Washington D.C.
Marriott International to Open AC Hotel Washington, D.C. at National Harbor
Marriott International, Inc.’s is getting ready to open its third AC Hotels branded property in the United States. The AC Hotel Washington, D.C. at National Harbor will welcome its first guests next month. It will be the first AC Hotel in the Northeast.
Schupp Cos. Constructs World’s Only LEED Gold Hyatt Place
Greater D.C. is getting a new hotel. The Schupp Cos. broke ground last week on a new Hyatt Place hotel. According to the developer, not only will it be the first LEED Gold hotel in the Arlington area, it will also be the only LEED Gold Hyatt Place in the world.
JBG Sells Reston International Center to American Real Estate-Square Mile JV
The 15-story office tower known as the Reston International Center is now under new ownership. American Real Estate Partners purchased the property in a joint venture with funds managed by New York-based Square Mile Capital Management LLC. The sale price was $35 million.
Boston Properties, Home Properties Reduce D.C.-Area Apartment Portfolios
Investors continue to show a lot of interest in the Washington, D.C. apartment market. Last week, it was revealed that three more apartment communities in the area have changed hands this winter or are under contract to change hands.
Level 2 Plans 315-Unit Apartment Building at Union Market
Level 2 Development, LLC plans to bring an apartment building with more than 300 units in northeast Washington, D.C. The company has recently filed a Planned Unit Development Application with the Zoning Commission for a project called The Highline at Union Market.
Behind Rosslyn’s Growth: Q&A with Mary-Claire Burick
Rosslyn, in Northern Virginia, is fast becoming one of the most interesting places in the United States. Located close to the heart of Washington, DC, the neighborhood is home to more than 8 million square feet of office space, more than 2,000 hotel rooms and some of the tallest buildings in the metropolitan area. The Rosslyn Business Improvement District has played an important role in the neighborhood’s transformation into a more exciting commercial and residential community. Mary-Claire Burick has been president of the BID since September 2013 and she has agreed to talk to us about this fascinating neighborhood.
Developers Unveil Mixed-Use Community in Alexandria
Mayor William Euille joined officials from Mill Creek Residential Trust LLC and AEW Capital Management, L.P. last week, to help unveil a new mixed-use community in Alexandria’s West End. Called the Modera Tempo, it is the first new development to be completed within the Landmark/Van Dorn Small Area Plan.
Arlington County Approves 450-Unit Apartment Project
The Washington, D.C. area is about to get even more apartments. Last week, the Arlington County Board voted unanimously to approve the redevelopment of an old office building into more than 450 apartments.
Retail Properties of America Acquires Two More Washington, D.C.-Area Shopping Centers
Retail Properties of America, Inc. is expanding its Washington, D.C. portfolio of properties. The company has recently purchased two shopping centers in the metro area, for a total price of $121.5 million.
Noblis Leases 160,000 SF in Reston
Noblis, Inc. is moving its headquarters to Reston. The nonprofit science, technology, and strategy organization has recently signed a lease with The JBG Companies, for 160,000 square feet of space in two buildings on Edmund Halley Drive, adjacent to the future Reston Town Center Metro station.