2000 Pennsylvania Ave (AKA Red Lion Row) re-redevelopment planned

Matthew Gilmore's picture

MRP Tapped To Redevelop GWU Mixed-Use Building, Plans 40K SF MakeOffices Location Washington DCMixed-Use May 25, 2018 Jon Banister, Bisnow Washington, D.C. 

Read more at: https://www.bisnow.com/washington-dc/news/mixed-use/mrp-tapped-to-redevelop-gwu-mixed-use-building-plans-to-bring-in-40k-sf-makeoffices-88876

George Washington University has picked the developers to revitalize an aging Foggy Bottom mixed-use property, and the team will bring in a coworking space next year to help spark new activity.  Google Maps The mixed-use building at 2000 Pennsylvania Ave. NW MRP Realty and Westbrook Partners entered into a long-term ground lease with GWU for 2000 Pennsylvania Ave. NW, a 404K SF mixed-use property with a 10-story office tower and three levels of retail.

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The retail, branded as Shops at 2000 Penn, currently features a Bertucci's, Au Bon Pain, Chipotle, CVS, a bakery and a photo repair shop. Wade said the team plans a complete repositioning of the retail and aims to bring in new concepts, with both food and beverage and shopping options.  "It's going to be a total game changer for the area, similar to our [2010] deal at Washington Harbour," Wade said. MRP renovated and leased up the mixed-use property on the Georgetown waterfront and sold it for $370M in 2013.