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March 11, 2008


Next Bisnow Breakfast & Schmooze:  Louis Dreyfus Property President Jeff Sussman and DC Head Bob BraunohlerApr. 16 at BLT Steak.  Come hear about Lafayette Tower—what they hope will be the first $100/SF building in DC. Special thanks to Tishman Construction. Sign up!


Last night, retail real estate types pretty much took over the East End for soirees after the first day of the 2008 International Council of Shopping Centers "Mid-Atlantic Idea Exchange" at the Convention Center. Yes, the global confab for 50,000 comes in May in Vegas, but this little warm-up in DC for 1,900 ain't too shabby.


First stop:  Edens & Avant fete at Proof.  Above, Gap's Adam Rosenzweig, DC Economic Partnership's Keith Sellars, Gap's Michael Van Oostrom, and StreetSense's Jon Eisen. Jon says he's busy getting retail for the big Foulger Pratt/Argo Univ. of Maryland East Campus redevelopment. It'll include 420k SF retail, 2000 housing units, 100k SF office, and 200 room hotel. Keith says DC has over 5.5M SF of retail space in the pipeline. (That's a lot:  both Tysons I and II are around 2M SF.)  Keith says DC is also getting its first Wagamama—an Asian fusion restaurant going into the old Olsson's Bookstore on 7th Street.


Also at Proof: Rappaport's Bill Dickinson and Melissa Webb with PNC Bank's Dennis Hartman. Bill says the whole Rappaport contingent was at ICSC except for main man Gary Rappaport, who happened to be up in Philly teaching at ICSC's University of Shopping Centers at Wharton. Bill just got back from taking his kids to Disney, although he says his 3-year-old was "terrified" of Winnie-the-Pooh's Tigger.

Next stop:  Gallery Place Clyde's where KLNB Retail packed the house. We bumped into West, Lane & Schlager's Ezra Weinblatt and Jordan by the bar. Jordan says KLNB is working on leasing for the redevelopment of Loudoun Valley Shopping Center for White Star Investment's Reuben Bajaj. He's also busy planning his twin brother's bachelor party in Nassau and getting ready to jet to Israel for a volunteer trip.  Ezra says he and KLNB's James O'Neil are bringing the first Nando's (casual fast-dine Portuguese restaurant out of the UK) to Chinatown later this year.


JBG Rosenfeld Retail's Grant Ehat, Keane Enterprises' Brian Cullen, JBG's Brooks Blake, and Stanford Properties' Andy Brown.  Andy is loaded—and we don't mean with Heineken.  He says he has three development projects about to break ground:  200k SF at Market Square in Frederick, 105k SF at the Village of Urbana, and 17k at the Shops at Madison Farm in Prince William County. Brooks is happy the weather is warming up; he's looking forward to Thursday night races in Annapolis with a fleet of J-24s.


Next stop (we're losing count):  Retail Brokers Network par-tay at Indebleu where we snapped Hekemian's Chris Vell and Kim Palmer, Metropolitan Management Company's Dan Klein, Wiley Rein's Katie Cooperman, and Hekemian's David Hekemian. David and Chris tell us they're developing The Rotunda, a 700k SF mixed-use center in Baltimore. They're also doing a mixed-use project which includes 105 apartment units, 23k SF of retail, and 15k SF of office in Falls Church by the East Falls Church Metro Station. This is a big weekend for Chris, another sailor—he just sold his 51 ft. boat and is shopping for his next one on Saturday.


Last stop:  Hotspot Oya for Madison Retail Group's bash where over 175 partygoers filled the mod-space. Papadop's Ralph Tapiero, Madison's Jim Farrell, and Papadop brothers Tom and Charlie Papadopoulous (the guys responsible for bringing Oya to DC). Jim says Madison is working on leasing up the 100k SF Capitol Gateway Marketplace for A&R Development. Tom says Papadop was just hired to do the Howard Theater—the oldest African-American theater in the country.


Archstone's Dan McCahan, center, and Madison's Michael Pratt and Eric Rubin plot their next mixed-use venture. Eric says Madison just signed the fourth and fifth Lulu Lemon stores (yoga apparel out of Canada) to DC. He and business partner, Michael, certainly have the yin and yang down—while Eric heads to London to meet the Queen and sip Earl Grey tea, Michael is flying to South Beach for mojitos on the beach. Dan and wife, Mara, are trying to live it up the next few months as they're expecting a baby boy in June.


The next generation of real estate on the scene: In fact, H&R Retail's Glen Neubauer, Suzanne Katz, Douglas Development's Jason Whittington, H&R's Laurie Albo, and Lee Block are probably still partying.

Brookfield Properties
Reznick Group
Orr Partners
Gold Cup
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