As part of the development an ancillary 8,000-sf building just outside the New York Ave. Metro station at 2nd and N St., was also erected for retail. Local entrepreneur and Washington native Khalil Ghannan will open Pound Coffee there in the first quarter of 2008. Capitol Retail Group and LeDroit Park Development Co. are handling the leasing and expect to announce additional retail leases later this quarter. It will be the first coffee shop in NoMa.
The retail leases further NoMa's goal of becoming a work-live-play area, says Elizabeth Price, president of the NoMa Business Improvement District. "The transformation of NoMa began in earnest in 2007 with more than 1.5 million sf under construction and more than three million planned in 2008," she says. "The new year will bring exciting new retail and residential opportunities to NoMa with 2,500 apartments, 300,000 sf of retail and 400 hotel rooms planned."
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
