Scuttlebutt of the Week

by Prince Of Petworth July 21, 2008 at 12:00 pm 6 Comments

Columbia Heights Coffee has recieved its first round of permits to expand its store on 11th Street. That’s the good news the bad news is that they still need another set of permits before demolition can begin. Still positive news.

By this time next year it is likely that Red Derby will have a roof deck. Unbelievably cool.

The building housing Looking Glass Lounge and the Yoga House upstairs has been sold for nearly $1.5 million. Both LGL and Yoga House have leases for the next two years so there is not likely to be any changes. However when the leases run out I am very fearful for the future. If that building was bought for nearly $1.5 mil then I’d have to assume that rents will sky rocket. In my opinion I don’t think this bodes well. My guess is we’ll be seeing more condos up top with, God willing, some type of retail in LGL’s space (and of course hopefully LGL will remain).


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