Contact Us
News

16 Things You Need to Know This Morning

Washington, D.C. Morning Brief Washington DC
Washington, D.C. Morning Brief
June 26, 2014 Bisnow
16 Things You Need to Know This Morning
What You Don't Know About Richard Lake
Title: Partner, Roadside Development.
Background: Started it 17 years ago with Armond Spikell (who hired him out of college to work at Smithy Braedon) and Todd Weiss (land developer doing shopping center in Sterling who hired him to lease it up); Richard eventually ran Smithy's retail group.
Reason for name: Did a lot of CVS's, sitting around one night decided they built things along road.
Projects: Cityline at Tenley (204 luxury condos above 90k retail in former Sears store), Stonebridge at Potomac Town Center in Woodbridge (300 apts, 500k retail like Wegmans, REI, and Apple). 
Most recent: City Market at 0--4 acres, 497 apartments in three towers, Cambria Suites in fourth tower, 90k feet of retail including biggest Giant in city; Mintwood opening a restaurant.
Future projects: Negotiating three grocery-anchored projects, hope to announce in 2-3 months a sort of O Street Market for close-in Northern Virginia.
Specialty: Residential on top of retail; 16 grocery stores.
Grew up: Silver Spring, went to Churchill, father owned lots of stores including Zebra Room.
First job: Bond company in Boston, was going to be Wall Street trader, then market crashed.
Most complex assignment: City Market--involved TIFs, federal HUD money, historic preservation, EB-5 financing, Obama fast track infrastructure.
Favorite song/music group: Thunder Road, Springsteen, have seen him four times.  
Favorite book: Pillars of the Earth, how culture grows out of structures.
Favorite vacay: Sailing with family in BVIs on 46 foot catamaran.
Fam: Married college sweetheart, two girls and a boy (24, 21, 16).
Startling fact: Kids make fun of him for wiping eyes at movies—in case you don't think developers can be sensitive. 

16 OTHER THINGS YOU NEED TO KNOW THIS MORNING
Republic Properties Closes $65M Construction Loan for 660 North Capitol St
Top Ten Retail Destinations in D.C.
Thomas O’Brien Named President at LCOR
Get to Know Two Third-Generation Members of Minkoff Development
PREMIUM EVENT: DC Private Equity Real Estate Summit (July 29th)
Does the Consumer Protection Agency's HQ Need a $139M Upgrade?
Neighbors Fight D.C. Parish’s Expansion Plan
In Maryland, a Major Push to Become a 3D Printing Hub
DC's Three EcoDistricts Join National ‘Target Cities’ Program
Bisnow's Northern Virginia State of the Market (July 23rd)
NYT: Tysons, a Northern Virginia Crossroads, Waits Impatiently for the Train
New Landscape Planned for Tysons to Make it More Friendly to Walking, Cycling
James Beard Award Winner Chef R.J. Cooper to Unveil First Virginia Restaurant
GSA Releases Renderings of Homeland Security HQ
Capital Fringe Buying Contemporary Art Gallery at 1358 Florida Ave NE
Yet Another M St. Restaurant Space Converts to Retail
Contact at
Related Topics: Roadside Development, What You Don't Know About, Morning Brief (DC), Northern Virginia State, City Market, Cambria Suites, Construction Loan, Street Market, Potomac Town Center, Minkoff Development, Thunder Road, Todd Weiss, Homeland Security HQ