- 7 Beds
- 4.0 Baths
- 4,038 SqFt
- 0.06 Acres
Zoned D-1-rlot Size 2709 Sq Ftgba 6057
Located between the White House and the Capitol, DowntownDC is the commercial, cultural, dining and
entertainment center of the region and a hub for innovative and emerging technologies and competes
on national and international levels in all of these economic sectors.
Over the next five years, DowntownDC’s retail offerings will grow to position DowntownDC retail as a dynamic regional and national shopping dis-trict–growing from 630,000 to 730,000 square feet in 2014 and to one million square feet by 2017/2018. Furthermore, the residential population in Down-townDC and within one-mile of downtown has
increased by over 11,000 residents since 2009. The 26,000 people within the fifteen blocks surrounding downtown is projected to increase to approximately 52,000 residents by 2022.
CityCenterDC, the new 2.3 million square foot mixed-use project will become DowntownDC’s new epicenter when Phase I opens in early 2014. Phase I consists of 100,000 square feet of shoppers’ goods, 85,000 square feet of restaurants and food retail, and 1,550 parking spaces (750 dedicated for retail parking). As of December 2013, the announced tenants included Kate Spade, Tumi, Allen Edmonds, Burberry, DBGB Bar and Grill, and Del Frisco’s
Double Eagle Steak House. In addition, Phase I will also offer 520,000 square feet of trophy office space (anchored by the law firm of Covington & Burling, LLP), 458 apartments and 216 condomini-ums. Phases II and III will include a 350-room hotel, 560,000 square feet of trophy office space and 120,000–150,000 square feet of retail space. Comple-tion of Phase II and III is projected in 2017/2018.
In June 2014, the new 1,175-room Marriott Marquis Hotel will open as the official headquarters hotel for the city’s Walter E. Washington Convention Center. This will increase the downtown’s hotel supply by 18% to 11,140 hotel rooms in 28 hotels, and allow for a substantial increase in the 1.1 million annual attendees at convention center events.
DowntownDC is home to 141 destination restaurants in DC–the largest number of any neighborhood in DC. The success of these restaurants illustrates the consumer demand that is available to high quality downtown retailers
Employees within Downtown - 182k
Population in Downtown & within one-mile of Downtown - 41,000
Multifamily units under construction within 1 mile / 2 miles of Downtown - 3.8k/7.4k
Annual visitors to Downtown’s attractions - 9.2M
Source : Neighborhood Profiles: 2014 Edition. (2014, February 17). Washington, DC Economic Partnership, Retrieved from http://www.wdcep.com/wp-content/uploads/2014/02/np14_final_lowres.pdf
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Zoned D-1-rlot Size 2709 Sq Ftgba 6057
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Listing information last updated on July 25th, 2017 at 8:36pm CDT.