RSS FeedBedrock Billiards Update And More In Gallery Place
Thanks to otavio, Cheryl, and Sam for pointing us to the Washington Business Journal’s article on Bedrock Billiards! (We had to wait a week for this update because the online version of the journal lags the print version)
There is a lot of interesting info jam-packed into this one article. Here are the highlights:
- Bedrock Management, is putting together a lease at 714 Seventh St. NW with Douglas Development for 5,000 square feet in a basement that will highlight the company’s standard offerings: pool, shuffleboard and board games
- Bedrock’s space will be ready in six months
- It’s [7th St around the Verizon Center] a sizable parcel in a high-rent strip that’s commanding more than $80 per square foot
- Comfort One Shoes and Ecco are expected to open this summer
- Former Vidalia executive chef Peter Smith signed a lease at Seventh and Eye streets NW in March — after a year of negotiations — to open a modern American restaurant. We reported this earlier.
- Not much is left in the area. There’s a 30,000-square-foot parcel of retail expected to become available at Seventh and H streets NW, now home to CVS and owned by Yeni Wong. “The property doesn’t deliver for two years,” says Transwestern Commercial Services broker Bill Miller, whose company is soft marketing the space now.
- CVS may stay in the space, says Miller, who’s negotiating with the retailer. Regardless, more than 20,000 square feet will be available at $100 a square foot
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Comments
I agree. There is plenty vacant retail space left in the East End. It was somewhat sloppy reporting by Wash Business Journal. There is well over 150,000 sq. ft. of retail space that needs to be filled in the area.
Also, I would prefer to have CVS replaced as a tenant at 7th & H Sts. CVS has a big new space in the condo building nearby on H St & Mass Ave, plus there is already a CVS in the Lansburgh building at 8th and E Sts. Gallery Place and Penn Quarter deserves more retail diversity.
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I disagree that there’s not much left in the area. What about the ground floor of the old Marlo building at 7th & I? The ground floor of the new Atlantic and Ventana buildings on F street? The rest of the Woodies retail space? The space in Gallery Place under Lucky Strike? And of course, the 21,000 sq ft space just abandoned by Balducci’s. And there’s a ton of new buildings scheduled to open in 2007, all with ground level retail.
With all Douglas Development “Space Available” signs I see on my way to work, there’s plenty of room for smaller retailers and restaurants to open.