Triangle Times – Summer ’09 edition

The Summer ’09 edition of the Triangle Times newsletter is available on the MVT CID Website in PDF form. The newsletter has a special focus on new retail and redevelopment in the Triangle.

On interesting piece of new information is that the 425 Eye Street office building renovation plans to substantial ground floor retail:

Approximately 28,000 square feet of retail space will be created on the first floor – ideally with a white tablecloth restaurant in the mix.

For a frame of reference 28,000 sf of retail would be 3 times the size of Buddha Bar or Acadiana. While I doubt they would lease to three large restaurants it’s very easy to imagine a scenario with one nice large restaurant, a cafe catered towards quick lunch food for office workers, and a mix of other service oriented businesses.

Triangle Times also announced that 455 Mass Ave won an award from WBJ:

The Buddha Bar at 455 Mass was awarded the Urban Retail Transaction of the Year from the The Washington Business Journal. The building, developed by Penzance and ASB Real Estate Investments, leased a 9,500-square-foot, first-floor space to the international restaurant group based in Paris. Congratulations!

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    fourthandeye says

    I have heard that Buddha Bar recently solicited bids for the buildout construction from contractors. I believe they made their selection so work may begin soon if their permits are in order.