Radio Shack/Sprint at Eastern Market Metro Is Closing
By Larry Janezich
Radio Shack at Eastern Market Metro is closing, and the store’s contents are being sold at a deep discount. The staff said the store’s final day had not been set and that store was closing “Because the big bosses at Radio Shack decided to close it.” Sprint, which occupied a portion of the space, moved out last Friday. Radio Shack took out Chapter 11 bankruptcy in February of 2015 and announced plans to sell some 2,400 stores to a Wall Street hedge fund, Standard General.
Asked for her reaction to the store’s closing, Leah Daniels, owner of nearby Hill’s Kitchen, said that she will miss having them as neighbors; “I’m sorry for the continuing loss of retail on Barracks Row and the Capitol Hill corridor – it shows how important it is for community members to shop in local stores.”
Plans for the building at 717 D Street, SE, are uncertain. Long time Capitol Hill investor Maurice Kreindler owns the building, as well as several other adjacent properties, including the currently empty former Long and Foster location next to Starbucks and the currently empty pet store next to the building housing &Pizza – which Kreindler also owns. A source familiar with Barracks Row businesses told CHC that Kreindler has expressed a desire to put a restaurant in the Radio Shack location.
Update: Barracks Row Executive Director Martin Smith told CHC, “We’ve already reached out to the landlord about helping to recruit a new tenant … and I think the space has great visibility and a lot of potential. I know a few different retailers that have been interested in space on Barracks Row for a while that might be a good match for something that size.” As CHC has reported previously, the asking price per square foot for leases in the 700 block of Barracks Row are among the highest in the city.