DC Development Report

Sector: Retail

DC’s retail sector is thriving, with frequent new openings along the city’s many retail corridors and beyond. Retailers have been capitalizing on DC’s robust population growth and strong consumer demographics.

2017 Taxable Retail & Restaurant Sales

Retail Deliveries in 2017

Square Feet

Population Growth

2010-2017 1

New Grocery Stores

Since 2000 – 6 more in the pipeline

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[{"data":[323849,570488,293481,439607,911182,262547,239150,265276,301840,641008,1025739,739277,1046975,584690,420467,568980,592832,0,0],"name":"Groundbreaking"},{"data":[324830,347229,369208,711923,294603,378658,867131,265943,330700,312345,314324,1041942,690259,482626,749671,637469,531477,723987,519747],"name":"Completed"}]

Top Retail Projects Completed (Q3 2016 – August 2018)

 ProjectWardLocationDeveloper(s)Retail SFEst. Value ($M) (1)Est. Delivery
1The Wharf (Phase I)
6Southwest Waterfront
Hoffman-Madison Waterfront
190,000
$1,326
Q4 17
2The Modern at Fort Totten
5
5180 South Dakota Ave., NE
Morris & Gwendolyn Cafritz Foundation
104,701
$135
Q3 17
3700 Penn
6700 Pennsylvania Ave., SE
Stanton Development / Eastbanc / Jarvis Company / Dantes Partners / Clark Enterprises
60,000
$227
Q4 17
4Midtown Center
2
1150 15th St., NW
Carr Properties
44,000
$350
Q2 18
5Agora
6800 New Jersey Ave., SE
WC Smith
39,000
$141
Q1 18
6Edison
51240 4th St., NE
EDENS / LCOR / Sang Oh & Company Inc.
27,410
$55Q3 17
7200 Massachusetts Avenue2200 Massachusetts Ave., NWProperty Group Partners
25,250
$200Q2 18
81221 Van
61211 Van St., SE
JBG Smith
23,585
$100
Q1 18
9Consumer Financial Protection Bureau HQ Modernization
21700 G St., NW
General Services Administration
21,596
$139Q4 17
10The Line DC
11770 Euclid St., NW
Foxhall Partners / Friedman Capital Advisors / Sydell Group
20,903
$100Q4 17
1) may include non-retail components & pipeline values may include additional phases ($ in millions)

Top Retail Projects Under Construction

 ProjectWardLocationDeveloper(s)Retail SFEst. Value ($M) (1)Delivery
11Skyland Town Center (Ph I - Block 2)7Alabama Ave. & Naylor Rd., SERappaport / WC Smith / Washington East Foundation117,000 $175Q3 20
121515 New York Avenue
51515 New York Ave., NE
Douglas Development Corporation
92,828
$27
Q4 19
13655 New York Avenue6655 New York Ave., NWDouglas Development Corp. / Brookfield Office Properties80,551 $185Q2 18
14Riverpoint
62100 2nd St., SW
Akridge / Western Development / Redbrick LMD / Orr Partners / Jefferson Apartment Group
70,441
$220
Q2 20
15Anthem Row2800 K St., NWThe Meridian Group70,000$142Q1 19
16Beckert's Park
6415 14th St., SE
Foulger-Pratt / Safeway
68,000
$138
Q1 20
17Shops at Penn Hill (Phase I)
73200 Pennsylvania Ave., SE
Jair Lynch Real Estate Partners
65,000
$15
Q1 19
18125061250 Half St., SEJair Lynch Real Estate Partners / MacFarlane
Partners
60,000$265Q4 19
19250 Massachusetts Avenue2250 Massachusetts Ave., NWProperty Group Partners58,372

$275Q3 19
20AVEC
6901 H St., NE
Rappaport / WC Smith / Lustine Realty Co.
53,469
$200Q3 19
1) may include non-retail components & pipeline values may include additional phases ($ in millions)

Top Retail Projects Pipeline (Near Term)

 ProjectWardLocationDeveloper(s)Retail SFEst. Value ($M) (1)Delivery (2)
21The Parks at Walter Reed
46800 Georgia Ave., NW
Urban Atlantic / Hines / Triden Development / DMPED
170,000
$1,000
2020 - 32
223900 Wisconsin Avenue33900 Wisconsin Ave., NWRoadside Development / Sekisui House153,000
2022
23The Wharf (Phase II)6Southwest WaterfrontHoffman-Madison Waterfront119,559$1,2002022
24Bryant Street (Ph I)5680 Rhode Island Ave., NEMRP Realty / B&R Associates LP72,0002020
25Eckington Yards
51625 Eckington Pl. & 1500 Harry Thomas Way, NE
JBG Smith / The Boundary Companies
67,264
2020
26Armature Works
61200 3rd St., NE
Trammell Crow Company / High Street Residential
42,0002021
27Saint Elizabeths East (Phase I)8Saint Elizabeths East CampusRedbrick LMD / Gragg Cardona Partners /
DMPED
30,000
$3002025
28Storey Park
61005 1st St., NE
Four Points / Perseus Realty / Buccini Pollin Group
27,313
$330
2021
29Press House at Union District6301 N St., NEFoulger-Pratt27,282
$1802020
30Waterfront Station II
61000 4th St., SW
PN Hoffman / Paramount Dev. / CityPartners / Affordable Housing Dev. / DMPED
20,807
$1572022
1) may include non-retail components & pipeline values may include additional phases ($ in millions)

2) delivery date may reflect phase I delivery or final phase delivery

1. U.S. Census
F = Forecast based on targeted delivery dates of projects under construction as of August 2017 (WDCEP does not forecast groundbreakings).