Thursday, March 31, 2011

Construction on D Street update: New retail coming.

You may have been wondering about the construction on D Street between 7th and 8th Streets.  The old Union Hardware building has been torn down, and construction has been going on for some time.

The old Union Hardware building that is being renovated

It appears the building will still be an office building; however, there will be retail on the bottom level.  There are two retail spaces available, both about 3,500 square feet.  Retail space in Penn Quarter is hard to come by, and we'd imagine this would be valuable; though, D street is a little secluded, as 8th Street dead ends into the Navy Memorial there.  The retail space is going for $55 per square foot.

Above the possible retail space is two available office spaces.  One is slated to open March 2011, leading us to believe construction was to finish this month, but it appears it has not been completed.

New floors are being added, as well as floor-to-cieling windows.  Each floor is going to be twelve feet high and the top two floors will have private terraces.

A marketing flyer for the space (with floorplans) is available here.

A rendering of what the completed building will look like:

We expect it will brighten up a fairly dark portion of D Street.   We are looking forward to seeing what retail fills the space.

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