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Real Estate Bisnow
   
January 17, 2013  
 
 
 
WorkSpaces (Left1) DCRE
Everyone's Talking
About... Merrifield?

Sustainable Building Partners offers rigorous technical analysis and creative problem solving. Informed thinking and a responsive, collaborative approach will find better solutions for your project. Click here.

 
A drive through Merrifield in NoVa once meant navigating potholes while passing a smattering of small businesses and big box chains. But Fairfax County’s plan to make Merrifield a walkable, mixed-use destination is coming together. (All potholes have been converted to Olympic-sized swimming pools.)
 
Nick Gregorios, Tom Kiler, Dave Millard

We snapped Avison Young's Nick Gregorios and Dave Millard (flanking EDENS VP Tom Kiler) on the balcony of the 72k SF office building at Mosaic, which EDENS developed. The trio tells us the mixed-use project is filling up its 600k SF of retail with unique national and local brands. The glass structure in the background is Angelika Film Center & Cafe, a boutique theatre from NYC’s SoHo that caters to adults with wine, high-end food, independent films, and red-carpet premieres. (Forget 3-D. See Les Miserables drunk and full and really feel like you're part of the movie's French upper class.)

 
DFS Construct Intext
Nick Gregorios

Nick touts Mosaic’s office ceiling heights (minimum of 10 ft) and mostly column-free floor plates. They’re hoping competitive lease rates at $39 to $41.50/SF will attract creative firms, especially from the R-B Corridor. There’s also 1,000 residential units, including apartments and urban townhomes. And EDENS plans to provide a shuttle service for office tenants to nearby Dunn Loring Metro. Development around the station includes 628 residential units, 75k SF of retail, and a 50k SF Harris Teeter. Fairfax County got involved by widening Gallows Road and Lee Highway, the 495 express lanes, and the extension of Eskridge Road to Rte 50.

 
LF Jennings (Oct) MDCRE
Mosaic office building

The coolest feature might be in Mosaic's Target: there's a parking deck with digital displays of available spaces. (We did it, Science!) Mosaic’s Target (not pictured), which opened in October, isn't the typical design. In addition to the garage, it's outfitted with high-end design features like wood panel embellishments. Those unique brands we told you about earlier? Some are opening their first DC-area location at Mosaic, including Addison, Courage. b, and Alex & Ani. Mixed in are local retailers like Ginger, Bellacara, and Amythest. Tom tells us District Avenue, Mosaic’s main retail street, was intentionally made narrow so shoppers could easily cross from one side to the other.


Schmoozarama!
Dennis Dench, Dany Abi-Najm, Susan Hasten
350 joined us last night at Fujimar for Bisnow's Back to Business Schmoozarama, including Lebanese Taverna president Dany Abi-Najm (flanked by Lessard Design's Dennis Dench and Susan Hasten of RP3 Agency). Dany tells us his Woodley Park location was fully renovated in October.
 
Peter Mallios, Khaliah Hall
We also caught up with Summit CRE's Peter Mallios (with CityDwellers' Khaliah Hall) who says he just closed a new lease for the old Ruby Tuesday space in Tenleytown, where a new restaurant named Firelake Grill will open in two weeks.
 
Christina Tasho, Pamela Parsons, Andrew Tucker, Trish Donnally
ForrestPerkins' Christina TashoPamela Parsons, and Trish Donnally flank Vedder Price's Andrew Tucker.

Young CRE Pros Gather
 
Joe Duffy, Christina McEnroe, Phil Dickinson, Tracey Lawhon
Bisnow's intrepid cameras also crossed town to Glover Park last night to stop by a young CRE professional event at Town Hall, set up by WRIT's Phil Dickinson and Bognet Construction's Tracey Lawhon (right). They were joined by Colliers' Joe Duffy and VOA Associates' Christina McEnroe.
 
Jennifer Brody, Andrea Murray, Phil Brady, Mary Catherine Lawhon
Also spotted: Cresa's Jennifer Brody, JBG's Andrea Murray, Studley's Phil Brady, and OTJ Architects' Mary Catherine Lawhon.

Prutting Joins JLL
 
Bill Prutting
Veteran investment sales pro Bill Prutting has left CBRE for JLL's Capital Markets group as managing director effective yesterday. His investment sales forecast: Bill says with the amount of capital available for use in the DC region, trades will pick up as early as Q1 2013.

On The Grid

 

Even in the haute environs of NYC nightlife, DC real estate is a hot topic of conversation. At Lavo on West 58th this week, we joined financier Simon Ziff, left, with Grid Properties' chief investment officer Steven Sterneck, standing, and managing director Scott Auster. Grid was behind DC's largest retail development: the 890k SF "DC USA" that's been a cornerstone in the revitalization of Columbia Heights and which is also the reason you can shop at Target, Best Buy, Bed Bath & Beyond, and Staples all under one DC roof. 


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If you've heard weirder news than the Manti Te'o story, we'd like to hear it. Email chris.baird@bisnow.com
 
 
 
Sustain Bldg (GEN)
 
DFS Construct 1-2
 
WS (Barcelo) DCRE
 
AmeriJan (Innovative) DCR
 
Chance4Life (Feb16) DCRE
 
RMA (Bizmen3) DCRE
 
NewAcre (300k) DC
 
Currys (NeverWorry2) DCRE
 
Bisnow (Tysons) DCRE
 
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