Golden Triangle

Golden Triangle Shares Plan to Revitalize Downtown DC Office Corridors

February 26, 2024

Downtown Action Plan Highlights Strategies to Create Resilient and Mixed-Use Downtown that is Welcoming to Everyone

WASHINGTON, DC  (February 26, 2024) – The people who work in or visit the Golden Triangle in Downtown Washington, DC, will see a very different neighborhood in the future under a bold and comprehensive new plan released today by the Golden Triangle Business Improvement District (BID) and the DowntownDC BID.

Golden Triangle President Leona Agouridis said the wide-ranging ‘Downtown Action Plan,’ or DAP, will help create new residential housing, target more focus on developing a tech ecosystem and global marketplace along Pennsylvania Avenue west of the White House, grow a downtown university presence, improve green space, address traffic issues and crime, and chart a path for future investment.

“Creative new uses for buildings and public spaces in the Golden Triangle are a tremendous opportunity to transform the central office corridor running through DC’s downtown,” said Agouridis, who helped develop and write the DAP along with District leaders, the DowntownDC BID and others.

Agouridis unveiled highlights of the DAP alongside Mayor Muriel Bowser, DC Deputy Mayor for Planning and Economic Development Nina Albert, DowntownDC BID President Gerren Price, and other officials leading the way in remaking the city’s central business district. The event was held at the Woolly Mammoth Theatre Company in the District and the full event can be viewed here.

“The plan identifies new avenues for creating demand for downtown with the intent of transforming our central business district so more people choose to come here. We’re recommending a range of strategic investments, and I am very optimistic about the future of the Golden Triangle,” added Agouridis.

The DAP is centered on five foundational elements and five key geographic nodes, which were determined following an extensive engagement process that included input from the public as well as private and public sector officials, research, expert analysis, and a review of funding available in Bowser’s budget. A complete version of the DAP will be released in May.

Highlights from the plan include foundational priorities:

  • Anchoring Downtown’s Comeback in Public Safety;
  • Creating a Place of Choice to Locate and Do Business;
  • Building a Residential Base;
  • Planning for Transportation as an Asset;
  • Making It Happen.

Within the DAP, there are five distinct place-based opportunity areas and three of them are geared primarily towards transforming the Golden Triangle. They include:

  1. Historic Green Triangle: The proposed actions would create a connection among beautiful parks and public spaces downtown that are underutilized. By linking Farragut Square, McPherson Square and Lafayette Square there would be a unique walkable experience that celebrates the rich history of DC’s downtown.
  2. Downtown West: There is a recommendation to establish a new entertainment, hospitality, and cultural district, sparked partly by existing redevelopment. Actions include the creation of a new entertainment anchor venue in the Golden Triangle.
  3. Penn West Equity, Innovation, and University District: The area along Pennsylvania Avenue west of the White House offers a unique combination of global institutions, an R1 university, and proximity to the seat of government. Actions include transforming the area to bring together tech companies from around the world, increasing demand for office space and creating a global marketplace.

The additional two opportunity areas focus outside of the Golden Triangle BID and address Penn Quarter/Chinatown and Downtown East.

For more details, please review the Downtown Action Plan Highlights at https://www.reimaginedowntowndc.com

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About the Golden Triangle Business Improvement District

Formed in 1998, the Golden Triangle Business Improvement District (BID) enhances Washington, DC’s central business district, the 44-square-block neighborhood stretching from The White House to Dupont Circle. For more information, visit goldentriangledc.com and follow the BID on X (Twitter), Facebook, Instagram, and LinkedIn.

 

Media Contacts
Karyn Le Blanc at 202-497-4572, karyn.leblanc@kglcommunications.com; or Vince Morris at 202-503-6802, vince.morris@kglcommunications.com