Growth & Development
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- Capital Improvements
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Virginia Business
September
2004
Washington
Convention Center celebrates one-year anniversary
This past spring the $834 million Washington Convention
Center marked its one-year anniversary, with the announcement
that it had attracted nearly one million attendees and
generated 438,000 hotel-room nights netting about $426.5
million in new spending in the District. The convention
center employs nearly 2,000 people, mostly in union
or contract jobs. The facility is projected to generate
17,000 total jobs (9,000 for the District) and $1.4
billion in regional economic impact over the next three
years. Located at 801 Mt. Vernon Place in D.C.’s
northwest sector, the 2.3 million-square-foot center
is the city’s largest building.
DC
USA Shopping Center in Columbia Heights
Modeled after the Harlem USA shopping complex in New
York City, the DC USA complex will be home to a mix
of regional and national retailers. Located at 3200
14th Street NW, the mixed-use, multi-level project will
include the first Target store in the District. Along
with Target will be a variety of restaurants as well
as entertainment and recreational tenants. The 540,000-square-foot,
$140 million project will be located in Columbia Heights
across from the Metro station at 14th and Irving Streets.
Grid Properties Inc. is the developer.
Sovereign
Square
Sovereign Square is a 14-story luxury residential complex
that will offer 246 apartments adjacent to a 13-story
Hampton Inn. Located between 5th and 6th Streets, NW,
the 237,000-square-foot facility is under construction
at a cost of about $51 million. Studio apartments will
rent from $1,256 per month and two-bedroom rentals will
start at $2,275 per month. JBG Residential is developing
the project and expects completion by December 2004.
Gallery
Place project
Located at 7801 7th St., N.W., over the Gallery Place/China-town
Metro station, Gallery Place is a mixed-use project
that includes more than 1.1 million square feet of urban
entertainment, dining and retail, as well as 192 residential
condominium units. Gallery Place includes 14 movie screens
and a Washington Sports Club. The estimated $274 million
project is being developed by Western Development &
John Akridge Companies and is planned for completion
this fall.
Speculative
building to incorporate anti-terrorist design
Patriot Plaza is a speculative office complex being
built in three $90 million phases containing 1 million
square feet of office space. Ground broke on the first
phase last April and will consist of 280,000 square
feet on 12 floors. Completion of the entire project
is slated for the first quarter of 2005.
The project will be the first of its kind to incorporate
anti-terrorist elements including: 30-foot setbacks
on all sides, hardened loading areas to limit vulnerability
to truck bombs, a structural engineering technique called
“progressive collapse avoidance,” which
enables floors to sag rather than collapse so occupants
have more time to evacuate; garage elevators that ascend
and descend on the building’s exterior to minimize
the affect of hand-carried blast devices and air intakes
located on the roof to prevent distribution of poisonous
gases or other chemicals.
The project is being developed by TCC-DC.
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