Commercial strips far from Metro stations are struggling. Could "transitional retail" be the answer?
Posts Tagged ‘retail’
The American and Qatari developers of the downtown CityCenterDC complex announced today that they've finalized a deal to bring a luxury hotel to 10th Street NW and New York Avenue.
Houston-based Hines and Qatari Diar, the real estate development arm of the Qatar Investment Authority, will build a 370-room luxury hotel and 70,000 square feet of retail at [...]
Don’t tell Josh Hermias there’s nothing new happening in Georgetown. The neighborhood may feel established, the economic development director of the Georgetown Business Improvement District says, but it’s experiencing its own boom along with the rest of the city. To wit: There are 21 residential units currently under construction in the neighborhood.
Of course, Hermias lays [...]
Last month, I asked if CityCenterDC, the mega-development on the former convention center site downtown, was becoming D.C.'s Rodeo Drive. The announced retailers at the time were high-end bag store Tumi, high-end bag store Kate Spade, high-end bag store Longchamp, high-end shoe store Allen Edmonds, and high-end checked-beige clothier Burberry.
But wait: There's more!
Today, Jonathan O'Connell reports [...]
My column this week looks at the efforts of community members living around Kennedy Street NW to bring retail to the corridor, one of D.C.'s longest commercial strips that doesn't actually have a lot of commerce right now. The street, like many once-vibrant areas in the District, suffered mightily during the 1980s crack epidemic and [...]
On a recent Sunday afternoon, hope was in the air on the 700 block of Kennedy Street NW, and it bore the unmistakable scent of spray paint. A graffiti artist was filling the wall of an alley with a composite landscape of global wonders. The Eiffel Tower and the Washington Monument loomed over Egyptian and [...]
First came the bag stores. The upscale luggage shop Tumi was the first announced retailer at CityCenterDC, the mixed-use development by Houston-based Hines Interests that's nearing completion. Then came high-end handbag store Kate Spade, followed by high-end handbag store Longchamp. Also arriving is Allen Edmonds, which sells men's shoes in the $300 range. And Michael Neibauer reported [...]
Vendors at the St. Elizabeths Gateway Pavilion have scored what most of D.C.'s retail tenants can only dream of: free rent.
But the deal seems a little bit less sweet if you consider the rent the city was initially planning to charge them, just $1 a month.
The Gateway Pavilion opened in the fall as a way [...]
The sixth-anniversary annual luncheon of the Capitol Riverfront Business Improvement District, held this morning, was a festive occasion. The event took place in the PNC Diamond Club of Nationals Park, overlooking the empty baseball diamond, and BID president Michael Stevens trumpeted the revitalized neighborhood's many recent accomplishments. Guests received a copy of the 2013 Capitol Riverfront [...]
The District has awarded grants totaling $2.1 million to 29 D.C. small businesses, Mayor Vince Gray and Deputy Mayor for Planning and Economic Development Victor Hoskins announced this afternoon.
Grants of up to $85,000 were available, according to the website of the Great Streets Small Business Capital Improvement Program, whose aim is to “stimulate small business creation, expansion, [...]