Insights Jan 21, 2019

EXPERT OPINION: Richard Lake from Roadside Development on Amazon HQ2 in Arlington VA

Our CRE industry expert interviews conclude (for now!) with Roadside Development LLC‘s Richard Lake who is looking forward to the positive impacts of Amazon HQ2 on our local DMV marketplace. Check out our video to learn more and hear about their exciting redevelopment project of the Fannie Mae building in DC!

Christian:                      00:03                Hello everyone, Christian Gorissen with RealAtom. I’m here with Richard Lake from Roadside Development.

Richard:                        00:07                Nice to see you, Christian.

Christian:                      00:07                Nice seeing you. Richard, can you give us a little bit of a background on Roadside?

Richard:                        00:12                Sure, sure. So Roadside Development is a DC-based development company. You got its roots started off doing retail leasing and development, and then grew into a mixed-use project. And now we’re about to start our biggest project, which is a 1.2 million square foot redevelopment of a formal Fannie Mae, a headquarter building on Wisconsin Avenue in DC.

Christian:                      00:31                Yeah, that’s an incredible building. Richard, curious to hear your opinion on the Amazon HQ move here to the region and how it’s going to be an effect.

Richard:                        00:39                Well, I mean I think anytime an entity like Amazon chooses your marketplace to make this second home will quickly make it their first home, is a great confidence builder for the entire marketplace. So you know, in any way Amazon being in Arlington or wherever they decided to be posting them Washington metropolitan area, it’s going to positively impact our experience. It’s going to bring a great workforce. It’s going to help stabilize some buildings. It’s going to put us additionally on the map or more. You know, DC was constantly trying to distance herself from just being a government town that in all these other industries. So having Amazon added itself to a list of other companies that decided to make Washington its home is wonderful.

Christian:                      01:27                Great. Richard. Thank you very much. Good luck in your Fannie Mae devolvement. They’re exciting and thank you for coming.

Richard:                        01:31                Thank you. My pleasure. Thank you.

 

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