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Anna Perault

THE PEOPLE’S DRUG OPENS IN ALEXANDRIA TODAY

By | Alexandria, Bar, News, Press, Restaurant, VA | No Comments
The People’s Drug has good old fashioned comfort food. (Courtesy photo)

Original article by The Zebra, Mary Wadland, May 11, 2018.

New Restaurant Harkens Back to Historic Alexandria Retail Chain

ALEXANDRIA, VA [MAY 11, 2018] – The People’s Drug opens today in Alexandria (103 N. Alfred St.) with a menu of craft cocktails and casual bites. This new neighborhood gathering place is the brainchild of Alexandria natives and T.C. Williams graduates: Teddy Kim of Avanti Holdings, Seth McClelland, and Ian McGrath all of whom have extensive real estate and restaurant experience.

The restaurant is named and modeled after Peoples Drug Stores, originally a chain of drugstores founded in Alexandria, Va in 1905 which grew to multiple locations all over the DMV. Throughout much of the twentieth century, Peoples Drug Stores were an integral part of daily American life, especially in the district. In the 1920s, the stores added soda machines and lunch counters, making them community meeting spots as much as health and convenience stores. (For more information on the history of Peoples Drug Stores, and some illuminating photos, check out this Streets of Washington write up).

Divided into shareable snacks, bowls, sandwiches and sides, The People’s Drug menu offers classic cocktails and approachable, seasonal dishes that appeal to everyone. There are vegan, vegetarian and gluten-free options.

Native Alexandrian, Chef Melvin Urrutia is excited to work and cook in his hometown having recently worked as Chef de Cuisine at Ashok Bajaj’s Oval Room and prior to that, Nick Stefanelli at Bibiana.

Behind the bar and the cocktail menu is Jon Schott, a longtime DC bartender, best known for guiding Robert Weidmaier’s Mussel Bar from a beer-centric beverage program to a more well-rounded one with classic and seasonal cocktail menus. At The People’s Drug, Schott will be focused on producing fresh juice, house syrups, and quality craft cocktails.

Reminiscent of its namesake, The People’s Drug is decorated with antique bulbs and bright signage. Steps from King St., in the space formerly occupied by Bittersweet Catering, the new restaurant is finished with antique subway tiles, mirrored surfaces, and an aged tin ceiling with the original windows updated but left intact. A long, white marble bar takes up one entire wall, drink rails provide additional standing room while tables along the windows, inside and on the outdoor patio, provide more seating options.

The People’s Drug will be open Daily, 11 am to midnight.

For more information visit www.thepeoplesdrug.com and follow the team on social media @ThePeoplesDrug.

About Avanti Holdings Group

Founded by Teddy Kim, Avanti Holdings Group strives to enhance communities through strategic and thoughtful development, with a guiding principle of improving the urban fabric that connects us all. In addition to The People’s Drug, Avanti is responsible for the multi-unit retail and restaurant space Madison Collective.

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Read full article at: http://thezebra.org/2018/05/11/the-peoples-drug-opens-in-alexandria-today/

Madison Collective Opens In Alexandria This Summer

By | Alexandria, Commercial Real Estate, Real Estate Development, Restaurant, VA | No Comments

Chop Shop Taco Interior

Original article by alexandrianews.org, May 2, 2018

Avanti Holdings announced their latest development in Alexandria. Madison Collective will open this summer. Located in the heart of Parker-Gray neighborhood at 1008 Madison Street, just off N. Henry Street, Madison Collective will be home to Chop Shop Taco, Marlowe Ink, The Waiting Room, Grateful Kitchen Co, and Zweet Sport.

Born and raised in Alexandria, Avanti principal Teddy Kim has long dreamt of bringing locally owned businesses to the neighborhoods surrounding King Street. Once a partner in, and an instrumental part of opening, Mason Social, Kim hopes to serve the growing community of Parker-Gray. Formerly a used car lot and automobile chop shop, the space where Madison Collective now sits will be put to good use.

Chop Shop Taco
A partnership between Avanti Holdings, Kris Garcia and Chef Ed McIntosh of Tortilladora, Chop Shop Taco will offer an ever rotating menu of tacos, tortas and snacks influenced by the season, childhood nostalgia and community. Chef McIntosh plans to use premium ingredients and “off the spit” chopped meats including Al Pastor, Chicken, Pork Belly and Brisket, all in a casual setting. Converted from an actual automobile chop shop, the restaurant will be open for lunch and dinner.

Marlowe Ink and The Waiting Room
With an artistic atmosphere and high energy tattooing, Marlowe Ink at Madison Collective is the newest location belonging to beloved tattooer, James Marlowe. Marlowe has been tattooing for approximately 30 years, having opened his first location, Marlowe Ink, in Fairfax, VA 15 years ago. The new Alexandria location will be the home base of tattooers Danny Zelsman and Jen White, with guest spots from Hayden Zelsman, Anya Gladun, Phil Watkins, and many out of town names.

The Waiting Room is a neighborhood gathering space in the middle of Madison Collective, below Marlowe Ink. Designed to be a place where people can wait for a reservation at Chop Shop, host events and parties, or meet up with a friend before taking a gym class, the refurbished warehouse space will be decorated with art curated by Kari of Artbot.

Zweet Sport
Zweet Sport Total Fitness encompasses two unique, elite fitness studios under the same roof: a 35 bike cycling room and small group fitness/personal training space to be used for one-on-one or semi-private sweat sessions. Zweet Sport Total Fitness is a boutique fitness studio that takes these top-notch disciplines and combines them so that you are able to have one membership and a common community while also enjoying a customized experience. This is the second venture for the owners of Zweet Sport Total Fitness, who also operate a hot yoga school nearby.

Grateful Kitchen Co.
Next to Zweet Sport will be Grateful Kitchen Co. a standing room only juice bar with a walk-up window serving made to order juice and espresso to be enjoyed outside, on the go, or inside at the counters. Similar to a European coffee bar, Grateful Kitchen Co’s menu will be centered around health and the idea of food as medicine. The intention is to create food and drink that not only tastes good but serves a purpose for the body. Many of the options will be plant-based.

WashREIT Reaches Deal To Sell Braddock Metro Center Office Complex

By | Alexandria, Commercial Real Estate, News, Office, Press, VA | No Comments
WashREIT Reaches Deal To Sell Braddock Metro Center Office Complex Read more at: https://www.bisnow.com/washington-dc/news/office/washreit-reaches-deal-to-sell-braddock-metro-center-office-complex-80868?utm_source=MorningBrief&utm_medium=email&utm_campaign=20171030_washington-dc_morningbrief&be=teddy.kim%40me.com?utm_source=CopyShare&utm_medium=Browser

The Braddock Metro Center Office Complex in Alexandria

Original article by Bisnow Washington, D.C., Jon Banister, October 27, 2017

After signing a General Services Administration lease at its Braddock Metro Center office complex in July, WashREIT is cashing out.

WashREIT signed a letter of intent this month to sell the 356K SF office complex, CEO Paul McDermott announced on the company’s Q3 earnings call Friday morning. He did not disclose the buyer or price, but said it expects the deal to close during the fourth quarter.

McDermott said the sale continues WashREIT’s strategy of selling out of the suburban office market and focusing on quality buildings in D.C.’s urban core. The CEO said the capital earned from the sale of Braddock Metro Center will go toward its recent $135M acquisition of Watergate 600. It plans to launch extensive renovations on the property, a 309K SF piece of the famed six-building Watergate mixed-use complex.

WashREIT acquired the four-building Braddock Metro Center complex in 2011 for $101M. It faced a large vacancy this year with one of its anchor tenants, Engility, leaving 134K SF when its lease expired in September to consolidate into other locations. The landlord got a win in July when it landed a new federal government tenant, the U.S. Department of Agriculture’s Food and Nutrition Service, for 131K SF.

The deal also fits with the REIT’s strategy of limiting its exposure to large government leases and instead filling its buildings with small to midsize private sector tenants, McDermott said.

The property at 1310-1340 Braddock Place sits just steps from the Braddock Metro station, an area with loads of new development in its pipeline. Jaguar Development got approval in July for a 258-unit mixed-use building, the second phase of its Braddock Gateway development. Jaguar sold the parcel for the project’s first phase in 2011 to Trammell Crow, which built a 15-story, 270-unit residential building that is expected to deliver this year.

The project’s third phase would add a 317K SF mixed-use building with 250 to 300 units and 8K SF of retail. Avanti Holdings Group is planning a 100K SF development, likely multifamily or hospitality, on a a nearby site.

Also on Friday’s earnings call, McDermott announced the sale of the 212-unit Walker House Apartments in Gaithersburg for $32.2M. He said that capital would also be reallocated to 600 Watergate.

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Read full article at: https://www.bisnow.com/washington-dc/news/office/washreit-reaches-deal-to-sell-braddock-metro-center-office-complex-80868?utm_source=MorningBrief&utm_medium=email&utm_campaign=20171030_washington-dc_morningbrief&be=teddy.kim%40me.com

Fairfax County office building sells for $8.3 million

By | Alexandria, Commercial Real Estate, Multi-Unit, News, Office, Press, Real Estate Development, VA | No Comments

Original article by VirginiaBusiness.com, September 28, 2017

KLNB, a Maryland-based real estate brokerage firm, has announced the sale of 5904 Richmond Highway, a 78,000-square-foot office building in Fairfax County, for $8.3 million.

Joshua Simon,  principal at KLNB, represented the buyer — a joint venture of Rock Creek Property Group and Avanti Holdings Group, LLC — and has also been retained to handle leasing of the building. The property sold on Sept. 8 for nearly $106 per square foot.

The structure is a newly renovated office building in Fairfax’s Huntington submarket with suites ranging from 1,800 to 15,780 square feet. The building has access to Route 1, Old Town Alexandria and National Harbor. It’s within walking distance to the Huntington Metro Station and Mount Vernon Trail.

In a statement, Simon described the Huntington area as “an untapped submarket with great potential and high expected future density.
As companies continue to look for lower lease rates compared to Old Town Alexandria, they will immediately see value in Huntington thanks to its prime location and anticipated growth.”

5904 Richmond Highway is currently 65 percent leased, with a remaining five office suites available.

KLNB’s offices are located in Towson and Columbia, Md.; Washington, D.C.; and Dulles and Tysons, Va.

 

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Read full article at: http://www.virginiabusiness.com/regions/article/331557?utm_source=email&utm_medium=email&utm_campaign=CREIntel

 

Office building in Huntington sells for $8.3 million

By | Alexandria, Commercial Real Estate, Multi-Unit, News, Office, Press, Uncategorized, VA | No Comments
5904-richmond-main-picture

5904 Richmond Highway

Original article by coveringthecorridor, October 29, 2017

The high-rise office building located at 5904 Richmond Highway was sold in early September for $8.3 million, according to a press release from KLNB, the real estate firm that brokered the deal.

The 78,000 square-foot building is now owned by Rock Creek Property Group and Avanti Holdings Group, LLC.

The press release noted that the property had recently been renovated and was acquired for a “favorable price.” Fairfax County property records show the assessed value for 5904 Richmond Highway in 2016 was $13 million.

“We are incredibly in tune with the Huntington market and it’s clear that it is an untapped submarket with great potential and high expected future density,” KLNB’s Joshua Simon, who represented the buyer, said in the release. “As companies continue to look for lower lease rates compared to Old Town Alexandria, they will immediately see value in Huntington thanks to its prime location and anticipated growth.”

Some of that anticipated growth includes a plan to greatly expand the adjacent Riverside Apartments complex. That proposal, which is scheduled to before the Fairfax County Planning Commission next week, calls for five new buildings with nearly 800 units to be added to the Riverside complex, which already contains more than 1,200 units in three buildings.

5904 Richmond Highway actually sits far off of Route 1, behind the Great American Steak & Buffet and Ourisman car dealership. Office space in the building ranges between 1,800 to 15,780 square feet, and the building is currently 65 percent leased, the KLNB release said. Among the businesses currently located there are Curb (formerly known as Taxi Magic).

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Read full article at: http://coveringthecorridor.com/2017/09/5904-richmond-highway-sold/

Investing in the future, OPEI purchases new headquarters building

By | Alexandria, Commercial Real Estate, News, Office, Press, Uncategorized, VA | No Comments

ALEXANDRIA, Va.Aug. 21, 2017 /PRNewswire/ — The Outdoor Power Equipment Institute (OPEI) announces the association has purchased a new headquarters building, and will move its offices to 1605 King Street, Alexandria, Va., in the spring of 2018.

Avanti Holding Group principal Teddy Kim and OPEI President and CEO Kris Kiser close Aug. 15.

OPEI President and CEO Kris Kiser said the trade association outgrew its current space. The new building will be better equipped for the association’s needs. “OPEI has been dealing with a problem for a couple years now,” Kiser said. “And it’s a great problem to have: We’ve increased our membership and increased our member engagement to a point that we’ve outgrown our current location and meeting space.”

The new OPEI headquarters will include a state-of-the-art conference center that can seat 50 people for in-person and virtual meetings. This new space will enable OPEI members around the country and overseas to participate more fully in association business and activities.

“As a trade group with members in EuropeJapanChina and across the United States, we have global meetings, and we wanted to be able to host them in person and virtually. Now, we’ll be better suited to host ISO, IEC and other international gatherings,” said Kiser. “Alexandria has been our home for 30 years. When we looked to make this decision, we considered other locales, and our board of directors chose to reinvest in Alexandriadue to its proximity to Washington, D.C., airports, hotels, as well as its historic character and lifestyle.”

OPEI’s new King Street location is on the historic main thoroughfare in the bustling heart of Old Town Alexandria, and is within walking distance to several hotels. It is one block from the King Street Metro station, the second subway stop from Washington National Airport. It will also have private offices reserved for members when they visit the D.C. area.

OPEI closed on its new location on Aug. 15, and the move represents a multi-million-dollar investment. OPEI has retained OTJ Architects of Washington, D.C., for the project.

“In 1987, OPEI’s board was prescient and chose to relocate from Washington, D.C., to Alexandria and built its current building. The current building met our needs for three decades and appreciated considerably. Our new building prepares us for future growth and engagement,” said Kiser.

About OPEI
The Outdoor Power Equipment Institute (OPEI) is an international trade association representing more than 100 power equipment, engine and utility vehicle manufacturers and suppliers. OPEI is the advocacy voice of the industry, and a recognized Standards Development Organization for the American National Standards Institute (ANSI) and active internationally through the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) in the development of safety and performance standards. OPEI is managing partner of GIE+EXPO, the industry’s annual international trade show, and the creative force behind the environmental education program, TurfMutt.com. OPEI-Canada represents members on a host of issues, including recycling, emissions and other regulatory developments across the Canadian provinces. For more information, visit www.OPEI.org.

Media contacts/Image Requests
– Ami Neiberger-Miller, Four Leaf PR on behalf of OPEI, 703-887-4877, rel=”nofollow”>ami@fourleafpr.com
– Suzanne Henry, Four Leaf PR on behalf of OPEI, 434-972-7278, rel=”nofollow”>suzanne@fourleafpr.com

Original article by PRESS RELEASE PR NewswireAug. 21, 2017

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Read full article at: http://markets.businessinsider.com/news/stocks/Investing-in-the-future-OPEI-purchases-new-headquarters-building-1002272345

Investing in the future, OPEI purchases new headquarters building

By | Alexandria, Commercial Real Estate, News, Office, Press, VA | No Comments

ALEXANDRIA, Va.Aug. 21, 2017 /PRNewswire/ — The Outdoor Power Equipment Institute (OPEI) announces the association has purchased a new headquarters building, and will move its offices to 1605 King Street, Alexandria, Va., in the spring of 2018.

Avanti Holding Group principal Teddy Kim and OPEI President and CEO Kris Kiser close Aug. 15.

Original article by Outdoor Power Equipment Institute (OPEI)Aug 21, 2017

OPEI President and CEO Kris Kiser said the trade association outgrew its current space. The new building will be better equipped for the association’s needs. “OPEI has been dealing with a problem for a couple years now,” Kiser said. “And it’s a great problem to have: We’ve increased our membership and increased our member engagement to a point that we’ve outgrown our current location and meeting space.”

The new OPEI headquarters will include a state-of-the-art conference center that can seat 50 people for in-person and virtual meetings. This new space will enable OPEI members around the country and overseas to participate more fully in association business and activities.

“As a trade group with members in EuropeJapanChina and across the United States, we have global meetings, and we wanted to be able to host them in person and virtually. Now, we’ll be better suited to host ISO, IEC and other international gatherings,” said Kiser. “Alexandria has been our home for 30 years. When we looked to make this decision, we considered other locales, and our board of directors chose to reinvest in Alexandriadue to its proximity to Washington, D.C., airports, hotels, as well as its historic character and lifestyle.”

OPEI’s new King Street location is on the historic main thoroughfare in the bustling heart of Old Town Alexandria, and is within walking distance to several hotels. It is one block from the King Street Metro station, the second subway stop from Washington National Airport. It will also have private offices reserved for members when they visit the D.C. area.

OPEI closed on its new location on Aug. 15, and the move represents a multi-million-dollar investment. OPEI has retained OTJ Architects of Washington, D.C., for the project.

“In 1987, OPEI’s board was prescient and chose to relocate from Washington, D.C., to Alexandria and built its current building. The current building met our needs for three decades and appreciated considerably. Our new building prepares us for future growth and engagement,” said Kiser.

About OPEI
The Outdoor Power Equipment Institute (OPEI) is an international trade association representing more than 100 power equipment, engine and utility vehicle manufacturers and suppliers. OPEI is the advocacy voice of the industry, and a recognized Standards Development Organization for the American National Standards Institute (ANSI) and active internationally through the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) in the development of safety and performance standards. OPEI is managing partner of GIE+EXPO, the industry’s annual international trade show, and the creative force behind the environmental education program, TurfMutt.com. OPEI-Canada represents members on a host of issues, including recycling, emissions and other regulatory developments across the Canadian provinces. For more information, visit www.OPEI.org.

Media contacts/Image Requests
– Ami Neiberger-Miller, Four Leaf PR on behalf of OPEI, 703-887-4877, ami@fourleafpr.com
– Suzanne Henry, Four Leaf PR on behalf of OPEI, 434-972-7278, suzanne@fourleafpr.com

 

SOURCE Outdoor Power Equipment Institute (OPEI)

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Read full article at: https://www.prnewswire.com/news-releases/investing-in-the-future-opei-purchases-new-headquarters-building-300506826.html