An investment affiliate of Bernstein Management Corporation (BMC), a regional leader in real estate investment and management, has completed the acquisition of The Shay retail condominiums, consisting of 27,000 SF of ground floor retail situated directly below its existing multifamily asset The Shay, located across two buildings at 1921 and 1924 8th Streets NW in the Shaw submarket of Washington D.C.
Built in 2015, The Shay retail is home to leading destination retailers including Warby Parker, Le Labo, Union Kitchen Grocery and Rewild as well as eateries including Cracked Eggery, Gogi Yogi, Compass Coffee and Cava.
According to Bernstein Management Corporation CEO Josh Bernstein, “The acquisition of The Shay retail both creates operating efficiencies with The Shay apartment community and allows us to further our investment in the vibrant Shaw neighborhood with a best-in-class retail asset.”
BMC acquired The Shay, a 245-unit multifamily community, in June 2023.
For information about Bernstein Management Corporation, visit bmcproperties.com.