Urbanize DC

09/26/2025

This replaces a 99-year agreement signed in 1983.

This replaces a 99-year agreement signed in 1983.

06/24/2025

One of the property’s buildings is slated for conversion.

One of the property’s buildings is slated for conversion.

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.

See more at Urbanize DC

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...