The Future of Griffin Market
The Griffin Market has unfortunately closed it doors for what we are assuming will only be for be a very short period of time. This market is and has been part of the neighborhood for generations and holds a very special place in my heart, as I am the granddaughter of the original owners. My grandparents acquired this property back in the 1930s, and the market was my grandfather’s first place of business. My father and his brothers were born in the apartment upstairs, and grew up there for a time. So this is not just a building owned by an out-of-towner.
My grandparents operated the market for many decades. They did eventually sell the business, but have always owned the real estate, and over the years have leased the space to a few different tenants, always with the notion of maintaining the original integrity of having a local, friendly neighborhood market.
Upon the death of my grandmother in 2008, it was requested that I manage the asset on behalf of the Miller Family. The same lease has been in place since the 1980s and has simply been assigned over the years, but with very minimal rental increases. In June and July of 2010, the tenants exercised their option to extend the existing lease through 2018 in writing, but in February announced that they would be leaving and closed their doors. Under the current lease, the rental increase amounted to a total of $84 and not 40% percent, as previously stated. As far as plans for the building are concerned, we are in the process of replacing the windows as well as making minor allowable improvements to the exterior, all in conjunction with the Historic Preservation Society, and I believe we are in the final stages of that approval process.
I am a 5th generation Washingtonian, having attended the National Cathedral School. Having grown up in the District and having heard my family talk about the city and Georgetown, and knowing how they grew up in the area makes this matter even more important to me and my family. This property represents a period in time when small business owners could prosper, and it is my goal as the manager to hold it in the same regard. Our family continues to live and operated businesses in and around the city and will continue to maintain a presence in the city. We will always call it home.
I would like to take this opportunity to assure neighbors that we are actively working to find the perfect tenant for this space, and I’m sure the new tenant will welcome your business and support. It is extremely important for us as a family to maintain the integrity of this building, this neighborhood, this city and Griffin Market, and we thank everyone for their continued support.