January 22, 2015

With retail pretty much set, Georgetown Park looks to bring in restaurants

The newly redone Georgetown Park mall has been gradually adding tenants for the past year, bringing in bargain brands — TJ Maxx, DSW — alongside established luxury and better names, culminating with the opening of Forever21 earlier this month.

So what’s missing? Food.

There’s nearly 27,000 square feet of space currently being marketed for restaurants. Jamestown is working with Miller Walker Retail Real Estate on the restaurant leasing.

The shopping center’s new owner, Jamestown, which bought the project from Vornado in 2014 for $272 million, wants to add to the development’s appeal by making it a dining destination as well as a retail one.

The available space includes 10,058 square feet on the second level with access from M Street NW. Longtime Georgetown shoppers will remember that space as the former Houlihan’s in the old Georgetown Park Mall.

Another 9,462-square-foot space sits on the back of Georgetown Park overlooking the C&O Canal, with access from the end of the alley between the entrance to DSW and the Dean & Deluca building. For frame of reference, this restaurant would be similarly situated to the upstairs private event space at Pinstripes, the restaurant and bowling and bocce venue on the back of Georgetown Park.

A third space sized at a little more than 7,408 square feet is also available and being marketed for restaurant or retail. The majority of the space is on the canal level, with access from Wisconsin Avenue via a stairway. (Perhaps a perfect place to light the blue light for a nouveau speakeasy down below?)

The developer is looking for tenants that could take each of the spaces in their entirety, since their tucked-away locations and configurations aren’t likely to split well. Jamestown hopes to lure interesting restaurant tenants that will make the shopping center a place for lunch or dinner as well.

“Our goal is to bring in some artisanal dining options and to be good stewards of this iconic asset,” Michael Phillips, president of Jamestown, said in a statement.