WDCEP & DMPED Conduct Retail/Restaurant Site Tour along Georgia Avenue & 14th Street
FOR IMMEDIATE RELEASE: July 25, 2012
Contact: Tiffany Thacker
Manager, Development & Communications
Washington, DC Economic Partnership
Affordability, access to Maryland and DC residents, and solid customer base cited as benefits for retail and restaurant businesses along corridors
Washington, DC – The Washington, DC Economic Partnership (WDCEP) in partnership with the Office of the Deputy Mayor for Planning and Economic Development (DMPED) conducted a retail and restaurant site tour yesterday to highlight available opportunities in the neighborhoods along two of DC’s major commercial corridors, 7th Street-Georgia Avenue and 14th Street NW. Tourists were joined by local business owners, community activists, real estate brokers, and District government representatives to aid them in finding the perfect location for their business.
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A bustling community of independently owned boutiques, restaurants and professional services, Georgia Avenue welcomes approximately 27,700 commuters by car every day and serves as a hub linking several nearby neighborhoods. A quick survey suggests more than 30 new businesses have opened along the Georgia Avenue corridor and surrounding neighborhoods over the past couple of years. Local business owners that gave remarks cited affordability, access to both Maryland and District residents, a solid customer base, and the opportunity to be a part of a neighborhood as reasons that influenced their decision to open their business on the corridor.
The tour passed through four different wards and more than 14 neighborhoods highlighting over 70 available opportunities along the way, including major mixed-use developments with opportunities for small local businesses to lease space at below-market rates. Some of the major developments covered during the tour include:
- CityMarket at O Street (1400 7th Street, NW)
- Jefferson at Market Square (1514 7th Street, NW)
- Progression Place (1805 7th Street, NW)
- Wonder Plaza (2301 Georgia Avenue, NW)
- Park Place (3700 Georgia Avenue, NW)
- Walter Reed (6800 Georgia Avenue, NW)
- 1020 Monroe (1020 Monroe Street, NW)
The WDCEP, in coordination with the DMPED, will be conducting future tours in other neighborhoods throughout the District. For more information about future site tours or opening a business in the District, contact Daour Diawara, Manager of Business Development at the Washington, DC Economic Partnership at email@example.com or 202.661.8673.
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It is the mission of the Washington, DC Economic Partnership, a 501(c)(3) nonprofit organization, to promote business opportunities throughout the District of Columbia and to contribute to business retention and attraction activities.