Category: (3)

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.”

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December 21, 2012

Meals and reels

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.”

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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’s Bill 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.

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