Showing posts with label Rockpoint Group. Show all posts
Showing posts with label Rockpoint Group. Show all posts

Friday, May 25, 2012

MRP’s Penn Quarter “Trophy” Office Loses Investment Partner, Gains Investment Partner

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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

Monday, March 19, 2012

Retail, Fountain, Ice Rink Slated for Washington Harbour

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Washington Harbour retailWork to upgrade the retail offering of Georgetown's Washington Harbour has begun, owners MRP Realty and Rockpoint Group LLC announced today.  Washington Harbour is undergoing a $20 million exterior renovation led by architecture firm Gensler and general contractor Clark Construction, after a flood pushed out the restaurants that once lined the riverfront pavilion. Some of the most significant changes are slated for the lower level. Those upgrades include retail storefront improvements and a revamped fountain with lights and animated jets that will double as a 12,000-square-foot ice skating rink in the winter.
Washington Harbor fountain, Gensler design, MRP Realty
Work on the lower level is scheduled for completion in the fourth quarter of 2012, and the fountain will be completed by the end of this summer.

Rendering courtesy of Gensler Architects

Washington DC commercial real estate news
 

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