The Winners: Distinguished Achievement Awards
November 1, 2011
By: Suzann D. Silverman

Best Project: SECOND PLACE

Project: Constitution Square, Washington, D.C.

Project Type: Mixed-Use

Owners/Investors: StonebridgeCarras and Walton Street Capital ...

... Total Cost of Project: $600 million

Rental Rates: Office buildings fully leased. Flats 130: $2,000-$4,000 per month

Project Size: 2.5 million square feet on 6.9 acres (340,000-square-foot One Constitution Square; 589,000-square-foot Two Constitution Square; 440-unit Flats 130; 50,000-square-foot Harris Teeter) ...

... Brokers: Studley Inc. (office tenants); Cassidy Turley (office landlord); KLNB Retail (Harris Teeter); Lincoln Property Co. (Flats 130 sales) ...

... The Story: Constitution Square transformed an industrial rail yard into a mixed-use heart for the emerging NoMa district. ... A 50,000-square-foot Harris Teeter grocery store was followed by a 200-room Hilton Garden Inn and a 575,000-square-foot office commitment by the U.S. Department of Justice, the GSA’s headquarters and additional retailers. ...

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