Carr Properties Breaks Ground on New Office Building in Downtown D.C.

WASHINGTON, D.C. – On Thursday, April 26th Carr Properties, DC Councilmember Jack Evans, the Corcoran Gallery of Art and representatives from Jones Lang LaSalle will break ground on a new office building at 1700 New York Avenue – the only new ground up development project in the CBD. Designed to be a 120,000-square-foot LEED® certified Trophy office building, the project is slated for completion in the spring of 2013 and will include upper floors that offer some of the most spectacular views in the city of Washington including panoramic vistas of the National Mall and the White House.

What:
1700 New York Avenue NW Groundbreaking Ceremony
Where:
1700 New York Avenue NW
Washington, DC
When:
Thursday, April 26, 2012
10 a.m. – 10:30 a.m. EST
Who:
Oliver Carr III, President & CEO,Carr Properties
Vincent Gray, Mayor, Washington, D.C. [Invited]
Jack Evans, DC Councilmember
Fred L. Bollerer, President and Director, Corcoran Museum of Art

About 1700 New York Avenue NW:
As the only new development project in Washington’s CBD, 1700 New York Avenue is already 72 percent preleased. The building will offer some of the most spectacular views in the city and the neighborhood surrounding 1700 New York Avenue includes Federal agencies and prominent institutions such as the Federal Reserve, FDIC, Department of State, Department of Interior, World Bank/International Monetary Fund, American Red Cross, Council on Foreign Relations, and the Organization of American States. The new building is being built on the Corcoran’s parking lot, one of the last plots of developable land in downtown Washington.

When completed, the building will feature:

  • Frontage on the south side of New York Avenue and the north side of E Street
  • Easy walk to the nation’s Capitol
  • Vehicular access via the E Street expressway
  • Unobstructed views of the National Mall
  • Garage parking
  • Floor plates of 15,000 – 17,000 SF
  • Access to Virginia and Maryland suburbs, National Airport and agency headquarters

Jones Lang LaSalle’s International Director Trip Howell and Senior Vice President Amy Bowser are marketing the 120,000 square foot trophy building.

 

About Carr Properties
Carr Properties is a privately held real estate investment trust focused on creating value for its shareholders through its investment and development activity in the greater Washington area. The company owns and operates a portfolio of approximately $1.2 billion of commercial office properties in the Washington area totaling 3.9 million square feet and is currently developing over 500,000 square feet of trophy quality office projects in the region including notable projects such as 1700 New York Avenue in Washington’s central business district and 4500 East West Highway in Bethesda, MD. Carr Properties was formed in March of 2007 as the successor entity to Columbia Equity Trust, Inc., a New York Stock Exchange listed office REIT.

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