New Kids On The Block: Capitol Hill
American Petroleum Institute
Property Group Partners just solidified its first office lease last month at its $1.3B, 2.2M SF, mixed-use Capitol Crossing development, on the edge of Capitol Hill. American Petroleum Institute has signed on for 74K SF on the top two floors of the 425K SF office at 200 Massachusetts Ave. Delivering next year as part of Phase 1 of Capitol Crossing’s construction, it will be the first of PGP’s four planned offices delivering by 2022.
API is the largest American trade association for the oil and natural gas industry, representing around 650 petroleum industry corporations. It is currently headquartered at 1220 L St. NW and is expected to move late 2018.
A 13K SF Trader Joe’s opened on Sept. 29 at the Hine School redevelopment in Capitol Hill, celebrating its first D.C. store outside the Northwest quadrant with a weeklong grand opening. The third Trader Joe’s in Washington opened at 750 Pennsylvania Ave. SE, two blocks from the historic Eastern Market.
The newest Trader Joe’s sits above underground parking for customers and below EastBanc and Stanton’s 128-unit multifamily Residences at Eastern Market, part of the mixed-use Hine School redevelopment.
Union Square Cafe
Prolific New York City restaurateur Danny Meyer and his Union Square Hospitality Group will open two restaurants in PGP’s Capitol Crossing. The James Beard Award-winning Union Square Cafe was PGP’s first confirmed tenant.
Meyer’s first Union Square Cafe outside New York City is expected to open late 2018. It will accommodate 175 diners indoors and 45 outdoors in its summer garden area.
The Yard is opening a 32K SF co-working office in the Hine School redevelopment at 700 Pennsylvania Ave. SE. Although The Yard is one of 70 D.C. co-working spaces, it is the first large co-working space on Capitol Hill.
Its open co-working plan, which lets members use its workspaces, lounges, conference rooms and common areas, starts at $350/month. A desk and private office start at $495/month and $650/month, respectively.