September 10, 2013

West End Library Lands at Watergate

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.

Matt adds that there’s still a 1,500 SF space available right next to the West End Library’s new spot, which faces the Watergate’s hotel and office building entrance. (Perfect location for a Bookmark Hut.)

As for Eastbanc’s efforts to redevelop the current West End Library site (rendering above), the firm is hoping to build 224 residential units with a mix of both market-rate and affordable options. The new units will be built on top of a revamped library and newly built fire station, though no groundbreaking date has been set

Bisnow