Skanska USA Commercial Development Inc., which pursues investment and development opportunities across the country, and Grosvenor Americas (GA) announced today that they are planning to develop a mixed-use complex of more than 650,000 square feet in Washington, DC’s Capitol Riverfront district. The mixed-use development will be located between M and N Street, fronted by First Street, just steps from Nationals Park and Navy Yard station.
Skanska will be responsible for the development of an 11-story, 224,000-square-foot office building with 11,000 square feet of additional retail space on the ground floor. The building will feature a roof top terrace and green roof, as well as a below grade parking garage that will provide over 140 parking spaces. Grosvenor Americas plans to develop the remainder of the block with a mix of uses including residential and retail space.
“The flourishing Capitol Riverfront District provides one of the most exciting opportunities for development in Washington, DC,” said Robert Ward, Skanska’s Executive Vice President and Regional Manager. “This mixed-use development promises to offer great value to its growing community and to local businesses and will ensure that the area continues to thrive.”
“Grosvenor, which has been developing dynamic urban neighborhoods for over 300 years, is pleased to bring its ‘Living Cities’ vision to the exciting Capitol Riverfront district of Washington, DC,” said Don Capobres, Senior Vice President, Development, Grosvenor Americas.
Skanska USA Building will serve as the construction manager for the office building, which will be designed by Gensler Architects and will aim for LEED Platinum certification. McCaffery Interests will oversee construction of the apartment, retail and hotel portion of the development on behalf of Grosvenor.
Skanska has previous experience building in the DC metro area. The company developed Rosslyn’s newest green development, 1776 Wilson Boulevard, which is a 5-story Class-A building with flexible and efficient office and retail space, as well as 733 10th and G, a 171,171-square-foot office building which was recently sold to Jamestown properties in May 2012. Grosvenor Americas has a portfolio of approximately 1.6 million square feet of office, retail, and hotel space in the DC metro area. Its developments in the national capital region include District, a mixed-use building with 125 luxury apartments in Logan Circle, delivering in late 2012.
From a release.