Photo by aa1970.
Good morning Georgetown, here’s the latest:
Photo by Eliz.Joy22.
Good morning Georgetown, here’s the latest:
A few more data points from GM’s annual survey of Georgetown stores: what type of restaurants are here? Here’s the answer:
Last year “American” and Italian led the pack, but this year GM changed up the classification scheme. Pizza places were separated from general Italian restaurants, and burger joints and taverns were separated from American. This left the ascendant “Sweets” category at number one with nineteen different shops. Continue reading
As discussed a few times over the last couple days, GM recently finished his annual survey of stores in Georgetown (again, just for reference sake, “stores” in this context means stores, restaurants, salons, etc.; basically any commercial space except pure office space). He’s sliced and diced the numbers and is ready to serve them up.
This year GM counted a total of 510 stores in Georgetown. This is a drop from the 527 he counted last year. As noted last week, this doesn’t mean Georgetown lost a net of 17 stores; it’s a bit worse than that. That’s because every year GM counts a few more stores that he overlooked in previous years.
When you just isolate out the openings and closings, the situation looks a lot worse. There were 78 closings in Georgetown in 2011. That compares with a total of 43 closings from the year before, and 47 the year before that. That’s a 81% increase in store closings. Put in context: 15% of stores open in February 2010 are now closed.
You might think that the gutting of the mall is causing this increase, but that’s not the whole story. Yes, 38 of the closings were in the mall (compared with only 16 the year before) but that still means that 40 non-mall stores closed. Last year only 27 non-mall stores closed. That’s a 48% increase.
The good news is that there was a corresponding increase in openings to somewhat offset this gloom. There were 43 openings in 2011. That compares with 30 the year before, and 22 the year before that. So that means there were almost twice the number of stores opening in 2011 than in 2009. That’s some good momentum.
But there are still more new vacancies now then there was a year ago, 35 to be exact (to make the total number of vacancies 117). That’s an increase in vacancies of almost 300% over last year’s 13 net loss. This increase probably can be mostly attributable to the mall. Thus the overall story is that the pace of turnover (i.e. old stores being replaced by new stores) increased from 2010 to 2011, but the spike in vacancies in the mall means the net losses are way up. Continue reading
The other day a few of GM’s readers lamented that the new Paul Bakery restaurant that is to open next to the Banana Republic is a chain. While it’s fair to complain about the lack of genuinely exciting or even interesting restaurants in Georgetown, one of the things Georgetown’s definitely not is chain-dominated.
As of GM’s latest count, there are 126 restaurants in Georgetown. Of those, only 20 are part of a big chain. An additional 5 more are part of a regional chain (i.e. Five Guys). So even if you lump the regional chains in with the national chains, there are still only 25 chain restaurants in Georgetown. That’s less that 20%. (And the number of chains is unchanged from last year, while the number of independent restaurants has increased).
Is the Georgetown restaurant scene a little threadbare? Absolutely*. Does it seem like no new and interesting restaurants open here? You bet. But that’s a product of a lot of forces, only some of which are controllable. Continue reading
Photo by Kevindem.
Yesterday Georgetowner Carol Joynt profiled a few of her favorite breakfast spots in Georgetown for the New York Social Diary. They included Four Seasons, Furins, and Baked and Wired. It got GM wondering what his favorite breakfast spots are, and where other people like to fill up. So here in no particular order are the regulars on GM’s weekend breakfast cycle:
Furin’s: GM agrees with Joynt that Furin’s is special. It’s a classic diner offering all the basic breakfast fare. They’re prices are low and their service is really quick (sometimes too quick really). They offer an even larger lunch menu, but confusingly you have to order that up on the counter. All in all, it’s a quick and simple option.
J. Paul’s: J. Paul’s has a small but hearty breakfast menu. GM recently has taken to their Hangover Hash, a heavy scoop of gravy-soaked beef on an English muffin. You can normally get a table pretty quickly, which is a nice plus.
Kafe Leopold: Great German/Austrian fare. Good coffee and chic atmosphere. GM used to go here more, but then they changed their croque monsieur so that it now has mustard, which GM can’t stand. Continue reading
Monday night at the ANC meeting, the BID presented its plans for the next upcoming Taste of Georgetown festival. Later on, the liquor license application of Lapis, a proposed Afghan restaurant, was discussed. Perhaps he was just hungry, but it got him wondering: what types of restaurants dominate Georgetown?
Being a nerdy wonk that he is, GM made a pie chart: