GW Site Wrapping Up

Thanks to a recent topping out, Square 54 now dominates the corner of Washington Circle nearest the Foggy Bottom Metro. A little more than two years after breaking ground, Boston Properties and general contractor Clark Construction are well underway building and filling the new mixed-use campus. Gossip about tenants includes a Whole Foods filling a large portion of the retail, though the only officially announced leases belong to law firm Hunton & Williams, NIH Federal Credit Union and lunch time favorite Devon & Blakely.

Square 54 will bring 335 rental units, 440,000 s.f. of office space, an open central courtyard and retail plaza on I Street, over 80,000 s.f. of retail space (including the mystery supermarket), and over 1,000 underground parking spaces. The project is a partnership between Boston Properties and George Washington University, which owns the 2.6-acre site. The site was formerly part of GW Hospital; Boston has a 60-year ground lease on the land.

The residential portion will include 292 market-rate rental units and 43 units set aside for affordable and work-force housing. According to the developers, the residential portion of the project will deliver in May 2011 and begin leasing in January or February of that year. Residents will have access to approximately 250 parking spaces and at least three car-sharing spaces will be available for resident use.

The commercial/retail building will deliver in March 2011, according to Richard Ellis, a Project Manager for Boston Properties."All of the retail space is currently accounted for," according to Ellis. Ellis's calculations generously include the 15,000 s.f. under lease negotiations with a potential grocer, though he declined to comment on the Whole Foods rumors. Hunton & Williams signed on for 190,000 s.f. of office space in the commercial building and according to Jake Stroman, a Senior Project Manager at Boston Properties, the total leased office space and space under lease negotiation is 315,000 s.f., leaving 125,000 s.f. of office space up for grabs.

The project was designed by Connecticut-based Pelli Clarke Pelli Architects, LLP and Sasaki and Associates, the architect of record was Hickok Cole; Boston recently hired design team Carlyn and Company Interior Design to work on the residential interiors.

Washington, DC real estate development news

Square 54 Breaks Ground

With blue shovels in hand, George Washington University officials broke ground this morning on the greatly anticipated and hotly debated Square 54 project on Washington Circle. At its delivery in 2011, the $250 million mixed-use project in Foggy Bottom will include 333 residential units, 13% of which will be work-force housing, 440,000 s.f. of office space overlooking Washington Circle, an open central courtyard and retail plaza on I Street, over 80,000 s.f. of retail space (including the supermarket that has students salivating), and over 1,000 underground parking spaces. “Is it possible that this is the best mixed-use project in the city? I say yes,” Chairman of GW’s Board of Trustees, Russell Ramsey said. “This is about the vision for GW in ten years, in twenty years,” he said. 

A partnership between GWU and Boston Properties, the 2.6-acre former GW Hospital site is, as Mayor Adrian Fenty noted in yet another groundbreaking appearance this morning, the last major development site on Pennsylvania Avenue. The developers have entered into a 60-year ground lease for the redevelopment effort; Square 54 is part of a three-part development initiative that includes the campus 20-year “grow up, not out” plan and the redevelopment of The School Without Walls. Jack Evans, Council- member of Ward 2, said the project, designed by Pelli Clarke Pelli Architects, LLP and Sasaki and Associates, would bring in $12 million a year in tax revenues for the city and benefit not only the university, but also the Foggy Bottom community. While there is a history of tension between residence-hungry GW and its development-resisting neighbors, at this morning’s rainy groundbreaking, GW officials spun it optimistically, saying that the development was a positive for everyone in Foggy Bottom and welcomed neighbors in attendance. Robert Chernak, a GW official, told DCMud this morning “Beyond the project itself, the impact it has really had is on the relationship with people in the community. There was some negativity. This is finally bringing the parties together to have rational dialogue and bring together all involved. It’s about people effected in the long term.” 

 Said GWU President, Steven Knapp“Square 54 is a shining example of what GW and the city can accomplish when we work together. It represents the importance of sustainable practices and has been recognized by the Smart Growth Alliance. It will enliven the streetscape. It was thoughtfully conceived to contribute to the open space of the city.” As DCmud reported last year, GW was asked to revise the height and density of the proposed building, and the National Capital Planning Commission recommended that the Commission approve the revised proposal in April 2007. And no, a grocer has not yet been selected for the retail space.

Washington DC retail development news