WDCEP Achieves Success at ICSC Global Real Estate Convention (RECon)
Retail Attraction to the District: WDCEP Achieves Success at ICSC Global Real Estate Convention (RECon)
Nearly 70 Retailers Met with District Officials to Learn About Washington, D.C.’s Key Retail Hubs
May 29, 2015 (Washington, D.C.) – The Washington, D.C retail market is consistently viewed as one of the top retail markets in the U.S. This year at the International Council of Shopping Centers (ICSC) global real estate convention (RECon) in Las Vegas, the District of Columbia proved that its retail development market continues to thrive. The Washington, DC Economic Partnership (WDCEP) joined Mayor Muriel Bowser, representatives of the Council of the District of Columbia, and District stakeholders and developers at the ICSC RECon conference to present economic development retail opportunities in the District.
For three days, the WDCEP hosted a Washington, D.C. booth in the exhibition hall and partnered with well-known city developers including Douglas Development, Roadside Development, and Edens to promote a unified WeDC message that highlighted demographics of D.C.’s neighborhoods, landscape, and attributes to potential retailers. WDCEP leadership and city officials met with approximately 70 retailers ranging from restaurants, grocery stores, clothiers, specialty stores, and national retailers.
Future Retail Hubs of Washington, D.C.: Post ICSC, WDCEP just released an interactive map highlighting nine key retail hubs in the District of Columbia currently under construction as of May 2015. With approximately 1.8 million square-feet of retail space currently under construction, the map highlights the current growth underway in key areas of the District including the underserved and quickly-growing quadrants of Northeast, Southeast, and Southwest.
Map Link:
http://wdcep.maps.arcgis.com/apps/MapJournal/?appid=a342fa6dbb9d4f4caae98caea21d4616
This year marked 15 years for WDCEP’s presence at the global convention representing Washington, D.C. for retail attraction. Washington, D.C.’s presence at ICSC RECon have led to a number of national and international brands, retailers, and restaurants expanding into the District of Columbia. Key retail successes as a result of WDCEP’s efforts include Apple, Costco, H&M, Harris Teeter, Nike, and Nordstrom Rack. Since attending ICSC, D.C .is now home to 28 grocery stores, existing retailers represent 7,434 jobs, and it’s estimated that 3,546 jobs will be added to 41 future retail locations currently under construction. WDCEP’s efforts and conference presence will generate $86.3 million in annual sales tax revenue by 2018.
WDCEP kicked off its ICSC Recon presence with a heavily attended WeDC Reception at the SLS Hotel in Las Vegas, hosted by Mayor Muriel Bowser and WDCEP’s CEO Keith Sellars.
RECon is a global convention for the retail industry that provides networking, deal making and educational opportunities for the real estate professionals from around the world.
Social Media: @WDCEP #WeDC
About Washington, DC Economic Partnership (WDCEP)
The Washington, DC Economic Partnership (WDCEP) is a 501(c)(3) organization aimed to promote economic development and business opportunities for Washington, D.C. and enhance the city’s economy through jobs creation, increased tax revenues, retaining existing businesses, and attracting new businesses. The WDCEP facilitates economic development through business attraction and business retention programs and activities including site location assistance, educational seminars and workshops, networking and relationship building events, and serves as a key resource for DC economic development information. The WDCEP publishes several reports throughout the year including the DC Development Report, DC Doing Business Guide, and Neighborhood Profiles. For additional information, please visit www.wdcep.com.
Media Contacts
Julie Y. Weber
Director of Marketing & Communications
(202) 661-8679 | jweber@wdcep.com
Maurisa Turner Potts
Spotted MP (Marketing + Public Relations)
(703) 501-6289 | maurisa@spottedmp.com