Tuesday, October 18, 2011
Add another project to the list for the NoMa BID: breaking ground yesterday morning was StonebridgeCarras' 345,000-s.f. office building "Three Constitution Square" with 13,000 s.f. of ground floor retail. Like the developer's previous Constitution Square ventures, the building is being built completely on spec, neither office or retail space has been leased, confirms Doug Firstenberg, a founding principal of Stonebridge.
The 12-story building, designed by HOK, will be complete by summer of 2013 with delivery to tenants possible the following fall, said Firstenberg, adding a simple endorsement: "It'll be a great building." Three Constitution Square at 175 N St, NE, is part of Phase II in the overall Constitution Square development, bounded by N Street to the north, M Street to the south, First Street to the west, and the red-line metro track to the east.
Three Constitution Square will be adjacent to the Department of Justice and the New York Avenue metro stop, and across the street from the ATF.
Completed in the first phase of Constitution Square: two office buildings with ground floor retail occupied by GSA and DOJ, a Hilton Garden Inn, and "Flats 130," a 440-unit apartment with ground floor Harris Teeter. The other half of the second phase, underway now, is an apartment-and-retail building, which broke ground this spring. The third and final phase, also an office-and-retail building, is yet to come. StonebridgeCarras built phase 1 entirely on spec, but leased the entirety to GSA before selling it off.
Washington D.C. real estate development news