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Buzzard Point slated for one of it's first entertainment venues!

It's always cool seeing a neighborhood develop from the ground up. Buzzard's Point represents one of DC's last developable areas with a SUPREME location!

From Costar:

Brooklyn Bowl Picks Buzzard Point for First DC Location

Entertainment Concept to Anchor Retail Portion of $200 Million Development Next to Audi Field

By Dominique Mackey CoStar Research November 3, 2022 | 12:11 P.M.

Brooklyn Bowl is coming to Washington, D.C., after the entertainment venue committed to be the first retail concept at a new development going up next to Audi Field.

The company signed a lease for a 38,000-square-foot, two-story location in Southwest Washington's Buzzard Point neighborhood that is scheduled to open in 2026. Plans for the 1,200-person venue include live music programmed by Live Nation, a 14-lane bowling alley and a craft bar and a menu curated by New York City’s Blue Ribbon Restaurant Group.

The venue will anchor the retail component of Parcel B, a $200 million mixed-use project that is scheduled to break ground in 2023 next to the soccer stadium that plays home to MLS' D.C. United. Upon completion in 2026, the more than 500,000-square-foot project is slated to include 455 apartments, 49,000 square feet of street-level retail, office space and an acre of public space.

“When we made the decision to invest in a stadium in downtown Washington, DC we were very intentional in our efforts to acquire additional land surrounding Audi Field to further develop the Southwest neighborhood of the city,” Jason Levien, co-chairman and CEO of D.C. United, said in a statement.

The development is the latest major project planned around the 20,000-seat Audi Field that opened in 2018. In October, the development team behind The Stacks broke ground on the massive project that is set to bring more than 2 million square feet of residential, commercial and hotel space to a 6-acre site just south of the stadium. Toll Brothers and CrossHarbor Capital Partners in May also secured financing for a proposed 501-unit apartment building at 113 Potomac Ave. SW.

Parcel B is expected to break ground next year just outside of the stadium between Gate A and Gate B. The development is now mostly preleased, including nearly 80% of the retail space along the double-sided retail and entertainment corridor between Parcel B and Audi Field along First Street. Volunteers of America also plans to bring 110 affordable senior housing apartments to Parcel B and has designated the site as its future headquarters.

The D.C. location will mark the fifth venue for Brooklyn Bowl, a concept that launched in Brooklyn, New York, in 2009. The company also has locations in Las Vegas, Philadelphia and Nashville, Tennessee.

“Washington, DC’s dynamic live music scene and vibrant culture made the District a clear choice for where to take Brooklyn Bowl next,” Peter Shapiro, Brooklyn Bowl co-founder, said in a statement. Hoffman's "experience developing three successful live music venues in the city’s Wharf neighborhood make them the perfect fit for us."

Parcel B represents Hoffman's third development along the D.C. waterfront. The company is best known as the developer behind the $3.6 billion The Wharf project that wrapped up its second and final phase last month. That project's entertainment anchor is the 57,000-square-foot Anthem music venue that opened in 2017 and can hold up to 6,000 people.

Hoffman also completed The Bower, a 137-unit condominium, at The Yards in D.C.’s Navy Yard in 2019.

A representative for Hoffman & Associates declined a request from CoStar to provide the brokers involved in the deal and the term length.


Content by Vidona Residential Columbia Realtors

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