Whole Foods Market® Signs 2nd Lease in District in Two Weeks
Washington D.C. H Street NE store will have opening target date of late 2016
Washington, DC – Whole Foods Market, in partnership with Insight Property Group and The Lionstone Group, has signed a lease for a new store location at 600 H Street NE in Washington, D.C. This is the second lease signed in two weeks, most recently 800 New Jersey Avenue SE, furthering Whole Foods Market’s commitment to the District.
The H Street store will be approximately 36,000 square feet with a target opening date of late 2016. There are currently four stores in Washington, D.C. and one in development in the Capitol Riverfront neighborhood.
“The H Street corridor is a thriving hub of diversity and cultural richness – a perfect match for Whole Foods Market’s goal to support each and every community we’re in,” said Scott Allshouse, Whole Foods Market’s Mid-Atlantic regional president. “Whether you’re a long-time resident or new to this neighborhood, we are proud to have the opportunity to join you and help write the next page of history. Being among the flourishing food scene, culture offerings of the arts district and the exciting mix of residents will make Whole Foods Market a great partner to those in the community.”
Whole Foods Market recognizes the historical significance of an area like the H Street corridor and has worked with partners like Mayor Vincent Gray’s office and Insight Property Group to ensure the best fit for the new site and help facilitate economic growth.
“Whole Foods Market has been great partners with the neighborhoods it serves, and they have provided high quality jobs to our City. The thriving H Street corridor embodies many of the characteristics that Whole Foods Market values: innovation, diversity, history and culture. I hope that Whole Foods Market continues to identify other neighborhoods, particularly those with underserved food and grocery needs, where they can continue to add value, energy, wholesome food choices and economic growth to the people of the District of Columbia,” stated Mayor Gray.
The development will bring approximately 430 multifamily units, 75,000 square feet of retail and two levels of below-grade parking to the H Street community, anchoring the corridor and reconnecting the two ends of the neighborhood. The project will achieve a minimum of LEED Silver certification and include green roofs, rooftop garden plots and landscaped area, energy efficient systems and promote numerous transportation options.
“This new Whole Foods Market at 6th and H will be more than a store. It will create a gathering place and a retail anchor at the heart of the community for years to come,” according to Richard Hausler, Principal of Insight Property Group. “That’s what ‘five minute living’ means – walking distance to everything. Whole Foods Market brings this idea to life on H Street with this new store. We are very grateful to all of the city leaders and our neighbors on H Street for making it happen.”
About Whole Foods Market®
Founded in 1980 in Austin, Texas, Whole Foods Market (wholefoodsmarket.com, NASDAQ: WFM), is the leading natural and organic food retailer. As America’s first national certified organic grocer, Whole Foods Market was named “America’s Healthiest Grocery Store” by Health magazine. The company’s motto, “Whole Foods, Whole People, Whole Planet”™ captures its mission to ensure customer satisfaction and health, Team Member excellence and happiness, enhanced shareholder value, community support and environmental improvement. Thanks to the company’s more than 80,000 Team Members, Whole Foods Market has been ranked as one of the “100 Best Companies to Work For” in America by FORTUNE magazine for 16 consecutive years. In fiscal year 2012, the company had sales of $11.7 billion and currently has more than 365 stores in the United States, Canada and the United Kingdom.
About Insight Property Group
Founded by longtime multifamily industry veterans Richard Hausler and Michael Blum, Insight Property Group LLC (www.insightpropertygroupllc.com) acquires, repositions, and develops well-located apartments and mixed-use real estate in the Washington, DC metropolitan region. The principals have over 70 years of experience in the area real estate industry. Insight projects now under construction include a 310-unit luxury apartment project in Silver Spring, Maryland and a 240-unit residential project underway in Alexandria, Virginia. The company has also acquired 572 existing apartments in four locations in Greater DC.