Georgetown's commercial real estate market is active with new store openings, building renovations, and property transactions. Of particular note are renovations in the 1300 and 1400 blocks of Wisconsin Avenue, anchored by the Georgetown Theater Building. This page includes a rundown of active retail renovation projects, retail vacancies, recent openings, and property transactions. 

2016 Retail Openings and Closings

Commercial Property Transactions

During calendar year 2016, 18 commercial properties sold in the Georgetown BID area, totaling $336,146,250.00 in transaction volume. The five largest property transactions for the year include:

  • 1025 Thomas Jefferson Street (Jefferson Court)
    Sold by JBG to a Qatari investment firm for $141,800,000
  • 1050 31st Street (Rosewood Washington, DC Hotel - former Capelle Hotel)
    Sold by Castleton Hotel Partners to CTF Georgetown LLC for $60,000.000
  • 3000 M Street (Latham Hotel)
    Sold by SB Urban to Thor Equities for $53,500,000 
    This property originally sold in 2015 and closed in 2016
  • 1075 Thomas Jefferson Street (Graham Hotel)
    Sold by Mast Capital to Legacy Hotel Group for $34,000,000
  • 3607 M Street (Georgetown Exxon)
    Sold by Clark Investments and Eastbanc to Altus Realty Partners and DYNC Atlantic Property and Investment for $14,000,000