
When Eastbanc President Anthony Lanier talks about the state of Georgetown retail and real estate, it always worth a listen. And on Tuesday night, Lanier spoke of both during the July ANC meeting. The soapbox was offered to him as part of the ANC’s monthly effort to hear from commercial tenants and landlords about how they view the outlook for Georgetown’s retail corridors.
And despite the doom and gloom that many are observing and/or predicting for the neighborhood, Lanier is mostly sun and opportunity. He started off the talk with an overarching theme that wove through his whole brief discussion: “rather than looking at all the vacancies as a black mark on Georgetown, we should look at it as an opportunity to escape sameness.” To escape the homogeneity that our commercial corridors have largely succumbed to (i.e. it’s just an outdoor mall) Lanier hails “new and innovative retailers, so few of which exist” that Georgetown should try to attract with all the empty space.
Lanier then gave some examples of how Eastbanc was trying to put that advice into practice. He cited Showfields, which is moving into the former Brooks Brothers. It is essentially a small department store, where new and small retailers are giving a small space in the building with short leases in order to test the DC market. He also mentioned Glossier, a cosmetics store that is moving into the old Sephora at 3065 M St.
Most excitedly, Lanier announced that the refurbishment of the Zara building at the corner of Prospect and Wisconsin will be done by the end of the year and five new tenants will move in, where two were before. (Lanier didn’t mention who the new tenants were, but signage on the building already is promising Wolford, an Austrian clothing store.)
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