Washington, DC – May 21, 2013 – Douglas Development today announced that it had partnered with the real estate brokerage Firm, CBRE on a new boutique office and retail project in Washington, DC’s Penn Quarter neighborhood. Located at 1000 F Street, NW, the 11-story, trophy office building will occupy approximately 93,000 square feet and include 7,000 square feet of ground floor retail space. The building will offer two floors of below grade parking, outdoor terraces, and a terracotta façade.
Douglas Development Principal, Norman Jemal describes several of the building’s unique features: “It will have top of the line amenities, including large terraces, high ceilings, a green roof, and a restored historic structure.” Jemal adds, “The location can’t be beat. You’ve got Metro Center one-block away, high-end retailers like Anthropologie right there, and an assortment of great restaurants all on the same block.”
Designed by the highly acclaimed architectural firm Shalom Baranes Associates, the 1000 F St, NW project will incorporate a two-story designated historic structure, the facades of which will be restored, and the interior renovated and fully integrated with the contemporary building. The building’s structure will consist of post-tensioned concrete floors and reinforced concrete columns on a mat slab foundation. Construction is scheduled to begin in late 2013.
Executive Vice President of CBRE, Bruce Pascal, describes his enthusiasm for the project: “It is the perfect building for many of Washington, DC’s top government affairs offices with abundant light, private balconies, and exceptional vistas.” Pascal continues, “Douglas Development has built some of the finest office buildings in this special, historic part of Washington, DC, including the Woodies and Atlantic Buildings. We expect 1000 F Street to be a spectacular development.”
About Douglas Development:
Douglas Development Corporation is the largest private property owner in the Washington, DC region and offers a fully integrated real estate company featuring a portfolio of commercial office, retail and residential mixed used properties. The company has completed more than 180 successful redevelopment projects and is a leading force in the revitalization of the District of Columbia. Currently, Douglas Development owns and manages more than 8 million square feel of real estate and has more than 4 million square fee of developable property in the pipeline. Founded by Douglas Jemal in 1985, the company has a passion to preserve and redevelop historic buildings including iconic properties like the Woodward & Lothrop flagship building and Chinatown’s historic row across from the Verizon Center. For more information about the company, please visit www.douglasdevelopment.com or follow @douglasdevdc on Twitter and Like Douglas Development Corporation on Facebook.