FCP℠, Level 2 Development and Clark Enterprises announce a 3,255 square foot retail lease with Orangetheory Fitness at Highline Union Market in Washington, DC. The Highline, a 318-unit apartment community now under construction at 320 Florida Avenue, NE in the Union Market District of Washington, DC, will include highly amenitized luxury apartments and approximately 10,000 square feet of first floor retail space, including the Orangetheory Fitness space. Highline Union Market is expected to begin resident move-ins this spring.
“We are excited to bring Orangetheory Fitness to Highline Union Market. Its brand and approach to fitness will resonate with the fitness-conscious residents and professionals living and working in the Union Market District and NoMa neighborhoods,” said David Franco, principal of Level 2 Development.
“Orangetheory Fitness is the first of several exceptional retailers coming to Highline Union Market, which offers unique ground-floor retail opportunities on Florida Avenue, and puts its mark on a rapidly expanding neighborhood,” commented Steve Gaudio of District Equities.
“We are excited to come to the Union Market District and join a great host of neighbors at Highline Union Market,” said George Leppert, managing partner of Leppert Holdings and owner of some of Washington, DC’s Orangetheory Fitness locations. “Orangetheory Fitness is dedicated to providing our fun, scientific approach to fitness to this community and to those who are looking for an innovative workout in the Union Market and NOMA neighborhoods.”
Designed by Eric Colbert & Associates, the 12-story, modern-industrial architectural design at The Highline integrates warehouse-style windows with industrial-framed glass cubes that weave in and out of the Florida Avenue façade at varying depths. The project was inspired by New York’s meatpacking district and the elevated park known as the High Line. Other unique elements of the design include materials reminiscent of rail cars, and steel columns that echo the riveted steel supports of the nearby railroad underpass. Located one block from the NoMa/Gallaudet Red Line Metro Station, Highline Union Market will provide a significant pedestrian connection between the NoMa and Union Market neighborhoods through a park it will build adjacent to the project.
The Highline will include a rooftop pool as well as sustainable features equivalent to LEED Silver, including a green roof, bio retention facility, energy-efficient building design and 105 bicycle parking spaces. The Highline will offer its residents and retail businesses extraordinary access to nearby amenities including the dozens of retailers and restaurants at Union Market, now one of Washington, DC’s top destinations, the vibrant NoMa business district, Gallaudet University, the NoMa/Gallaudet Metro Station and Union Station.
FCP, Level 2 Development and Clark Enterprises extend their appreciation to District Equities for their representation.
FCP℠ is a privately held real estate investment company that has invested in or financed more than $6 billion in assets since its founding in 1999. FCP invests directly and with operating partners in commercial and residential assets. The firm makes equity and mezzanine investments in income-producing and development properties. Based in Chevy Chase, MD, FCP invests both its commingled, discretionary funds and separate accounts targeted at major real estate markets in the United States. FCP is invested in 35,800 multifamily units and 3.9 million square feet of commercial space. For further information on FCP, please visit www.fcpdc.com.
About Level 2 Development, LLC
Level 2 Development, LLC is a Washington, DC based real estate firm specializing in the development, land acquisition, entitlement, and construction management of luxury residential and mixed-use projects. Since its founding in 2005, the company has led the development of more than 1,500 residential units and 75,000 square feet of retail space, representing transaction volume in excess of $350 million. For further information on Level 2 Development, please visit www.level2development.com.
About Clark Enterprises, Inc.
Clark Enterprises, Inc. (CEI) is a diversified investment company based in Bethesda, MD that was founded in 1972. CEI has been an active real estate investor since its inception, growing its real estate portfolio to approximately $1 billion of CEI equity value. The CEI portfolio includes stabilized assets and development projects totaling 3,300,000 square feet of office space, 8,000 residential units, and 1,300 hotel rooms primarily located in the Washington, DC area. For further information, please visit www.clarkenterprises.com.