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 On February 15, the Gotham Organization, one of the development partners for the DC USA retail project, issued a major press release to kick off the start of construction on the biggest retail development project in the District. It provides the most comprehensive information about the new DC USA retail project that we have seen to date.
You can read the full press release from Business Wire, Construction Financing Closes for DC USA.
Gotham Organization has confirmed lease signings with several retailers:
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"The three-level complex will be anchored by a two-level 180,000 square foot Target store, the first in the District. Other anchor tenants with signed leases include Bed Bath & Beyond, Best Buy, Marshalls and Staples. There will also be a 40,000 square foot Washington Sports Club complete with a swimming pool and a regulation-sized basketball court. Other smaller specialty retailers who have signed leases include Lane Bryant, Radio Shack, Caribou Coffee, The Vitamin Shoppe, Mattress Discounters, Quiznos, and Panda Express. With 500 feet of frontage on both 14th Street and Irving Streets and 250 feet on Park Road, most retailers will have direct street level access to their stores. The project's design by Bower Lewis Thrower Architects of Philadelphia maximizes street-level transparency and provides for an atrium lobby entrance on 14th Street to access Target, Bed Bath & Beyond, Best Buy and Marshalls. DC USA, which is approximately 60% pre-leased, will also include 15,000 square feet of space leased to local and minority-owned businesses at below-market rates." |
For more reading, please read the follow-up articles from other major news sources:
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