Washington D.C.
Old Woodridge Library Torn Down to Make Way for State-of-the-Art Facility
Mayor Vincent C. Gray and DC Public Library Executive Director Richard Reyes-Gavilan met with residents on Wednesday, May 7, to celebrate the demolition of the old Woodridge Library. It will make way for a new, modern library, able to meet the current and future demands of the community.
Northern Virginia’s First Children’s Science Center to Open In Dulles in 2019
The Children’s Science Center announced on Tuesday, May 6, its plans to open two hands-on, interactive STEM-based facilities (science, technology, engineering and mathematics) in Northern Virginia. The two facilities will be the first of their kind in the region.
Marriott Opens $520M Marriott Marquis Washington, DC
Marriott Hotels has recently reached an important milestone. On May 1, the company announced the opening of its 4,000th hotel, the Marriott Marquis Washington, DC. The hotel’s inaugural catered event will be held on May 10, while its formal dedication and grand opening will be held a month later, on June 10.
Washington Real Estate Investment Trust Buys Downtown Washington, DC, Office Building for $104.5M
Washington Real Estate Investment Trust continues its buying spree in downtown Washington, D.C. The Rockville-based real estate investment trust announced on May 1 it has acquired the office building at 1775 Eye Street, NW, in the city’s Central Business District. The property changed hands for $104.5 million.
Victoria Condominium to Open In DC’s 14th Street Corridor This Summer
A new condominium building is getting ready to open in D.C.’s 14th Street Corridor. Drummond Development, a subsidiary of The UIP Companies, is putting the finishing touches on Victoria, its second condominium project on Chapin Street.
Federal Report Finds Big Loss in Bethesda-Rockville-Frederick Construction Jobs
The Arlington-based Associated General Contractors of America has recently released a new analysis of federal employment data. Although construction employment increased in most metro areas between March 2013 and March 2014, Maryland’s Bethesda-Rockville-Frederick region lost an important number of jobs.
New Hilton to Open in Prestigious Georgetown Neighborhood in May
A new hotel is coming to the District. The Hilton Garden Inn Washington DC/Georgetown Area will open in the high-end Georgetown neighborhood this May. OTO Development partnered with Starwood Capital and Perseus Realty to develop the hotel.
JBG Breaks Ground on 31-Story Residential Tower in Rosslyn
Earlier this year, at the start of February, the JBG Companies announced it has entered into a joint venture partnership with the State Teachers Retirement System of Ohio to develop a 31-story, glass residential tower in Rosslyn, Va. On Wednesday, April 23, the Chevy Chase-based developer officially broke ground on the project.
Developers Break Ground on Trophy Office Building in Downtown D.C.
The JBG Companies has partnered with ICG Properties and Rittenhouse Partners to develop a new trophy property, meant to enhance Washington’s lower 16th street corridor. On April 22, representatives from the three companies were joined by city officials for the groundbreaking of 900 Sixteenth Street, a new Class A building located just two blocks from the White House.
Capitol Real Estate Development Secures $5M Loan for Housing Development in Congress Heights
After years of bad luck, a residential project looking to bring condominiums and townhouses to Washington, D.C.’s Congress Heights area is finally getting ready to take off. LYNK Capital, LLC has recently closed a $5 million loan for Woodcrest Holdings, LLC, a subsidiary of Capitol Real Estate Development, LLC, the project’s developer. The loan will be used to finance the construction of Phase 1.