Thursday, January 19, 2012

7th and H NW Changes Underway

The busy intersection at 7th and H Streets NW has one conspicuous absence. That absence is the complete lack of tenants at the northeast corner. CVS/pharmacy was the last sign of life in the aging building up until its closure in 2007. Developers want to rehab the building, add on to it and fill it with tenants.  It looks as if that is happening now. The entire property (801-809 7th St) was purchased in June 2011 for $9.1M, making way for this development.

The top two floors are being marketed as office space, totaling 21,000sf. The bottom two floors and basement level are slated to be filled by British chain YO! Sushi, sandwich-soup-bakery joint Panera and convenience store-pharmacy Walgreens. The retail square footage totals just over 37,000sf. Great looking renderings of the proposed changes here (PDF, from McCaffery Interests & Douglas Development). Good to see some movement at this corner after a few years of limbo and legal/financial wrangling.