MULTIFAMILY & TECHNOLOGY NEWS

 

 

  • 585,000 square feet. Wrap your head around that for a second. Amazon just increased its footprint in Crystal City by signing a 48k SF lease. Their ‘National Landing’ project will reportedly bring over 25k jobs to the area.

 

  • Lululemon has a handle on retail. The popular activewear company did $3.3b in sales last year with 74% of them coming from brick-and-mortar. Part of their 5-year plan includes a shift to experiential stores and increasing their apparel offering to men. Nick Foles (former Eagles QB) became Lululemon’s first signed male ambassador.

RETAIL & OFFICE NEWS

  • What do renters really want? According to a recent survey by Greystar, here’s what topped the list.-Swimming pool (in cold and warm climates)
    -Pet-friendly features
    -Soundproofing
    -In-Unit washer and dryer
    -Hardwood floors
    -Stainless-steel appliances
    -An eating area

 

  • Elite amenities hit Charleston, SC multifamily development. 511 Meeting Steet is slated for a July 1st opening. The 221 unit development features over 9,000 SF where ‘residents can work privately, engage with one another socially or professionally, focus on their wellness through a custom-designed fitness menu, enjoy community gatherings and more.

 

  • The tallest building in Brooklyn? Answer: Brooklyn Point. The 68-story building stands at 720 feet high. Brooklyn Point features over 40k SF of lifestyle amenities and services, including a 65′ indoor saltwater pool, rock climbing wall, yoga studio and more.

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