CityCenterDC Unveils First Retailers
(WASHINGTON, D.C.) – Hines and Qatari Diar, developers of CityCenterDC, are celebrating the group of stores and restaurants to join the exciting retail lineup at the 10-acre, landmark, mixed-use development located in the heart of downtown Washington, D.C.
Several retailers have already opened their doors, including fashion brands TUMI, Allen Edmonds, Longchamp, kate spade new york, BOSS, and Burberry. Additional brands such as Hermès and Louis Vuitton, as well as others including Dior, David Yurman, Salvatore Ferragamo, Loro Piana, CH Carolina Herrera, Zadig & Voltaire, Paul Stuart, Caudalie Boutique and Spa Room, and Arc’teryx have executed leases at CityCenterDC and are slated to open in the near future.
Numerous high-end restaurants are also joining CityCenterDC: Daniel Boulud’s DBGB Kitchen and Bar as well as Del Frisco’s Double Eagle Steak House both opened in September, Mango Tree by Richard Sandoval is targeting a December opening, while David Chang’s Momofuku and renowned Mediterranean restaurant Fig & Olive are slated to open in 2015. In addition, D.C. chef Amy Brandwein will open Centrolina, an Italian restaurant and market, Violeta Edleman and Robb Duncan will open local favorite Dolcezza gelato and coffee house, and pastry chef Meredith Tomason will open her first brick and mortar, RareSweets.
Hines and Qatari Diar expect to announce additional store and restaurant commitments in the coming months.
“We are proud to welcome each of these significant brands to the roster of retailers and restaurants at CityCenterDC,” said Howard Riker, managing director for Hines. “The stores within this world-class lifestyle destination will benefit from CityCenterDC’s built-in residential and office population, the millions of visitors to our nation’s capital, and the ever-strengthening local and regional populations. These recognized brands also address the need for additional shopping and dining options in the downtown D.C. market, and we are pleased to be able to fulfill this demand.”
Since CityCenterDC’s inception, it has been the District and development team’s objective to provide a critical mass of retail space at this central Downtown location that would provide an amenity to residents and daytime office workers and also appeal to regional and out-of-town visitors. When all phases of the project are completed, the CityCenterDC retail component will include over 60 apparel stores, restaurants and cafes in approximately 300,000 square feet with extensive street frontage and dynamic storefronts. Engaging public spaces will host seasonal programming and events that will complement this retail activity and other Downtown D.C. attractions.
CityCenterDC has already realized tremendous success, having leased 95 percent of its office space, sold more than 85 percent of its condominium residences and leased more than 80 percent of its apartments.
# # #
CITYCENTERDC (www.citycenterdc.com) is a unique, pedestrian-friendly, 10-acre mixed-use development, located in the heart of Downtown Washington on a 4.5-block parcel bounded by New York Avenue, 9th, H and 11th Streets, NW. Foster + Partners, an international studio for architecture, planning and design based in London, served as the master-plan architect and the design architect for the office and for-sale-housing components. Shalom Baranes Associates, P.C., a Washington-based architectural firm, served as the associate master-plan architect and the design architect for the residential rental component. The initial and largest phase of the project contains approximately 191,000 square feet of retail space featuring a unique mix of local, national and international retail brands and restaurants with extensive street frontage. A critical mass of tenants have committed to the project. In addition, the project encompasses 520,000 square feet of office space, 458 rental apartment units and 216 condominium units, a 1,550 space parking garage, a public park, a central plaza and pedestrian-oriented streets and alleyways. Construction of the Conrad Washington, DC project at CityCenterDC, a 370-room luxury hotel with 70,000 square feet of additional retail space, will commence in the third quarter of 2015.About Hines
HINES is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,283 properties representing more than 516 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 378 properties totaling 151.9 million square feet, which includes 84.3 million square feet for third parties. With offices in 111 cities in 18 countries, and controlled assets valued at approximately $25.2 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information.
About Qatari Diar
QATARI DIAR Real Estate Company (QD) was established by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar. Its purpose is to support Qatar’s growing economy and to coordinate the country’s real estate development priorities. With over 49 landmark projects underway in more than 29 countries, QATARI DIAR is committed to its vision of promoting a better quality of life for the people of Qatar and around the world by creating distinguished developments on a grand scale, incorporating best practice in industry standards. The Company aims to create and manage property investments and developments which comply with the best international standards and strongly reflect local culture and values. As a result, QATARI DIAR’s projects deliver a sustainable social, economic and environmental benefit to the community. Visit www.qataridiar.com.
For more information, contact:
Hines – George Lancaster – 713-966-7676