| LEASING OPPORTUNITY |
So you’ve always wanted to run an art gallery, perhaps an artist co-op, rent out studios to individual artists or maybe you are an artist who needs a huge amount of space for your studio to create massive installation pieces. Better yet, you’ve always wanted to run a museum or some type of art education program. Well look no further.
Come visit “The Cave” this weekend for your chance to preview approximately 7,500 square feet of space at very, very reasonable rates. The NOMA Business Improvement District has partnered with the owner of 16 M Street NE to seek out an arts organization who would like to lease the space over the next five years. East City Art has been told that there is a new roof, working HVAC (Heating and Air Conditining), a kitchen and a couple of bathrooms. From an arts perspective, it is turn-key. We’ve also been told that if you can not make this weekend, to contact the NOMA BID to preview the property (info listed below).
While there is a November 1 due date, the owner will review all proposals and may consider a time extension if needed to accommodate serious requests.
More information as follows from the NOMA BID:
NoMa Warehouse Available for Arts Uses
An approximately 7,500 square foot warehouse with parking is available for lease in the heart of NoMa at 1st and M Street NE, one block from the New York Avenue Metro. The NoMa Business Improvement District is publicizing the opportunity to arts and cultural entities that may be interested in leasing the space for office, studio, gallery, workshop or performance space or other related uses. The property owner, Stan Weinstein, has expressed openness to leasing the property for arts and cultural uses. The NoMa BID is interested in partnering with cultural organizations to make this a neighborhood hub of creativity. If needed, the BID is open to considering grant requests from organizations interested in the space.
|Warehouse Entrance. Photo courtesy of NOMA BID|
About the Property
Location: 16 M Street, NE. The building is located on M Street between North Capitol Street and First Street, NE, one block from the NY Avenue Metro.
Details: The warehouse is an approximately 7,500 SF one-story masonry building with three small offices, a kitchenette, two bathrooms along the west side of the building and a loading dock with two roll-up doors that faces M Street on the south side of the building. The window-less building is newly painted with new fluorescent lighting, heating and HVAC systems.
Parking Lot: An approximately 7,500 SF parking lot sits adjacent to the warehouse on the east side; the lot is fenced and gated, and contains about 22 parking spaces. The parking lot will be leased with the building.
Lease Term: 5 years; for rental rates please contact the owner.
|22 car secure parking space. Photo Courtesy of NOMA BID|
For more information on leasing rates, property information and other building details:
Stan Weinstein, Property Owner
For more information on possible opportunities for collaboration with the NoMa Business Improvement District, or additional information about the neighborhood:
Liz Price, BID President
|Side view of building (note the length of the structure)
Photo Courtesy of NOMA BID
About the Neighborhood
NoMa (north of Massachusetts Avenue) is a mixed-use neighborhood north of Massachusetts Avenue and the U.S. Capitol in Washington, D.C. Between 2007-2009, private developers have invested more than $1.5 billion in the 35-block area covered by the NoMa BID, and have plans to develop more than 20 million square feet of office, residential, hotel, and retail space over the next 15 years. More than 5,000 new employees and residents will move into NoMa in 2010, and more than 700,000 SF have already been leased in NoMa this year, putting the neighborhood on track to follow the successes of the past two years; NoMa leased more than 1 million square feet in both 2008 and 2009.
The warehouse building sits one block from the New York Avenue Metro station, and half a block from the First and M Streets, NE, intersection – this intersection will be a busy hub for residents, employees and visitors by the end of 2010 when Harris Teeter, CVS and other retailers are open.
About the NoMa BID
For more information about the BID, visit the BID Web site at www.nomabid.org. View their NoMa Summer Screen video www.nomasummerscreen.com for more information about theirsignature film festival event; and visit www.zestfestdc.org for more information on Zestfest, an upcoming beautification and arts event in October 2010.