Neighborhood Retail Opportunities Released
Attracting Retail to the District’s Neighborhoods
Contact: Candace Tiana Nelson
Manager of External Affairs
May 17, 2007
Washington, D.C.—The Washington DC Economic Partnership today is pleased to announce the release of its 2007 Neighborhood Retail Opportunities book, which identifies more then 6.6 million square feet of new retail space currently under construction or in the development pipeline. The book is a significant component of the Fenty Administration’s push to recapture the more than $1 billion District residents spend on retail goods in the Virginia and Maryland suburbs.
“There is an enormous appetite for new retail in the District,” said Mayor Adrian M. Fenty. “We’re striving to make the District a world class city and to be that, we must be a world class retail destination. Our residents have significant buying power, but frankly, there is still a lack of quality restaurants and stores in many of our neighborhoods. This book is exactly the kind of tool that will help retailers understand the strengths and spending power of our city neighborhoods.”
First published in 2001, this year’s book provides key demographic and economic data on more than 200 retail sites in the District and includes dozens of maps and detailed project descriptions. The District’s current retail pipeline is more than double the size of all the retail space at Tyson’s Corner and Tyson’s Galleria combined.
“Our organization has tracked the more than $51 billion development dynamic that is shaping the District of Columbia,” said Steve Moore, president and CEO of the Washington Economic Partnership. “This publication is one of the ways we can share our vast collection of development data not only with District residents and businesses but the national marketplace.”
The Economic Partnership prints two other publications annually – Neighborhood Profiles, which was released the first week of March and The DC Development Report, which Volume 6 is scheduled to be released in November.
Copies of the 2007 Neighborhood Retail Opportunities are passed out at various events in the District. Copies are also available in the Deputy Mayor’s Office for Planning and Economic Development in the John A. Wilson Building, 1350 Pennsylvania Avenue, Suite 317, and also at the Washington, DC Economic Partnership, 1495 F Street, NW.
The WDCEP is a 501(c)3 non-profit, public/private partnership dedicated to promoting business opportunities throughout DC and contributing to business retention and attraction activities. For more information visit www.wdcep.com/about.