World Bank Group

Developer details plans for Williamsburg Shopping Center

Developer details plans for Williamsburg Shopping Center

A Bethesda-based company has big plans for an area of Williamsburg that has under-performed in recent years.

Michael Jacoby, CEO of Broad Street Realty, spoke to dozens of people Tuesday at a roundtable hosted by the city’s Economic Development Authority.

Broad Street made its first purchase in the Historic Triangle area when it bought the Williamsburg Shopping Center in January for $13.3 million.

It owns similar retail properties in Virginia Beach, Baltimore and Washington, D.C. Developers hope to entice a boutique hotel or select service hotel into the property it is calling Midtown Williamsburg.

The company is also in talks to buy the Monticello Shopping Center,...

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