Friday, September 04, 2015
4500 East-West Highway building snags its first retail tenant in Bethesda (Photos)
A hair salon isn't Intelsat (which ultimately chose a Tysons suitor over 4500), but it will likely get Carr over the initial retail hump here, just as the Bainbridge Bethesda got its first signee on the retail front recently.
With one tenant on board, other prospective retail or restaurant tenants can see that A) the opportunity must be promising, because somebody else is wagering on it, and B) might find that tenant's traffic complimentary to their own target audience.
The building's office space upstairs signed RapidAdvance to a full-floor lease last October, but activity has been quiet since.
You'll notice the sidewalks are in the Bethesda Streetscape format, as all new sidewalks downtown will be from now on, with brick pavers.
4500 remains a very nice building just two blocks from Metro, with a lot of potential, but dealing with a very challenging economic development environment in MoCo.