D.C. is in the middle of a restaurant boom, but one of the city’s most affluent and established neighborhoods is seeing a wave of restaurant closures.
The neighborhood’s median home value hovers around $1 million, and a one-bedroom apartment costs around $2,000 a month. The area is Metro accessible and bus lines run up and down its main artery.
So why can’t Cleveland Park keep its most popular restaurants in business? According to experts, there are a few reasons.
“A lot of restaurant concepts are changing, and what I’ve heard from our brokerage community is some of the footprints just aren’t fitting new restaurant concepts,” said Bruce Leonard, managing principal at the Bethesda, Maryland-based firm Streetsense.