May 11, 2011
Monument's Recent Award Winning Projects
Press Release
Washington, DC (May 11, 2011) – Monument Realty is pleased to announce that two more projects have been added to the list of award winning properties in its portfolio.
Monument View, a proposed 419,000 SF phased office development in Arlington, VA, was awarded the “Best Land Deal” at the Washington Business Journal’s 14th Annual Best Real Estate Deals.
Monument is developing the project for The Boeing Company - the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems – in support of the company’s consolidation of its Arlington operations.
This complex project required Monument to put in place a series of transactions, the first of which allowed Monument to purchase a nearby 7.1-acre site at Boundary Channel Drive and I-395. Monument closed on that property, which was the former site of the Twin Bridges Marriott Hotel, on December 17, 2010. The second transaction, an exchange agreement with Arlington County, requires Monument to swap the Boundary Channel Drive site for the Crystal City site referenced above. That agreement was approved by the County Board on September 29, 2010 and the exchange of properties will occur later this year. The final transaction requires Monument to obtain approvals for and develop the build-to-suit project for The Boeing Company, which will purchase the property upon completion.
55 M Street, a 275,000 SF Class A office building, was awarded the “Best Urban Office over 150,000 SF” at the NAIOP Maryland/DC 9th Annual Awards of Excellence.
55 M Street was designed by Davis, Carter, Scott Ltd. and is located directly above the Navy Yard Metro at Half and M Streets, SE, one block north of Nationals Park in the Capitol Riverfront. The LEED® Gold certified office building is the first phase of Monument’s Half Street project, the dynamic mixed-use development that also includes 332 residential units, 50,000 SF of retail and a 200-room boutique hotel. The building is 85% leased with tenants including District of Columbia’s Department of Transportation and the Federal Aviation Administration. More information can be found at www.halfstreet.com.
About Monument Realty
Monument Realty is an award–winning, full-service real estate company. The firm’s diverse portfolio includes mixed use, office, residential and hotel properties. Monument Realty has owned or developed more than 5 million square feet of Class A office space, nearly 3,500 residential units and three hotels valued at more than $5 billion. For more information, visit www.monumentrealty.com.
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Monument View, a proposed 419,000 SF phased office development in Arlington, VA, was awarded the “Best Land Deal” at the Washington Business Journal’s 14th Annual Best Real Estate Deals.
Monument is developing the project for The Boeing Company - the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems – in support of the company’s consolidation of its Arlington operations.
This complex project required Monument to put in place a series of transactions, the first of which allowed Monument to purchase a nearby 7.1-acre site at Boundary Channel Drive and I-395. Monument closed on that property, which was the former site of the Twin Bridges Marriott Hotel, on December 17, 2010. The second transaction, an exchange agreement with Arlington County, requires Monument to swap the Boundary Channel Drive site for the Crystal City site referenced above. That agreement was approved by the County Board on September 29, 2010 and the exchange of properties will occur later this year. The final transaction requires Monument to obtain approvals for and develop the build-to-suit project for The Boeing Company, which will purchase the property upon completion.
55 M Street, a 275,000 SF Class A office building, was awarded the “Best Urban Office over 150,000 SF” at the NAIOP Maryland/DC 9th Annual Awards of Excellence.
55 M Street was designed by Davis, Carter, Scott Ltd. and is located directly above the Navy Yard Metro at Half and M Streets, SE, one block north of Nationals Park in the Capitol Riverfront. The LEED® Gold certified office building is the first phase of Monument’s Half Street project, the dynamic mixed-use development that also includes 332 residential units, 50,000 SF of retail and a 200-room boutique hotel. The building is 85% leased with tenants including District of Columbia’s Department of Transportation and the Federal Aviation Administration. More information can be found at www.halfstreet.com.
About Monument Realty
Monument Realty is an award–winning, full-service real estate company. The firm’s diverse portfolio includes mixed use, office, residential and hotel properties. Monument Realty has owned or developed more than 5 million square feet of Class A office space, nearly 3,500 residential units and three hotels valued at more than $5 billion. For more information, visit www.monumentrealty.com.
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1700 K Street, NW, Suite 600, Washington, DC 20006
T 202.777.2000 F 202.777.2020
T 202.777.2000 F 202.777.2020
