{"id":1004552769,"date":"2021-10-05T03:12:33","date_gmt":"2021-10-05T11:12:33","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004552769"},"modified":"2022-12-08T18:24:44","modified_gmt":"2022-12-09T02:24:44","slug":"prelease-sparks-start-of-216m-trophy-tower-in-dc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/","title":{"rendered":"Anchor Lease Sparks Start of $216M Trophy Tower in DC"},"content":{"rendered":"<p>Skanska is making plans to commence construction of 17xM, a $216 million trophy office tower in Washington, D.C.&#8217;s central business district, now that the developer has secured an anchor tenant for the 330,000-square-foot project.<\/p>\n<p>Global law firm Gibson, Dunn &amp; Crutcher LLP just committed to approximately 163,800 square feet at the building, paving the way for Skanska to break ground in the fourth quarter of 2021.<\/p>\n<p>&#8220;There\u2019s demand for the top market office space. Securing an internationally renowned law firm further solidifies our belief that Skanska\u2019s new development at 17th and M streets will be a best-in class building,&#8221; Mark Carroll, an executive vice president with Skanska USA Commercial Development, told <em>Commercial Property Executive<\/em>.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/the-future-of-office-an-ecosystem-mindset\/\">The Future of Office? An Ecosystem Mindset.<\/a><\/p>\n<hr>\n<p>Gibson Dunn inked a 16-year lease agreement with Skanska, relying on JLL for representation in the transaction, while Skanska utilized in-house representation.<\/p>\n<div id=\"attachment_1004552787\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004552787\" data-attachment-id=\"1004552787\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/17xm-washington-d-c-office-floor\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor.jpg\" data-orig-size=\"1200,571\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"17xM, Washington, D.C., office floor\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;17xM. Image courtesy of Skanska&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor.jpg?w=1024\" class=\"wp-image-1004552787 size-full\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor.jpg\" alt=\"1700 M St. NW, Washington, D.C.\" width=\"1200\" height=\"571\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor.jpg?resize=300,143 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor.jpg?resize=768,365 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor.jpg?resize=1024,487 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><p id=\"caption-attachment-1004552787\" class=\"wp-caption-text\">17xM. Image courtesy of Skanska<\/p><\/div>\n<p>17xM will sprout up at 1700 M St. NW, on a parcel that Skanska took possession of via a long-term ground lease with JBG Smith in 2019. In addition to state-of-the-art office space, the 11-story building will feature approximately 13,000 square feet of ground level retail offerings. Skanska is wearing multiple hats on the project, as its building division is overseeing construction activity under a contract valued at $105 million.<\/p>\n<h2>Breaking new ground<\/h2>\n<p>Skanska chose architecture firm Kohn Pedersen Fox to spearhead the visual concept for 17xM, which Skanska describes as a &#8220;future-forward design&#8221; integrating elegant architecture with sustainable and <a href=\"https:\/\/www.commercialsearch.com\/news\/in-cre-its-time-to-flock-to-technology\/\">technological features<\/a>.<\/p>\n<p>&#8220;We have designed 17xM differently than other projects. Visitors will notice, and appreciate, the emphasis placed on the base of the building is just as special as the top,&#8221; Carroll said. &#8220;Designed with a tenant-first mindset, we have spent a considerable amount of attention on the entry experience, that will include a distinguished layby, electric car charging stations, and an expansive bicycle room complementing the commuting experience of 17th St.&#8221;<\/p>\n<p>Skanska also sought the assistance of consultants from Arup and Siemens to engineer the property&#8217;s digitally connected environment and amenities package.<\/p>\n<div id=\"attachment_1004552789\" style=\"width: 248px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004552789\" data-attachment-id=\"1004552789\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/17xm-washington-d-c\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.jpg\" data-orig-size=\"700,883\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"17xM, Washington, D.C\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;17xM. Image courtesy of Skanska&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.jpg?w=700\" class=\"wp-image-1004552789 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.jpg?w=238\" alt=\"1700 M St. NW, Washington, D.C.\" width=\"238\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.jpg 700w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.jpg?resize=238,300 238w\" sizes=\"auto, (max-width: 238px) 100vw, 238px\" \/><\/a><p id=\"caption-attachment-1004552789\" class=\"wp-caption-text\">17xM. Image courtesy of Skanska<\/p><\/div>\n<p>The one feature that will render 17xM different from any other building is its unique certification. While the project is designed to qualify for LEED Gold and Fitwel certifications, it will also hold the distinction of being the first WiredScore SmartScore-certified office building in North America.<\/p>\n<p>&#8220;When developing the office of the future, our core principles center on making wellness, design flexibility, integrated technology, along with privacy and security fit the mold of multiple-user experiences as the building evolves over time,&#8221; Carroll noted. &#8220;When LEED first started, we were one of the first developers to embrace sustainability in that way, and we feel technology has drawn equal enthusiasm in its trajectory.&#8221;<\/p>\n<p>Skanska is on schedule to deliver 17xM in 2024. The company has tapped CBRE to lead office leasing activity and has selected Dochter &amp; Alexander to handle retail leasing responsibilities. Skanska is also constructing the $129 million office and retail tower known as 3901 N. Fairfax Drive, a 200,000-square-foot health and wellness-centric project that <a href=\"https:\/\/www.commercialsearch.com\/news\/skanska-to-break-ground-on-129m-dc-area-project\/\">just got underway<\/a> in nearby Arlington, Va.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Skanska will break ground soon on the cutting-edge project.<\/p>\n","protected":false},"author":969,"featured_media":1004552785,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21782,21808,11,21742,21747,1615],"tags":[35449,34007,32796,33717,36515,32886],"class_list":["post-1004552769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-development","category-featured","category-midatlantic","category-latest","category-office","category-washington-dc","tag-arup","tag-jbg-smith-properties","tag-jll","tag-kohn-pedersen-fox","tag-siemens","tag-skanska"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Anchor Lease Sparks Start of $216M Trophy Tower in DC - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anchor Lease Sparks Start of $216M Trophy Tower in DC\" \/>\n<meta property=\"og:description\" content=\"Skanska will break ground soon on the cutting-edge project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-05T11:12:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T02:24:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor-Featured.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"820\" \/>\n\t<meta property=\"og:image:height\" content=\"572\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/\",\"name\":\"Anchor Lease Sparks Start of $216M Trophy Tower in DC - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor-Featured.jpg\",\"datePublished\":\"2021-10-05T11:12:33+00:00\",\"dateModified\":\"2022-12-09T02:24:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/prelease-sparks-start-of-216m-trophy-tower-in-dc\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor-Featured.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/10\/17xM-Washington-D.C.-office-floor-Featured.jpg\",\"width\":820,\"height\":572,\"caption\":\"17xM. 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