More news on the Peet’s invasion: The coffee shop has signed a lease for space at 1001 Pennsylvania Ave. NW, the building that is home to Central and formerly housed Ten Penh restaurant.
Peet’s will take the former Citibank space at the corner of E Street and 11th Street NW. Miller Walker Retail Real Estate represented the landlord, TIAA-CREF, while Bill Dickinson and Patrick O’Meara of Rappaport Retail Brokerage represented Peet’s Coffee & Tea in the deal.
The building at 1001 Pennsylvania Ave. NW is getting another new tenant next year: San Francisco seafood restaurant Tadich Grill will open a location in the old Ten Penh space.
The bar is on the hunt for additional outposts in such neighborhoods as Woodley Park, Mount Vernon Triangle, West End, Capitol Hill and Dupont Circle.
According to their brokerage firm, Miller Walker Real Estate, they’re interested in locations between 2,500 square feet and 5,000 square feet in size. According to broker Alex Walker, they’re trying to find a location as soon as possible, and only looking in D.C. proper.
Capriotti’s, the Delaware-based delicatessen whose favor with Vice President Joe Biden has been well-documented, will open its first D.C. location at 1800 M St. NW.
George Vincent Jr., the Capriotti’s franchisee developing the D.C. market, confirmed he has signed a lease for the space. He hopes to open the deli by the first or second week of November. Miller Walker Retail Real Estate represented Capriotti’s in the deal.
“Maybe instead of [Biden] and [President Barack Obama] going to Taylor Gourmet, they are going to be coming to Capriotti’s,” Vincent said.
DC’s West End Library has a new, historic home… temporarily.
Penzance has locked it down for the 5,000 SF former Saks Jandel space at 2600 Virginia Ave in the Watergate complex, a temporary location while the library’s current 24th Street spot is redeveloped by Eastbanc as part of a new mixed-use project.
Penzance’s Matt Pacinelli tells us the library will occupy the space “as soon as possible,” and that the firm is happy to welcome a solid community benefit, if even for just a short time.
Bill Miller and Alex Walker of Miller Walker Retail Real Estate repped Penzance in the deal.
The former Lawson’s Gourmet space at 1776 Eye St has found a new tenant, as retail brokers Bill Miller and Alex Walker just closed a 3,600 SF deal with deli The Best Sandwich Place on behalf of landlord Rockrose.
Alex tells us the tenant is shooting for a late 2013/early 2014 opening, and that there’s still another space available on the 18th Street side of the building. (The Best Condiments Place would be a good option.) Fairfax Realty’s Kevin Shin repped the restaurant.
Blues, food and alcohol under one roof? That’s the idea behind chain venue B.B. King’s Restaurant and Blues Club, which is shopping around D.C. to find a location.
The company is working with firm Miller Walker Real Estateto find the right site in D.C. Broker Bill Miller says they’ve toured several locations in D.C. proper, but there’s no lease signed yet. They’re looking at places between 8,000 and 12,000 square feet in size, and considering spots that stretch over two levels.
Our sister publication San Francisco Business Times reported some restaurant news Monday of interest to D.C. : Tadich Grill, one of the California city’s oldest restaurants, plans to open a location in the District.
Tadich Grill, which has been serving seafood to San Francisco for more than 160 years, will open at 1001 Pennsylvania Ave. NW in the former Tenpenh restaurant space at that address. Miller Walker Retail Real Estate represented the landlord in the deal.
Miller Walker Retail Real Estate announced yesterday it brokered a new deal at The Watergate, bringing Northern Virginia sandwich mainstay The Deli to the historic building.
Miller Walker’s Alex Walker (who worked the deal with colleague Bill Miller) tells us the location will open soon, and a spokesperson from The Deli’s Fairfax location tells us the Watergate spot will be the chain’s first DC location, joining other NoVa locations in Herndon and Sterling.
Who will be the next Chipotle? Could Chipotle be the next Chipotle? Two local retail experts tell us the competition between quick service food chains remains hotter than ever.
Miller Walker Retail Real Estate principals Bill Miller and Alex Walker tell us fast casual chains are getting more sophisticated, raising the bar for creating concepts that will catch on. According to Bill, the trend really stems from the busy lifestyle of DC’s working crowd. “As a percentage of food we buy, it’s more prepared food than food we cook at home,” he says. And within the fast casual sector, “our market is looking for really high-quality food that is interesting,” Bill tells us.
Those who like plenty of choices when it comes to sandwiches will find them at Which Wich, the chain opening a Ballston location later this year. The company has signed a deal to open at 4300 Wilson Blvd., where Daily Grind used to be.
The Dallas-based Which Wich chain is known for having customizable sandwiches with more than 50 combinations.
Broker Alex Walker of Miller Walker Real Estate, who worked on the deal, said the restaurant is just over 1,000 square feet in size, and will open later in the spring.
The owner of an historic downtown D.C. office building one block from the White House is looking to fill its first floor retail space, which was once a bank branch, with a “signature restaurant.”
The John Buck Co. purchased 740 15th St. NW from the American Bar Association one year ago for $69.2 million.
According to a flyer produced by Miller Walker Retail Real Estate, the 11,697 square feet of first floor retail space features “dramatic historic banking hall space with 20 foot ceilings” and is “ideal for a landmark, signature restaurant.”
It’s an old-fashioned concept — dinner and a movie — but landlords are looking at it with newfound interest when they search for tenants to populate a retail center.
“In the past, it was luxurious to go to any movie theater, kind of like air travel in its infancy,” said Bill Miller of Miller Walker Retail Real Estate, which has helped landlords bring in movie theater tenants.“Now, it’s more of a commodity, and people are demanding more of a premium, first-class experience — and they’ll pay more for a better experience. It needs to be better than the 50-inch screen at home.”
A home-cooked meal just isn’t always in the cards. That’s why fast-casual food chains like Chipotle, Chop’t, and Sweetgreen are here to stay, say Miller Walker Retail Real Estate’sBill Miller and Alex Walker, whom we snapped in their Georgetown office.
As locals work later, Bill says, they’ll carry out and dine in more often, making those stores solid retail tenants both Downtown and in the ‘burbs.\
Bill and Alex are busy repping the likes of Pinkberry and PAUL Bakery.
After a series of successes with American Cafe and Silver Diner, restaurateur Bob Giaimo is ready for a third act, returning to downtown D.C. with a new restaurant that he’s dubbed simply “Silver.”
“We call it American food evolution, which combines the best of American bistro food with the best of the diner,” Giaimo said.
“This is a very progressive idea,” said Bill Miller, a restaurant broker and principal at Miller Walker Retail Real Estate, who’s working with the Silver concept. “These guys are crazy — everything that they find, they can improve to get a better quality of product.”
J. Alexander’s is shopping around DC to open up restaurants in the region.
Brokerage firm Miller Walker Retail Real Estate will be showing representatives from the company around town next week to look at potential locations for the restaurant. They’re interested in DC, Maryland and Virginia.
Broker Bill Miller says the group is interested in the “usual suspects” when it comes to locations — the East End, downtown, Georgetown, Tysons Corner and Bethesda. “Mostly just great sites with a good lunch [crowd],” Miller said.
When Barnes & Noble agreed to a one-year lease extension for its Union Station store last week, it wasn’t so much a reprieve for local lovers of books as it was for lovers of bookstores.
The chain had announced earlier in the week that it would close the store by year’s end — which to many in the retail trade did not come as a surprise.
“There’s going to be room for some book stores to be around, but the question for brick-and-mortar retailers, when they’re fighting against online [sales], is how many are there going to be in the region?” said Bill Miller, principal at Miller Walker Retail Real Estate.