Ten years after its opening, CityCenterDC has transformed a desolate downtown area into a top-performing luxury retail destination.
right in the center of the capital. CityCenterDC is the largest mixed-use development on the East Coast and has been lauded as one of the most successful in terms of revitalizing urban areas.“For Washington, D.C., it was massively transformative. Before this luxury consumption for retail was mostly going on in the suburbs,” explained Timothy Lowery, vice president of mixed-use developments at Hines who has served as general manager of CityCenterDC since they broke ground in 2011.
The bet on luxury paid off. The Norman Foster-designed development launched at the end of 2013 with tenants including Hermès, Dior and Loro Piano. Hermès closed its two suburban locations in nearby Chevy Chase, Maryland, and northern Virginia to consolidate with one flagship in D.C. Soon, other brands came on board. Louis Vuitton first opened in 2015 and earlier this year launched its redesigned and expanded boutique, which includes ready-to-wear and a VIC suite.
Washington’s “recession-proof” reputation with a high proportion of residents holding federal government or related jobs, immune to the perils of economic ups and downs, has benefited the developer. The 458 residences, a mix of condos and rentals, are a key component of the complex, commanding some of D.C.’s highest rents at $4.50 a square foot.
Akris’ Washington power list includes former First Lady Michelle Obama, former Secretary of State Condeleeza Rice and former Speaker of the House Nancy Pelosi. “We gave many loyal clients here. I speak in a quiet voice. For me a woman should walk into the room first, then the clothes,” Kreimler said.
The programming includes an annual performance by the Washington Ballet, and, during the holidays, a 75-foot tree, which has become one of D.C.’s best-attended public holiday lighting events. Stage lighting and even green rooms were incorporated into the construction of the development to support these activities. “We wanted to easily activate things.” Brands have also used the public spaces; Dior hosted a men’s pop-up featuring a 16.5-foot-high robot sculpture in the park.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Creating the ‘Buddy Tragedy’ of White House Plumbers“Then the Albany police showed up to party with Woody, and they gave us rides to the hotel with drinks and joints like they were Ubers.”
Read more »
Learning to Make a GUI in Python With Tkinter by Creating a Flipping Bits Game | HackerNoonA good way to discover how to make GUI in Python with Tkinter. - python game
Read more »
See 1st lunar eclipse of 2023 darken the full Flower Moon in eerie photosEarth's shadow partially blocked the light of the sun, creating a penumbral lunar eclipse.
Read more »
A copy of the ten commandments in every Texas classroomCritics see the measure as a blatant erosion of the separation between church and state while supporters see the commandments as universal moral truths which can help our young people better lead successful, productive lives.
Read more »
Ten Hag backs De Gea after his error hands West Ham 1-0 winManchester United manager Erik ten Hag said he has full belief in goalkeeper David de Gea despite the Spaniard's error handing West Ham United a 1-0 victory in the Premier League on Sunday.
Read more »