Major Developments Continue to Come to Columbia Road East of 18th

1752
1752 Columbia Road, NW

Que jaw dropping developments coming to Columbia Road east of 18th with The Line Hotel, The old Payless/Avignone Freres Bakery development. And y’all said Adams Morgan was dead…

1762
1762 Columbia Road, NW

Pros and cons, pros and cons but…from a press release:

“Urban Investment Partners (UIP) has acquired 1752 and 1762 Columbia, two mixed-use retail/office properties located in the Adams Morgan neighborhood of Washington, DC for a total of $3.2 million. Greysteel, a national commercial real estate investment services firm, arranged the sale and represented the sellers. The new ownership plans to continue operating the properties as mixed-use retail and office space.

This transaction was arranged by Greysteel President & CEO, Ari Firoozabadi; Senior Director, W. Kyle Tangney; Director, Rawles M. Wilcox; and Investment Associate, Herbert Schwat; who are all based in the Greysteel’s Washington, D.C. office.

1752 and 1762 Columbia, both built in 1907, are four-story, four-unit mixed-use properties with off-street parking and street frontage just off one of the most well-established, visited and iconic commercial corridors in the District, Adams Morgan’s Columbia Road.

Both properties are excellently situated in the middle of a densely populated four-block commercial strip on Columbia Road, NW. The strip is known for its eclectic mix of restaurants, retail shops, grocery stores, and other distinctive store fronts which draw a diverse and large number of patrons daily. Both commercial and residential spaces in the neighborhood have proven to be in high demand with low vacancy rates and comparatively high rental rates.

Steve Schwat, Principal at UIP, said: “We are excited by all the great things happening along Columbia Road between 16th and 18th Street NW, including the new Ontario Condos, UIP’s renovation of 1620 Fuller Street, the renovation of the Italian Embassy, the new Line Hotel just west of the subject properties, and other significant projects that we expect will change the look and feel) of this block.

“Mixed-use assets in Adams Morgan rarely come to market; thus 1752 and 1762 received a great deal of interest from the investment community,” said Mr. Tangney. “With The Line DC hotel delivering in the near future, we expect to see continued development of and interest in this already well-established corridor.”

33 Comment

  • omg DON’T TAKE MY SUPER TACOS!!!!!!!!!!!

    • +1

      Do retail tenants have the same opportunity to purchase their spaces if the building/unit is put up for sale?

    • +1 One of the few places where I’ve been able to get cow’s tongue tacos

      Not that I’m a fan of a lot of these legacy places, but SuperTaco is an underappreciated spot. Special bonus for all the Chespirito inspired art

      • Impala Cantina on H St. has tongue tacos. Also, the meat stand at the farmer’s market in CH plaza usually has tongue, or can bring it for you if you ask. Super easy to cook (boil it) and delicious.

      • Tacos El Chilango has good lengua, too!

  • “Both commercial and residential spaces in the neighborhood have proven to be in high demand with low vacancy rates and comparatively high rental rates.” LOW VACANCY RATES!?!? Regardless, all this was easily seen from miles away and years ago as tenant leases were not re-upped by landlords. Watch out Safeway, there’s no room for one store building in Adams Morgan.

    • +100 – I’ve been waiting to see notices of that building’s demise. Between that and the CVS, there is a great opportunity to build in some density, some more attractive architecture, and maybe a re-done grocery store to boot.

      • -100 I hope not! Those are some nice classic buildings. They just need to be restored to their original glory.

  • I don’t mean to be dense – is the surprise here the high sales price (which for two four story buildings doesn’t seem all that high to me)? Should we anticipate big changes to these two separate buildings? Should we anticipate these two buildings will be gutted and leased to new upscale retail and offices?

  • I mourn the impending loss of the neighborhood’s vibrant, multicultural character, but it’s happening to nearly all of DC these days. You can’t stop it.

    • I know what you’re saying but in Adams Morgan’s case I think some of these “improvements” are much needed. Columbia road in particular has sorely needed some re-development. I think this this is a good thing.

      • I think people should be careful what they wish for, when the redeveloped alternative to what we have now will probably end up being awful chain restaurants, because the mom and pop places can no longer afford the rent.

        • Such as? Most redeveloped neighborhoods have plenty of restaurants (14th St corridor, H St) that are non-chains, and even those chains that do exist are local (eg cava). National food chains are few and far between in the city proper, or at least west of the river. Plus Adams Morgan has quite a few non-chain restaurants as it is, so if one went in on Columbia it wouldn’t be the end of the world.
          .
          Now if you want to complain about them all being the same/similar and expensive, then fine.

          • “Most redeveloped neighborhoods have plenty of restaurants (14th St corridor, H St) that are non-chains, and even those chains that do exist are local (eg cava).”
            .
            Columbia Heights has lots of chain restaurants, and almost all are national chains.

  • WAIT BUT SERIOUSLY. Does this mean Super Taco will close? Because between this and Fast Gourmet, I cannot.

  • YESSSSSSSSSSSSSSSS I am SO happy this block of Adams Morgan is finally turning around!

  • NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO! This article says they will be mix-use… so there’s still hope for Super Taco …yes? Yes!?????! Leave this neighborhood alone UIP

  • Also, Mount Pleasant is next. All those stretches of one story buildings. Check out the Recorder of Deeds website and see how many common owners there might be.

    • Mount Pleasant is a historic district so that limits the redevelopment potential.

      • never stopped Heller’s from violating historic preservation regulations nor slowed the fast welcome of Paisley Fig. it’s “open arms” for certain businesses.

        • I dunno what Heller’s did but I think it slows the demolition and reconstruction of anything, which puts some constraints on what will happen.

  • Just please no more high-end places. I’m tired of the niche restaurant that’s trying to be the next big thing. Just sensible eating places, please!

  • northeazy

    Oh this is fucking horrible. Super Taco is the best Mexican spot. No one does tamales better. This is horrible, horrible news. I was just there 2 weeks ago and they didn’t say shit to me about it. WTF. My day is ruined.

  • I wonder what the impetus was behind the “I love Ukraine” sign at Malik.

  • Not super taco!! They have the very best theme song on their website……

    ***and baaakery!***

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