Photo by Ehpien.
Good morning Georgetown, here’s the latest:
- Students successfully lobby for more representation on the Georgetown Community Partnership.
- Parklets in Georgetown held up over red tape.
Photo by Ehpien.
Good morning Georgetown, here’s the latest:
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Last week GM reveled his much delayed State of Georgetown 2015. GM’s proud of his efforts and all, but the fact is that the BID’s State of Georgetown 2015 is a million times better. Check it out here.
Here are some of the fascinating data points that their report contains:
Stuff is Busy:
There’s a lot going on in the commercial corridors of Georgetown. There was a net gain of 19 stores (which differs from GM’s count, but that’s because the time frame and geographies are different). The office vacancy is low at 7.1%. Hotel occupancies rose to 72%. There areĀ 13,000 people employed in the BID zone. And additional 15,000 work in Georgetown outside of the BID zone (one assumes that mostly includes GU and hospital employees).
As for job sectors, the biggest increase in Georgetown jobs was in education, with a 14% jump over the previous year. The biggest drop was a tie between retail trade jobs and information at -13%.
Commercial rents raised slightly with Class A space demanding $44/sqf on average and Class B/C demanding $39/sqf. Here’s all the commercial space in map form: Continue reading
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Photo by Alan Kotok.
Good morning Georgetown, here’s the latest:
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GM can no confirm that the four new applicants for liquor licenses in Georgetown are the four he identified last month. Those include:
Here’s what each applicant has planned:
Georgetown AMC:
The theater doesn’t have really any changes planned, except presumably the sale of alcoholic drinks. They plan to sell drinks right up to the legal deadline: 2 am weekdays and 3 am weekends. They are applying for a Class C restaurant license, which allows for the sale of beer, wine and liquor.
What’s somewhat interesting for this applicant is that they’re pursuing a restaurant license (a C/R license). Other theaters in DC that sell alcohol, such as E St. Cinema, use a Multipurpose Facility license (a C/X license). Multipurpose facilities are theaters and art galleries, etc., which Georgetown AMC would appear to qualify as. And C/X licenses don’t require the licensee to receive a certain minimum amount of its revenue from food sales, whereas C/R licenses require the establishment to get at least 45% of its gross revenues from food sales.
Can a movie theater really get 45% of its revenues from popcorn, especially once it start selling booze? Why doesn’t the theater just get a C/X license? Because the moratorium prohibits them. (Yet another reason to ditch the moratorium).
We’ll see how this plays out… Continue reading
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Photo by Alan Kotok.
Good morning Georgetown, here’s the latest:
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As part of his annual survey of Georgetown stores, GM likes to tally up the restaurants by style and see, in effect, what does Georgetown taste like. Not much different than last year, really.
American food and sweets continue to dominate, which 19 and 17 respectively. American food would dominate even more if GM hadn’t separated out “grill” restaurants from the category.
French continues to hold up third place. Although Italian would be third if GM didn’t count “pizza” as a separate category. The only new category this year is Irish, with the opening of Ri Ra.
Either way, there is still a lot of variety of Georgetown restaurants.
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Photo by Mike Maguire.
Good morning Georgetown, here’s the latest:
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