Photo via International Association of Firefighters Local 36

Frager’s Hardware will return to its original location thanks to a newly inked deal that also brings 40 to 50 condos and two other spaces for retail.

The sale of the plot on Pennsylvania Avenue SE, first reported by Urban Turf, closed today. Perseus Realty and its development partner Javelin19 will call the project “1101 Penn.” Frager’s has signed a 25 year lease, and the other two retail spaces have not yet been filled.

Frager’s original building was destroyed in a four-alarm fire in June 2013. A previous plan to have company Roadside Development rebuild the property was scuttled after the two parties could not reach an agreement on the conditions of the site.

Currently, Frager’s is operating out of 1317-1323 E Street SE and 1230 Pennsylvania Avenue SE.