Tuesday, May 1, 2012

Waterfront Station Sale Runner-Up


As mentioned in this week's Washington Business Journal (subscribers only) the sale of Waterfront Station from Waterfront Associates to USAA Real Estate Co. was a runner up in the WBJ's Best Real Estate Deals of 2011. While the news on its own probably isn't of much interest, the last sentence in the description of the sale potentially is:
The sale, for about $557 per square foot, marked one of the highest per-square-foot sales in Southwest and also positioned Waterfront Associates to continue with plans to develop future phases of Waterfront Station.
In addition to the sale of the completed office buildings, the former EPA buildings were sold to Urban Atlantic in 2011, which began construction on Sky House I Apartments in February with the second building to begin later this month. Now flush with cash, perhaps Waterfront Associates may decide to move forward soon with new construction on one of their three remaining lots? There's been some chatter recently that the next phase of Waterfront Station (aside from Sky House Apartments) will begin in 2014 on the northwest parcel (slated for office or residential), followed later by the southwest and southeast parcels as office buildings. The District owns the northeast parcel and has not indicated when it will solicit a RFP for development. 

While the completed office buildings are 100% leased to the District government and the urban lifestyle Safeway reportedly has the most points of sale of any Safeway on the eastern seaboard, there are still four vacant retail spaces on the ground floor. There's a 1,230 SF space available in the 1100 building and three spaces in the 1101 building (2,952 SF, 1,172 SF, and 4,130 SF).  The property manager said there are no specific types of retailers they are targeting, but according to the most recent blog poll, readers would most like a dive bar, a hardware/garden store, or a fast-casual restaurant.  What specific retailers would you like to see at Waterfront Station? 

13 comments:

HRH King Friday XIII, Ret. said...

Fro-yo!

Carol said...

I"d like to see a Pete's A-pizza or something similar -- a casual spot that has great food and serves beer and wine. And they could deliver me pizza!

joe said...

A Pete's or Manny and Olga's would be nice, so would a neighborhood pub. I could take or leave a fast casual place, but what I'd really like is good Chinese or Indian take-out in the neighborhood.

KAG680 said...

Southwest has one of the best Indian takeout restaurants in the city (in my humble opinion) - Lucky Kabob. The price is more than reasonable and the food is addictively delicious. Free delivery in SW too.

Unknown said...

Please, Please, Please bring us a small True Value Hardware store. Everywhere I turn in SW, people are doing renovations. But we have to drive all the way up to Mass Ave or out to the Depot on Rhode Island Ave to pickup supplies.

A small DC Sports / Bike Store / Repair Shop would be awesome too. I see more and more joggers on the marina wall and the folks on the Fort are always working out. We have tons of athletic and recreation spots in SW + Haines Point but no sporting goods retail...

Another idea would be a Container Store. The stores up near the Tenley Metro stop would be a great model for waterfront station. Many of the small condo and coop units are turning over and people are looking to maximize the use of small square footage. A euro style loft design gallery / furniture store like those over in G-Town would be a great addition (CB2 / West Elm).

I have to second that on the Lucky Kabob comment. It is ridiculously good.

Stacy said...

Yes, a bike/hardware store would be great. I'd love it if the folks in Foggy Bottom across from the Trader Joe's opened a second location in SW.

Also, a Great Clips, Hair Cuttery, or something similar where a woman can get a sub-$20 cut. Bonus points if it also does nails and waxing.

Thanks to all who gave good reviews to Lucky Kabob--I've always wanted to try it and now you've got me convinced!

Carol said...

I'll add one more to the fantasy eatery game -- Cheesetique has expanded within the past year; maybe they'd want to do so again. And yes thanks for the lucky kabob info -- lived here five years and had no idea. I don't know about anyone else, but I've taken to emailing stores and restaurants i like -- local ones anyway -- and telling them that we're retail-starved down here. Hasn't worked yet ...

olivia said...

Food: Noodles & Company, Squisito Pizza & Pasta, White Tiger (Indian), Joss Cafe & Sushi Bar

joe said...

I had no idea about Lucky Kabob (well, I've walked past and it didn't impress me enough to try it), but given the good review above I'm going to give it a try this week. Kind of off topic, but since I'm relatively new to SW (moved down from Columbia Heights 3 months ago), any other neighborhood gems I'm missing?

Stacy said...

@joe, I like cantina marina (more for atmosphere than drinks, and more for drinks than food!) and you might enjoy the Maine Ave. fish market. I keep meaning to try the bbq cart at 7th street landing--i used to catch the circulator by where he was working (at his old location) and it smelled amazing! If you'll cross south capitol street, I enjoyed trivia night and the food at Justin's, and I'm a sucker for the Shake Shack custard and the box frites with rosemary dip in Nats Park. A bunch of good-looking restaurants are coming to the Foundry building near the baseball stadium too.

Frankly, there aren't that many places to eat in SW compared to other places like Columbia Heights, but I still think it 's a great place to live (and easier to save money than if I walked by a bunch of shops and restaurants all the time!).

Caity Rose said...

bar, or a pizza joint. but actual good pizza..not DC pizza. Although, i'm moving out of dc in less than a month so it won't matter, but I am excited to see SW progress and prosper. Think small businesses! Support local business owners instead of chains like subway :D

taoofkate said...

I think a dive bar or neighborhood tavern would be great - preferably not a chain...

The hardware store/bike ship/sports retailer would also be very useful!

Fingers crossed!

Community Economic Development said...

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