Retail Development Highlights

Construction on the Harman Center for the Arts, located at 620 F Street, NW, got underway in November 2004 while 1150 K Street is scheduled for completion on February 15.

The new Harman Center will house an 800-seat venue that will serve as the new home for the Shakespeare Theatre. The project is 180,000 sq. ft. in total, with 60,000 sq. ft. for entertainment and 120,000 sq. ft. of office space.

The 11-story office tower will house the Shakespeare Theatre and other performing arts groups on the first five floors above grade and one level below grade. The International Union of Bricklayers and Allied Craftworkers will occupy the building’s top six floors.

The office space is expected to deliver in December 2006, with the theater opening in 2007. CarrAmerica Urban Development LLC and The Shakespeare Theater are the developers for the project. Architects for the $77 million project are Diamond & Schmitt Architects Inc. and SmithGroup.

1150 K Street is a new condominium development at the intersection of 11th and K Streets, NW is scheduled for completion on February 15, 2005. The 14-story project includes 130-units of luxury condominiums, four levels of underground parking and approximately 3,424 sq. ft. of ground-floor retail.

The condominiums range in size from 500 to 2,000 sq. ft. and are priced from $300,000 to $1.4 million. In just four months on the market, the condominium units are nearly 50% sold. Retail opportunities are still available and for more information, contact Ronald Walton at (202) 974-0408.

Walton Companies, which has owned the site for 20 years, is the developer, and Brennan Beer Gorman Monk are the architects. The estimated cost for the project is $28 million.