This week brought news that a restaurateur will bring two or three new restaurants to The Wharf, but another operator has chosen to not move forward with plans for one there. The WBJ reported earlier this week that in addition to opening an Asian restaurant serving Filipino cuisine, Cathal Armstrong has a letter of intent to open a distillery and was in discussions to operate a rooftop lounge at the InterContinental Hotel. Although the article didn’t say where the distillery would be located, one is planned at the Municipal Fish Market. The Filipino restaurant and distillery would open in 2018 while the lounge would open by 2017.
Meanwhile, the WBJ reported later in the week that chef Robert Weidmaier of RW Restaurant Group decided against opening a restaurant at The Wharf. From the article:
“The RW Restaurant Group made the decision to no longer open a new establishment at The Wharf in 2017 based on the competitive restaurant climate in D.C.,” said [RW Restaurant Group COO Frank] Schull. “Our decision was fully understood and we left on amicable terms.”
In other Wharf news, the first phase of development was financed with $400 million in construction financing and $145 million in TIF/PILOT bonds, according to a press release.
Sales began at 525 Water Street condos last month where 30 units were released for sale with prices ranging from the $400s for 1BR units to the $900s for 2BR/Den units. Condo sales at VIO began over the summer – all 25 units in the initial release have been reserved. The next release at VIO won’t occur until sometime in 2016. The sales center for both condo buildings is located at the former Channel Inn at 690 Water Street.
Renderings courtesy of Hoffman-Madison Waterfront