The Amazon Go concept uses cameras and sensors to track everything that customers put into their bags or shopping carts, according to a company promotional video. Customers enter by scanning a smartphone app and the items they take are charged … Continue reading →
On July 1, the DC government announced that the development team consisting of Monument Realty, Morningstar Community Development, The May Firm, and Community Housing Partners was selected out of six proposals for the development of 2 Patterson NE – a … Continue reading →
WashREIT has entered into two agreements with separate institutional buyers to sell a total of eight retail assets. The first sale agreement includes the following five retail assets: Gateway Overlook, Columbia, MD; Wheaton Park, Wheaton, MD; Olney Village Center, Olney, … Continue reading →
The Q1–2019 office vacancy rate for the DC Metro area was 12.9 percent, according to Commercial Observer. By comparison, the nationwide vacancy rate was 9.80 percent for the same quarter. More than 12 million square feet of office space was … Continue reading →
San Francisco-based Rothy’s will open a store in DC. The women’s shoe brand, which makes its products out of used materials such as recycled water bottles, brought in over $140 million in sales last year, according to CNBC. The Georgetown … Continue reading →
The 768,000sf mixed-use development at 655 New York NW incorporates 19 historic buildings and covers most of the triangle-shaped bock in DC’s Mount Vernon Square neighborhood. A joint venture between Douglas Development and Brookfield Properties, the project is expected to … Continue reading →
Blue Stripes Cacao Shop, an Oded Brenner concept which opened last June at 28 East 13th Street in Manhattan’s Union Square, intends to expand to DC, according to Eater DC. With an intended footprint of between 1,500sf and 2,000sf, the … Continue reading →
PBS, which currently occupies about 134,000sf at 2100 Crystal Drive, has signed a 15-year lease at 1225 S. Clark Street (“Crystal Gateway II”) at National Landing in Crystal City. The public broadcaster and television program distributor will transfer to its … Continue reading →
JBG Smith Properties Inc., the developer of Amazon’s future Virginia headquarters, has sold the 621,000sf Warner Building in DC to CBRE Global Investors for $375.5 million ($606/sf), according to Globest. Built in 1924, the 13-story mixed use property located at … Continue reading →
The new 12-storey, 223-unit multifamily development at 1035 4th Street, NW (307 K NW) in DC’s Mount Vernon neighborhood has 50 units set aside for grandfamilies (families headed by grandparents) making between 30 and 40 percent of the area median … Continue reading →