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Our sister site Curbed DC has all the photos and info about the Georgetown BID's ambitious Georgetown 2028: 15 Year Action Plan, which includes streetcars, gondolas, and Metro station. Besides improving streetscapes and adding more retail that serves the neighborhood, one intriguing idea in the plan is the prospect of adding retail options on K Street and in the Waterfront District. In the plan, the Georgetown BID suggests that this could help draw local shops and small boutiques back to Georgetown:
"Many small boutiques, local independent retailers and restaurants that once populated M Street have moved further up Wisconsin Avenue, its side streets, or have left Georgetown altogether due to high rents and changes in the way buildings are owned and managed. National chains and high-end retailers have diversified Georgetown's offerings and created a rent differential along the main corridors that can make the commercial district below M Street more appealing to retailers and independent restaurants that want to be in Georgetown – creating a vibrant Waterfront District."
With a new streetcar route to Georgetown, visitors will disembark by the Waterfront, and the BID suggests that this is a opportunity to further revamp K Street and extend the retail district on adjacent north-south streets that connect M and K Streets. This will open up options for "new, distinctive spaces for retailers and restaurants with potentially lower rents."
· Here Are the Highlights of the Georgetown 2028 Action Plan [Curbed DC]
· Georgetown 2028: 15 Year Action Plan [Georgetown BID]