MidAtlantic Realty Partners, LLC (or MRP) announced it has a new joint-venture partner in ASB Real Estate Investments to build its previously announced Class A “trophy” office building planned at the southwest corner of Ninth and G Streets in Penn Quarter and intends to begin construction this summer. The former investment partner was Rockpoint Group LLC.
Regardless of the change in ownership, it doesn’t appear
that anything else will be different - MRP is still going to the dance, just with a new date on its arm.
Construction on the former National
Capital Area YWCA site is set to commence this summer, and it’s still planned
as a nine-story, 112,000 s.f., LEED Gold building with a glass curtain wall. It’s
also still being designed by San Francisco-based Gensler.
So life’s pretty much the same 900 G Street, and for MRP, save for the hand
that feeds it.
Washington D.C. real estate development news