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When Starwood Urban Investments bought three Connecticut Avenue buildings last April and jacked up the rents, Dupont Circle residents worried that the developer would replace an eclectic mix of merchants with national chain stores (“Blocked Out,” 7/9/99). At least one storefront, however, has actually taken a turn for the weirder. “Peepsshow,” announces a sign in the window of the former Newsroom. The curbside exhibitionism, however, is no low-rent rival to the nearby Royal Palace strip club: The display is made of Peeps, the squishy, sugary marshmallow treats. Artist David Ottogalli created the exhibit, which includes the “Peeps Spangled Banner,” made from pink, white, and blue candies. Starwood President Robert Wennett says his company donated the space for the exhibit, which will run through the end of April. “Some said it was better than the cherry blossoms,” Wennett says. But architect John Wiebenson, who lost his 1739 Connecticut Ave. office after Starwood’s rent hike, could do without the sidewalk art. “That’s just horseshit,” he says. “I think it’s put into the corner to make it look less abandoned.” —Laura Lang