Washington D.C.
Rockrose Buys 555 11th Street NW for $300M
Rockrose Development Corp. continues to expand in the Washington, D.C. market. The New York City-based company has recently purchased the class A Trophy building at 555 11th Street, NW in the city’s East End submarket, for $300 million.
Montgomery County, StonebridgeCarras, Bozzuto Form Partnership to Redevelop Downtown Wheaton
Downtown Wheaton is getting a makeover. Montgomery County, StonebridgeCarras, LLC and The Bozzuto Group have recently formed a joint venture and plan to start work on about 1.1 million square feet of mixed-use projects that will reshape the Wheaton Triangle and the site of the Maryland-National Capital Park and Planning Commission headquarters in Silver Spring.
Bozzuto Celebrates Major Milestone at 460NYA
Bozzuto Homes, a subsidiary of The Bozzuto Group, is working hard to answer the need for condominiums in the Washington, D.C. area. In the Mount Vernon Triangle neighborhood, at 460 New York Avenue, the company is developing an 11-story condominium community and has recently celebrated the ”topping out” of the building.
Executive Insights: Jeff Sussman, Property Group Partners
The $1.3 billion Capitol Crossing mixed-use development is one of the most ambitious projects currently under construction in Washington, D.C. It’s developed by Property Group Partners and it calls for the construction of a 2.2 million-square-foot mixed-use destination above a portion of I-395. Once complete, it will feature four office towers, a 150-unit apartment building, retail and many other amenities.
MRP Realty Celebrates Grand Opening of 400-Unit Elevation at Washington Gateway
In a Washington, D.C. apartment market with strong demand for rentals, one developer has just added 400 more units. On Thursday, October 23, MRP Residential, a division of MRP Realty, celebrated the grand opening of the Elevation at Washington Gateway, a Class A apartment building located at 100 Florida Avenue, NE.
TIAA-CREF, Norges Buy Prime Office Set in DC
TIAA-CREF and Norges Bank Investment Management have acquired 800 17th St., N.W., in Washington, D.C., for a reported record $1,075 per square foot – $392 million – for the 364,000-square-foot trophy property.
MRP, Rockpoint Unveil $120M Tysons Overlook
Officials from MRP Realty and Rockpoint Group, L.L.C. were present on Wednesday, October 22, in Tysons Corner, to unveil the region’s newest office tower. Its name is Tysons Overlook and it is located at 7940 Jones Branch Drive.
Hilton Worldwide to Launch New Canopy Hotel Brand at Rockville’s Pike & Rose
Hilton Worldwide recently announced its plans to launch a new brand of lifestyle hotels, called the Canopy. In the next few years, the company will open eleven such hotel in the United States and England.
Springfield Town Center Finally Open for Business
After two years of renovations, the former Springfield Mall is again ready to receive shoppers. The large retail property re-opened on October 17, with a new design and a new name: Springfield Town Center.
Team of OMA + OLIN Wins 11th Street Bridge Park Design Competition
When the 11th Street Bridge Park Design competition launched on March 20, 2014, more than 80 companies representing 41 landscape architect/architect teams submitted their proposals to transform an old freeway bridge into the D.C.’s first elevated park, over the Anacostia River. Now, after seven months, the winner has finally been announced.