New York City-based developer Tishman Speyer has acquired a 2-acre parking lot — a square block bounded by Eye, Half, K and First streets SE in Capitol Riverfront — from Jamestown LP for $63.75 million, according to deed records.
Celebrity chef and restaurateur Mike Isabella will take the remaining restaurant space available in the Marriott Marquis Washington, D.C., opening Spanish restaurant Arroz in early 2017.
The announcement comes nearly a year after we learned Chicago restaurateur Alfredo Sandoval pulled out of a deal to open Mercadito, which would have been his first D.C.-area restaurant, in the convention center hotel at 901 Massachusetts Ave. NW.
555 12th St. NW: Two-level interior tenant buildout for incoming tenant Nordstrom Rack. The discount retailer will take 34,447 square feet, part of the space formerly occupied by Barnes & Noble. Off 5th, the Saks Fifth Avenue discount offshoot, will have a store in the same building.
REI, the outdoors retailer that will open what will be its fifth flagship store nationwide in D.C. this fall, knows its timing is less than perfect.
“It’s not our first choice to try to open a flagship in D.C. two weeks before a presidential election,” laughed REI CEO Jerry Stritzke in a phone interview. “It’s going to be a little noisy.”
785 Lamont St. NW: New construction from The Holladay Corp. of a four-story, eight-unit apartment building on a parking lot adjacent to the former Alsco plant and Linens of the Week buildings. This is only the beginning for Holladay Corp. on this Park View block. Permits are still to come for the conversion of the Alsco plant into 77 units, and for a big addition to the Linens of the Week building totaling 139 units.