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Sunday, February 11, 2018
Bethesda construction update: 4747 Bethesda Avenue (Photos)
Construction is still in the early stages at JBG Smith's future 4747 Bethesda Avenue mixed-use office building project. JBG Smith plans to relocate its own headquarters from Chevy Chase into this building when it is completed.
11:42: Wrong. I'm the one who broke the story about Dean & DeLuca not opening. Second, as I reported in that story, a commercial real estate source told me the Dean & DeLuca deal was off. Period. Dean & DeLuca, in response, claimed they were simply delaying the opening until 2019, because they wanted to make design changes to the building.
So read between the lines...my take is they are not coming. The "more to it" was all in my story, not the knockoff article 6 hours later.
Pace Development Corp., which bought coffee chain Dean & DeLuca Inc. for $140 million three years ago. Now it has 15 billion baht ($452 million) of debt to repay over the next 12 months
Not just JBG's headquarters. Host Hotels and Resorts (Fortune 500), and regional offices for Booz Allen Hamilton.
ReplyDeleteIs the Dean & Deluca project dead?
ReplyDeleteWhat happened here? Any scoop or inside info?
This comment has been removed by a blog administrator.
DeleteI saw this too. Wasn’t sure if there was more to it.
DeleteSeems to me like they’re backing out.
10:46
ReplyDeleteJBG still claims that they're coming.
11:42: Wrong. I'm the one who broke the story about Dean & DeLuca not opening. Second, as I reported in that story, a commercial real estate source told me the Dean & DeLuca deal was off. Period. Dean & DeLuca, in response, claimed they were simply delaying the opening until 2019, because they wanted to make design changes to the building.
ReplyDeleteSo read between the lines...my take is they are not coming. The "more to it" was all in my story, not the knockoff article 6 hours later.
Pace Development Corp., which bought coffee chain Dean & DeLuca Inc. for $140 million three years ago. Now it has 15 billion baht ($452 million) of debt to repay over the next 12 months
ReplyDelete