Inside Look at the Historic Uline Arena Redevelopment

July 21, 2016

Jon Glass

Tech Leader Corporate Managing Director, Savills Studley DC/MD/VA Licensed Real Estate Salesperson

Call 202-540-5509

Let it be, let it be….or not. Rather than let the historic venue that hosted the Beatles first concert on American soil sit derelict, Douglas Development is embarking on a full-scale redevelopment to transform the iconic Uline Arena and adjacent Ice House buildings into an innovative playground for creative office users.

 

Located in one of the fastest-growing neighborhoods in DC and just one block from the NoMa Metro Station, the 4-story Uline Arena at 1140 3rd Street, NE has already won acclaim from CREBA as the 2015 Project of the Year. The final product will feature 170,000 SF of loft-like office space above nearly 70,000 SF of retail that will be home to the outdoor mega-retailer, REI.

In a bit of an unconventional floor plan layout, the Arena Building and Ice House buildings have separate floor plates of 47,000 SF and 22,000 SF, respectively, but have the capability to accommodate contiguous space needs for the right user. The one-of-a-kind design features 13’ – 15’+ ceiling heights; 40’ x 40’ column spacing; private rooftop terraces; Capitol views; and large glass windows beneath the building’s signature barrel concrete roof.

 

Although construction is still ongoing, Douglas Development has already pre-leased a portion of the Uline building to the co-working company, Spaces, who will occupy roughly 45,000 SF on the 2nd floor. Douglas Development is so high on the project and changing neighborhood that will be relocating their own corporate headquarters to the development once completed in September 2016.

 

Asking rents are in the mid-to-upper $50.00’s per square foot, which will draw interest from a wide range of creative users looking for unique, newly constructed space at a discount from what you can get in the core markets of DC.

For inquiries about this project and similar opportunities, click here.

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