801 K Street, NW
From the Mayor’s Office:
“Events DC, the official convention and sports authority for the District of Columbia, announced that its Board of Directors and Apple have finalized terms and will execute the lease for a global flagship Apple store. Under the lease terms, the location of the store will be the Carnegie Library at Mt. Vernon Square, the center of a newly transformed convention and entertainment district in downtown DC. Furthermore, a Tri-Party Agreement among Events DC, Apple, and the Historical Society of Washington, D.C. will also be executed, memorializing a co-location of Apple and the Historical Society as part of the reimagined vision at Carnegie Library.
“The partnership between Events DC and Apple demonstrates an innovative approach to preserving the historic character of our world-renowned Carnegie Library while creating a cultural experience that welcomes residents from across the District of Columbia and visitors from around the world,” said Mayor Muriel Bowser. “We look forward to the Carnegie Library re-opening its doors as a destination in DC’s Other Mall – our thriving retail center in the central business district.”
Within the signed agreement, Apple will lease a portion of the Carnegie Library, comprising approximately 18,896 square-feet of interior space. Apple will also have the same rights to program its portion of the building and grounds as agreed upon in the letter of intent. The lease term is ten years with two five-year options. The Historical Society, under its existing 99-year lease, will continue to operate its museum and library in the building, with approximately 13,000 square-feet of space on the basement level, second floor, and third floor. (more…)
