Posts Tagged ‘Clyde’s’

Price of a 24-Hour Downtown Restaurant: $4.5 Million

In 2004, the city set up a $30 million pot of money known as tax increment financing—debt to be paid off by future increased tax revenues in a given geographical area—to attract large, signature retailers to the downtown core. Dollops from that pot are responsible for some of the biggest brand names D.C.'s got: $1.75 [...]

The White House Dead Zone

Jonathan O'Connell's scoop this morning that the 14th and F Street Borders would be replaced by a 35,000-square-foot restaurant includes this bit of insight from a downtown broker:
Broker Bill Miller, senior vice president at Transwestern Retail, which represents Shorenstein, said he expects the deal to rejuvenate a part of town that has been sapped by [...]