EastBanc & Jamestown Secure Lease for Calypso St. Barth in its Georgetown Renaissance Portfolio

Luxury Lifestyle Women’s Clothier & Home Collection Brand to Open First DC Location Complementing Blend of Fashion and Design Tenants In Georgetown Renaissance Portfolio And Nearby Cady’s Alley
By: Bulldog PR
 
 
3307 M Street
3307 M Street
WASHINGTON - June 3, 2013 - PRLog -- Washington, DC – Effortless elegance is coming to Georgetown. EastBanc, Inc. and Jamestown announced today that Calypso St. Barth  -- the upscale women’s apparel and luxury home furnishings retailer -- has signed a ten-year lease to occupy the retail space at 3307 M Street NW in its Georgetown Renaissance portfolio. The expansive 2,718-square-foot showroom space will serve as the store’s first DC location and will replace the current double occupants AT&T Wireless and Salon Rafik. Calypso St. Barth will aim for a grand opening in early spring 2014.
Loved by women of all ages, Calypso St. Barth combines exquisite textures, rich colors and special embellishments to offer a refreshing sense of escape. Founded in 1992, the brand has grown from a modest resort-wear boutique to a luxury lifestyle brand, including an exotic home collection.
The home collection features pieces by contemporary American and European designers and mixes natural textiles from around the world to transform any living space into an effortlessly chic haven.
The Calypso St. Barth retail space is a prime commercial streetscape property in Georgetown’s M Street corridor. Augmenting the collection of distinguished designer brands currently located in the EastBanc and Jamestown Georgetown Renaissance portfolio, Calypso St. Barth will round out the retail quarter as DC’s ground zero of modern fashion, furniture and lifestyle goods. The Calypso St. Barth lease agreement is part of the recent surge of Georgetown Renaissance leasing activity that includes deals with popular home retailers such as CB2 and West Elm and luxury fashion retailers such as Intermix. The Calypso St. Barth deal also confirms Georgetown’s movement westward toward stylish lifestyle brands and will balance the current mix of fashion tenants – Intermix, Bonobos, Babette, Relish, City Sports and The North Face – with women’s well-appointed apparel.
“Calypso St. Barth will deliver a combination of sophistication in both fashion and design disciplines to the vibrant retail community in Georgetown.” said Anthony Lanier, president of EastBanc. “The store’s blend of fashion and home furnishings makes this brand a perfect fit for the Georgetown Renaissance portfolio that supports our commitment to the neighborhood’s status as Washington’s premier retail destination.”
EastBanc and Jamestown’s Georgetown Renaissance portfolio is a unique collection of high-end retail properties in one of Washington, DC’s premier retail locations. The portfolio also includes boutique office space and 16 luxury rental apartments. Georgetown Renaissance consists of more than 300,000 square feet across 17 properties in Georgetown and one property in Alexandria, Virginia, and it includes the area commonly referred to as Cady’s Alley. The two companies are working on an additional 30,000 square feet of new leases within the portfolio.
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About Georgetown Renaissance Portfolio
The EastBanc and Jamestown Georgetown Renaissance portfolio
features international and local home furnishing retailers as well as trendy boutiques, along with the popular Kafe Leopold restaurant nestled in the Cady’s Alley central courtyard with indoor and outdoor seating. Cady’s Alley, frequently called the Georgetown Design District, is a truly unique design-focused shopping destination within an entire city block of Washington’s historic Georgetown neighborhood.  Retail showrooms feature lofted ceilings, glass and steel walls and stairs, exposed brick, and dramatic skylights.  The retail corridor also includes the chic L2 Lounge, a prominent evening establishment, and a quaint pedestrian-friendly alleyway, accessible from 33rd, 34th and M Streets, NW.  

About EastBanc, Inc.
EastBanc, Inc. specializes in the acquisition, redevelopment and management of commercial real estate assets. The firm’s long-term appreciation strategy emphasizes the creation of enterprise value in targeted markets through targeted deployment of investor capital.  The cornerstone of EastBanc’s enterprise value strategy incorporates its unique ability to influence sizeable portions of urban streetscape with significant capital upgrades and master-planned leasing.  With an emphasis on urban mixed-use investment, EastBanc’s developments include upscale retail, luxury residential, Class A and Class B office and luxury hotel property types. For more information, visit www.eastbanc.com.

About Jamestown
Founded in 1983 with headquarters in Atlanta, Ga. and Cologne, Germany and offices in New York City, San Francisco, Washington, D.C. and Boston, Jamestown is a leader in acquisitions and value added management. Over 29 years, Jamestown has generated approximately $8 billion in strategic investments. The company is focused across the risk spectrum with core, core-plus and opportunistic funds in two primary markets: 24-hour cities and Sunbelt regions with strong demographic growth. For more information, visit www.jamestownproperties.com.
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Source:Bulldog PR
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Tags:EastBanc, Jamestown, Georgetown
Industry:Real Estate, Apparel
Location:Washington - District of Columbia - United States
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