's Has Sold Its Old Site to Perseus Realty LLC
Tue, 10/27/2015 - 1:50pm
Frager's Hardware has sold the site of its old location on the corner of 11th and Pennsylvania SE to Perseus Realty LLC, a DC-based developer. Under the terms of the deal, Frager's will relocate its retail operations to new development once it is constructed under a 25-year lease.
Any development of the old Frager's site is complicated by the requirements of the Capitol Hill Historic District. The deal removes that burden from store while preserving its ability to return to its old location.
"I am delighted to get back to the business of running a hardware store," said John Weintraub. "I look forward to resuming operations in Perseus's development. However, customers should know that the only thing lacking at our E Street location is the old, creaky hardwood floors."