Carr Properties Breaks Ground at the Future Site of Signal House
WASHINGTON--(BUSINESS WIRE)--May 15, 2019--
Carr Properties and Avison Young, together with Sarosh Olpadwala, Director of Real Estate from the Office of the Deputy Mayor for Planning and Economic Development, Gensler, and John Moriarty & Associates, broke ground at Carr Properties’ Signal House project at 350 Morse Street in Northeast Washington, D.C. on May 14, 2019. Other attendees included project team members and distinguished guests.
“We’re excited to deliver a new creative office development into the historic Union Market neighborhood. Signal House will be the first new office development in Union Market and will add to the revitalization of an area that is becoming one of the most dynamic creative and retail destinations in the city,” said Oliver Carr, CEO of Carr Properties.
Signal House, a planned 225,000 RSF building designed by Gensler and winner of the Gensler Design Excellence Award in “Workplace: Unbuilt” Category, will be a landmark in the rapidly growing Union Market area. Signal House offers a revolutionary design for the modern workforce; when completed, it will include a 10-story trophy office building that pays tribute to its historic industrial surroundings with a terracotta, metal, and glass exterior. Signal House’s amenities are consistent with the needs of today’s workforce with exceptional offerings such as a penthouse boasting a demonstration kitchen, bar, recording studio, DJ booth, karaoke room, conference center, and breathtaking views of the Capitol. Other unique features will include 10,000 SF of private terraces, 12 unfinished ceilings, state-of-the-art fitness facilities, below-grade parking, secure bike storage, and 12,500 RSF of premium retail.
Construction is underway and slated for completion in Q1 2021. More information about Signal House can be found on our website: https://www.carrprop.com/properties/signal-house.
About Carr Properties
Carr Properties is a privately held real estate investment trust focused on creating value for its shareholders through the ownership, acquisition, and development of high-quality office properties in Washington, D.C. and Boston, MA. The company currently owns a portfolio of 16 commercial office properties totaling approximately 4.3 Million SF as well as a pipeline of five development projects that include: The Wilson and Elm Development in Bethesda, MD; Signal House in the Union Market area of Washington, D.C.; and One Congress in Boston, MA. Upon completion, these projects will add 2.4 Million SF of trophy-quality office space to the company’s portfolio. The company is continuing to expand its portfolio through strategic investments in the Washington, D.C. and Boston, MA areas.
View source version on businesswire.com:https://www.businesswire.com/news/home/20190515005562/en/
CONTACT: Ravi Yemane, Carr Properties
KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA
INDUSTRY KEYWORD: BUILDING SYSTEMS ARCHITECTURE REIT URBAN PLANNING CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE
SOURCE: Carr Properties
Copyright Business Wire 2019.
PUB: 05/15/2019 09:12 AM/DISC: 05/15/2019 09:12 AM