DC’s Historic Opportunity

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The $1.3 billion I-395 air rights development project now has a name: Capitol Crossing. The seven-acre, mixed-use site is being developed by Property Group Partners (1101 New York Avenue), formerly the Louis Dreyfus Property Group, which expects to break ground in late 2013. The largest, continuous undeveloped site in Downtown, with 2.2 million square feet (SF), will be developed over three blocks—stretching from Massachusetts Avenue on the north, E street on the south, 3rd Street on the west, and 2nd Street on the east. Ultimately, it will reconnect Capitol Hill and the East End, as originally designed in Pierre L’Enfant’s master plan for DC.

The ambitious, multi-phase development will have more than 1.9 million SF of commercial office space, in four Trophy class office buildings. Other uses: a residential structure with 150 condominium apartments, 63,000 SF of ground floor retail, and enclosed parking for 1,146 vehicles. Capitol Crossing is being planned to become the first LEED Platinum-certified, urban air rights development in the U.S.

Because Capitol Crossing will offer private firms the opportunity to lease large blocks of contiguous space, they will be able to fulfill immediate office needs as well as future expansion plans. Hence, Georgetown University is reportedly one of the institutions and businesses in early talks to lease space. Its Georgetown University Law Center (600 New Jersey Avenue) occupies the three blocks immediately to the east of Capitol Crossing.

The final phase of the Capitol Crossing project is expected to be completed in 2018.

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