DC's The Parks at Walter Reed Signs First Retail Tenants - Commercial Observer - petsitterbank

DC’s The Parks at Walter Reed Signs First Retail Tenants – Commercial Observer

The first retail tenants have signed on with The Parks at Walter ReedHines’ 66-acre mixed-use community in Washington, DC

When complete, the development will include more than 3.1 million square feet of new construction and adaptive reuse of historic structures.

The Marketplace, the community hub of the development, is anchored by Whole Foods Market and composed of three buildings surrounding a plaza fronting Georgia Avenue: The Hartleya 323-unit multifamily building; Kite House, a 109-unit condo; and 1155 Dahlia Streeta 60-unit upscale coliving project.

The retail tenants are Mezeha fast-casual restaurant specializing in Mediterranean-inspired food; The Charmerya handcrafted ice cream shop; nailsaloon, a luxury nail salon; and a national bank. Leasing details were not available.

“These tenants are a mix of proven local area operators and those who are new to DC, providing visitors and residents of The Parks with the familiarity they can count on combined with an experience unlike anywhere else nearby,” Chuck Watters, senior managing director at Hines, told Commercial Observer. “When combined with Whole Foods Market, The Parks now has the core of a dynamic mixed-use environment in this neighborhood growing.”

The Parks is adjacent to both the new Children’s National Research and Innovation Campus and the US State Department’s new Foreign Mission Center.

Advanced negotiations are also underway with a variety of retailers including full-service and fast-casual restaurants, fitness stores, pet care providers and others, Watters said.

“Now that we are close to delivery of The Parks Marketplace, retail tenants can see the vision and share in the excitement of Walter Reed as both a destination and a place to live and work,” he said. “This project is creating a new trade area in a submarket that has been historically underserved by retail. We’re seeing immense interest from prospective tenants due to our location, the project’s design and the area’s strong demographics.”

CBRE represented the landlord on all the deals. Renauld Consulting represented Mezeh, CBRE represented nailsaloon, Taylor Properties represented The Charmery, and Dochter & Alexander Retail Advisors represented the bank on their individual leases.

Keith Loria can be reached at Kloria@commercialobserver.com.


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