Stanton Eastbanc Launch Leasing Efforts for Hine Project Retail/Office Space – Latest Renderings
Project Has Changed Since Zoning
By Larry Janezich
Stanton-EastBanc has launched the marketing of the retail and office space in the Hine project scheduled to open in the fall of 2017. There are 14 retail spaces available – ten in the main South building ranging from 3800 s.f. to 1700 s.f., and four in the North Building, ranging from 1500 s.f. to 800 s.f.
These do not include the Trader Joe’s already scheduled for the below grade corner of the project at 7th and Pennsylvania Avenue, nor the infant day care facility scheduled for the first floor corner of 8th and Pennsylvania Avenue. Sources tell CHC that SEB is negotiating with a major national retail outlet to anchor the first floor retail space at 7th and Pennsylvania.
No word yet on marketing of the residential space, but indications are the units will be apartments rather than condos as originally planned.
The project has changed modestly since it went before the Zoning Commission for final approval.
46,699 s.f. of retail has been increased to 60,000 s.f.
163,392 s.t. of office space has been reduced to 150,000 s.f.
158 residential units have been increase to 162
260 parking spaces have been increased to 320
The At Eastern Market website claims some interesting facts regarding the neighborhood – though not specifically stated – perhaps defined by the census tract – see below.
The two marketing websites list an Eastbanc telephone number as the contact for questions, though the At Eastern Market website says Stanton-Eastbanc is handling development and retail. A third entity – Jones Lang Lasalle (JLL) is listed as a team member on the 700 Penn website office leasing website and appears to be a property management company.