Urbanize DC

04/18/2025

The building serves as headquarters for an Exelon subsidiary.

Brookfield Properties

Exelon Corp. has acquired 701 Ninth St. NW in Washington, D.C., the headquarters of its Pepco Holdings subsidiary. Brookfield Properties sold the Class A asset for $175 million.“The strategic sale of 701 Ninth St. NW underscores Pepco Holdings’ commitment to the District and Brookfield’s disci...

04/03/2025

The $153 million price tag reflects only a slight discount from the prior trade.

Rockwood Capital has acquired a 1909-vintage, 316,000-square-foot Class A office building in Washington, D.C., from Brookfield Properties for $153 million, according to CommercialEdge information.In pursuit of this acquisition, Rockwood obtained a $113.4 million loan from Deutsche Pfandbriefbank AG....

02/17/2025

A $505 million buyout to gain leasehold interest in Union Station is the latest update in a long-standing battle between Amtrak and the real estate firm Rexmark.

Gaining control of the major D.C. train station allows Amtrak to continue with its proposed $8.8 billion renovation.

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Images: Federal Railroad Administration and Akridge/Shalom Baranes Associates

https://dc.urbanize.city/post/amtrak-take-control-union-station-505m-payment

02/14/2025

The home of the Washington Nationals has been the heart of Navy Yard since its completion in 2008. Its draw has completely changed the area. The once quiet riverfront neighborhood now has countless apartments, offices, and other mixed-use entertainment. The new concept envisions transforming the base of the ballpark into a lively, year-round entertainment hub.

https://dc.urbanize.city/post/nationals-reveal-plans-year-round-retail-and-entertainment-hub-nats-park

02/13/2025

Amtrak agrees to pay $505 million for leasehold interest in Union Station. The payment will end a years-long dispute with Rexmark, and allow for major upgrades including:

Ⓜ️ Below-grade concourse
Ⓜ️ Expanded train tracks
Ⓜ️ A bus facility with access to a new train hall

A $505 million buyout to gain leasehold interest in Union Station is the latest update in a long-standing battle between Amtrak and the real estate firm Rexmark.Gaining control of the major D.C. train station allows Amtrak to continue with its proposed $8.8 billion renovation.

02/11/2025

Concept plans unveiled for new shops and dining spaces at Nats Park. The Washington Nationals envision an active entertainment hub year-round, rather than just when games are being played.

See more at Urbanize DC

The home of the Washington Nationals has been the heart of Navy Yard since its completion in 2008. Its draw has completely changed the area. The once quiet riverfront neighborhood now has countless apartments, offices, and other mixed-use entertainment. The new concept envisions transforming the bas...

01/28/2025

Completion is slated for early 2027.

Gensler | Virginia Tech

Construction giant HITT Contracting has broken ground on a new headquarters building, a 270,000-square-foot structure in Falls Church, Va., which is part of metro Washington, DC. Completion is slated for early 2027.

01/24/2025

The program complements an existing residential conversion initiative and could yield up to 2.5 million square feet of new commercial space

The program complements an existing residential conversion initiative and could yield up to 2.5 million square feet of new commercial space.

01/09/2025

Introducing Urbanize SF - follow for Bay Area news!

“One day, if I go to heaven… I’ll look around and say, ‘It ain’t bad, but it ain’t San Francisco.’” — Herb Caen, American journalist

11/27/2024

Apartment near Minnesota Ave Metro station to be revitalized with $15.5M bridge loan

• 40 new units
• New flooring, HVAC, plumbing, and electrical

Red Oak Capital Holdings, LLC has provided a $15.5-million bridge loan for the acquisition and rehabilitation of Minnesota Commons Apartments in Washington, D.C. This project will contribute to the availability of affordable housing in the area, operating under the DC Housing Authority's Housing Cho...

10/01/2024

Long empty hotel to be transformed by partnership led by Thor Equities

José Andrés

Restaurateur José Andrés is a household name in Washington DC due to his celebrated dining establishments. Now, he is partnering with Thor Equities to venture into the hospitality industry with the Bazaar House, a 67-room luxury hotel.

08/23/2024

Nats Park adjacent property to receive two residential towers instead of an office and hotel, according to a new proposal.

For the past 12 years, the former concrete plant site adjacent to Nationals Park has been slowly transformed into a planned-unit development. Currently, two waterfront apartment buildings have been delivered, and the remaining two lots were to become a hotel and office building respectively. However...

08/05/2024

Final approval nears for Alexandria waterfront’s mixed-use development with three restaurants and 75 housing units

Along Alexandria’s pristine waterfront sits a 2-story warehouse and pier which is likely to become a new multi-building, mixed use development with three restaurants.

07/23/2024

Former Tastee Diner to become part of 28-story development

Almost 2 years after acquiring the former Tastee Diner property, Roadside Development has received planning board approval to build a mixed use tower in its place.

07/19/2024

Office of Planning proposes adjusting zoning map to promote development near Anacostia

As part of its extensive plan to rewrite the land use policy of the city, the Office of Planning submitted a pre-hearing report proposing zoning text and map amendments on Pennsylvania Ave SE near Anacostia.

07/11/2024

125,000 SF of residential proposed by Donohoe in Friendship Heights. Of the 125 multifamily units, 20% would be designated affordable.

A new multifamily development is on the horizon for Friendship Heights, DC. The project, spearheaded by developer Donohoe and designed by Torti Gallas Urban, is set to transform an empty parking lot at 4201 Garrison Street NW. Here are the key details:

07/08/2024

What if the Kennedy Center was a part of the National Mall? The National Capital Planning Commission hopes to move roads underground in bold new proposal

What if the highways separating the John F. Kennedy Center for Performing Arts from the National Mall were replaced by lush green space? That is the goal of the National Capital Planning Commission (NCPC), which showcased their early concept for repairing and connecting the National Mall by moving r...

07/02/2024

Reston development increasing office square-footage, decreasing all other uses.

Despite DC reaching record office vacancy in Q2 this year, Boston Properties wants to increase office square-footage in their Reston Next mixed-use development.