WASHINGTON, DC – Hines and Bozzuto Management Company announced today that leasing has commenced at The Apartments at CityCenter, a key element of CityCenterDC, the 10-acre parcel in the heart of Downtown D.C. that is currently being transformed into a vibrant blend of residences, offices, shopping, restaurants, hotel and active parks.
Potential residents now have the unique opportunity to review floor plans and reserve their desired apartment. The leasing center, located at 900 New York Avenue, NW near the corner of 9th and I Streets, will give renters a first-hand look at the thoughtfully designed residences.
“CityCenterDC is redefining urban living in Washington, D.C.,” said Jason Jacobson, managing director of Hines. “With the recent success of our condominium sales program, we are proud to showcase the beautifully designed apartments that are part of this world-class destination. It will be an unparalleled place to live in Downtown D.C.”
“With unrivalled community amenities and services, The Apartments at CityCenter offers a level of quality and luxury desired by DC’s most discerning residents in the heart of the prestigious CityCenterDC neighborhood,” said Julie Smith, president, Bozzuto Management Company, the exclusive management firm for The Apartments at CityCenter. “We have received remarkable interest in, and demand for, the apartments and look forward to showing our future residents their new community.”
Responding to the District’s growing demand for well-appointed rental homes in convenient locations, The Apartments at CityCenter is comprised of 458 residences featuring a wide range of amenities that will enhance the daily living experience. With restaurants, shops, major employers and Metro rail stops within a short walk, The Apartments at CityCenter will set a new standard for urban living in D.C. Residents will be able to begin to move into their new community in November 2013.
The apartments range in size from studios to one- to three-bedrooms and will offer dramatic floor-to-ceiling windows and bamboo flooring throughout with open plan kitchens that boast quartz countertops and European-style cabinetry. Selected floor plans incorporate dens, balconies and terraces. The exclusive amenities include CenterClub, a two-story fitness center with state-of-the-art cardio and weight equipment as well as a yoga room; HydroClub, a rooftop pool, lounge and club room; Connections Café, an internet lounge with wifi; and SkyBark, a rooftop dog walk. The community also features indoor parking, electric car charging stations and a residential recycling program.
The Apartments at CityCenter has been designed by the well-respected architectural firm Shalom Baranes Associates of Washington, DC. Landscape architect Lee and Associates had responsibility for the design of rooftop amenities, terraces and other common areas.
The Apartments at CityCenter is one of five major components of CityCenterDC. The mixed-use development also includes 216 luxury condominium residences, 520,000-square feet of Class A office space, and more than 60 shops and restaurants, in properties designed by internationally renowned architects Foster + Partners and the D.C.-based Shalom Baranes Associates. In addition, CityCenterDC will also feature a 370-room hotel.
CityCenterDC is a development of Hines and The TFI US Real Estate Fund. The anchor investor in the Fund is Qatari Diar Real Estate Investment Company (Qatari Diar), the real estate investment arm of the Qatar Investment Authority. The Fund is advised by Tanween, a Qatari real estate development management and consulting firm.
CityCenterDC (www.citycenterdc.com) is a unique, pedestrian-friendly, 10-acre mixed-use development, located in the heart of downtown Washington on a 4.5-block parcel bounded by New York Avenue, 9th, H and 11th Streets, NW. Foster + Partners of London and Washington D.C.’s Shalom Baranes Architects served as master-plan architects. Phases I and II of the project will contain more than 270,000 square feet of retail space situated at the base of seven buildings that encompass 520,000 square feet of office space, 458 rental apartment units, 216 condominium units, a 370-room luxury hotel, a public park, a central plaza and pedestrian-oriented streets and alleyways.
Construction of Phase I of the project commenced in March 2011 and will be substantially complete by year end 2013 with initial occupancy expected in November for the residential buildings and early 2014 for the commercial portion. A joint venture between Clark Construction Group, Smoot Construction of Washington, D.C., and McKissack and McKissack is the general contractor.
Construction of Phase II of the project is expected to commence in late 2014. It will consist of an approximately 370-room luxury hotel and 73,000 square feet of additional retail.
The CityCenterDC retail component will consist of over 60 stores, restaurants and cafés. CityCenterDC’s retail will complement and enliven the existing downtown retail by providing one-of-a-kind shopping and dining destinations for the Washington, D.C. metropolitan area. The project will feature a unique mix of local, national and international brands that will contain quality retail space with extensive street frontage and dynamic storefronts and signage. Several leases are being finalized, and it is expected that a critical mass of tenants will be committed by year end 2013, with a grand opening scheduled for Fall 2014.
About Bozzuto Management Company
Voted Property Management Company of the Year in 2011 by Multi-Housing News, and in 2000 and 2009 by the National Association of Home Builders (NAHB), Bozzuto Management Company offers the finest in apartment living and management services. With more than 160 communities in exceptional locations throughout the East Coast, Bozzuto Management provides a resident experience that is truly beyond compare. The company is a subsidiary of The Bozzuto Group, a full-service real estate firm headquartered in Greenbelt, Maryland. For more information, visit www.bozzuto.com.
Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,273 properties representing more than 514 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments. Currently, Hines manages 406 properties totaling 148.5 million square feet, which includes 78.3 million square feet for third parties. With offices in 113 cities in 18 countries, and controlled assets valued at approximately $24.3 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED®, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems. Visit www.hines.com for more information.
About The First Investor (TFI)
TFI is a leading Shariah investment company in Qatar and is regulated by the Qatar Central Bank. A wholly owned subsidiary of Barwa Bank, TFI is emerging as one of the most respected investment banking firms within the region, combining Qatari leadership with both international and local expertise to provide dedicated services in Investment Banking, Asset Management and Real Estate Investment. Through its strong international network of relationships and deep technical expertise, TFI provides a global approach in helping clients formulate, deliver and manage effective corporate strategies. Visit www.tfi.com.qa for more information.
About Barwa Bank
Barwa Bank is a Shariah-compliant bank in the State of Qatar, established in Doha and licensed and regulated by the Qatar Central Bank. With an authorized capital of QAR 6 billion and paid up capital of QAR 3 billion, Barwa Bank provides a full range of Shariah-compliant banking services including retail, corporate and commercial banking, private banking, real estate finance, structured finance, investments and asset management.
Tanween is a Qatari real estate development management and consultancy firm operating in GCC and MENA with a network of international consultants and partners. Tanween’s current portfolio of projects under development amounts to around $22bn. Tanween assists land owners, developers, investment banks and investors to create commercially viable and sustainable world-class real estate communities in all asset classes. Tanween’s experts provide various strategies for real estate developments and asset management and comprehensive project delivery services throughout the development lifecycle. Visit www.tanween.com.
About Qatari Diar
Qatari Diar Real Estate Investment Company, wholly owned by the Qatar Investment Authority, was established in December 2004 to support Qatar’s growing economy and co-ordinate the country’s real estate development and investment priorities. Qatari Diar is currently involved in more than 35 projects in more than 20 countries around the world. Visit www.qataridiar.com