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Ulta Beauty Opening 1st DC Store at Hecht Warehouse

Ulta Beauty Opening 1st DC Store at Hecht Warehouse


UrbanLand Company
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Douglas Development’s Hecht Warehouse project has a new tenant arriving soon. National beauty supply and beauty salon Ulta Beauty will be opening their first DC location inside the project. Tenant improvements on their build-out is already underway.  The company’s DC location at Hecht Warehouse adds to it’s portfolio of Maryland and Northern Virginia location.

ulta-beauty

“Any time major new retail brands enter a developing neighborhood, it can be a real benefit for those who already live in the immediate area. Besides the immediate effect of having great new places to shop and new jobs, there is a spillover effect on housing values that help nearby homeowners,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “We see it a lot – there’s entire studies on the effect places like Whole Foods and Trader Joe’s have on home prices once they appear in a residential zone!”

The Hecht Warehouse project is located at 1401 New York Ave. NE is a 450,000+ mixed use project by local developer Douglas Developmen on the site of the central warehouse for the Hecht Company retail store chain. It’s a 6 story building built in the 1930’s and expanded in the 1940’s that is currently under redevelopment.

A 900+ spot parking garage is already in place, stores like MOM’s Organic are open, and construction is nearly complete. Over 300 apartments will go into the existing warehouse structure along with 150,000 square feet of new retail.

Thanks to the BizJournals on the retail alert!

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