G reen B uildings
Real Estate Journal — Green Buildings — August 25 - September 14, 2017 — 23B
M id A tlantic
1700 Market features 788,872 s/f of ENERGY STAR certified, class A office space Shorenstein Properties LLC begins first phase of $7 million renovation project P In phase one, the following renovations will be priority for 1700 Market:
1700 Market’s tenant appeal and make it one of the most desirable locations in the city for companies seeking highly efficient, differentiated space. The building has 30,000 RSF of highly efficient floor plates, perfect for the modern office tenant that’s looking for a wide-open floor plan. Addi- tonal renovations include ad- ditions of a conference center, fitness center and roof terrace. “We look forward to getting started on the first phase of renovations at 1700 Market and enhancing the buildings curb appeal and the tenant ex- perience through high quality lobby and elevator upgrades,” said Chris Caltabiano , se- nior vice president of asset management at Shorenstein Properties LLC. Central has a mix of stu- dio, one- and two-bedroom apartment homes, finished in a contemporary design. Each home features kitch- ens with quartz countertops, Energy Star® stainless steel appliances, full-size washer and dryer, and special touch- es such as USB charger out- lets and wood-style flooring. The leasing office is in a loft-style apartment on the first floor of Bonifant St., across the St. from Mont- gomery County’s Lot 29 parking lot. Bozzuto Man- agement, a leader in prop- erty management, has been selected to lease and manage the new apartment com- munity. “We are pleased to see such enthusiasm from reg- istrants, many of whom have been awaiting Cen- tral’s completion for sev- eral months. We anticipate attracting residents from throughout the region, espe- cially those that are looking for an alternative to what’s offered in the District,” said development manager for Grosvenor.
H I L A D E L P H I A , PA — Shorenstein Properties LLC , a San Francisco-based private real estate investment firm will begin the first phase of renovations at 1700 Market in the heart downtown Philadel- phia. The $7 million renova- tion project will commenced inmid-August. CBREGroup, Inc., which is working closely with Shorenstein on the leas- ing negotiations, states that Shorenstein has awarded D’Lauro and Rodgers Inc. the contract to perform the first phase of renovations, with expected completion in March of 2018. Under Shorenstein’s new ownership, renovations of the 32-story office complex and retail space will solidify
• Installation of Terrazzo flooring throughout the lobby • New exterior signage and lighting • New ceiling and interior lighting • New glass entranceway and doors • Back-painted colored glass in the elevator lobbies • New security desk with stone and wood details • Wood features walls Built in 1968, 1700 Market building stands 430 feet tall at 848,709 s/f with 788,872 s/f of ENERGY STAR certified, class A office space. The build- ing includes a 5-story garage with on-site parking, 16 high- speed elevators. n Shah. Central is located at 8455 Fenton St., where First Baptist Church previously stood. Working in tandem with Grosvenor Americas and the Montgomery County Planning Board, a mutu- ally beneficial development plan was approved by the Board in 2013, are building a new church on an adjacent property and revitalizing the community with a mixed- use development. At the groundbreaking ceremony in September 2015 a time cap- sule was opened, revealing memorabilia buried in 1950. Additionally, a public walkway between Wayne Avenue and Bonifant St. is planned to separate the new church building from Central and to provide a pedestrian connection be- tween the two St.s. It will be highlighted by an art sculpture by Rodney Carroll, a renowned sculptor whose art graces museums, hotels, and parks throughout the Mid-Atlantic. Move-ins are expected to begin in September. n
1700 Market lobby rendering
Grosvenor Americas’ begins preleasing on 231,589 s/f LEED Silver mixed-use property in Washington, D.C
WASHINGTON, DC — Grosvenor Americas , a pri- vate property investment and
development c o m p a n y , has begun pre l eas ing apartments in their Cen- tral residen- t i a l c o m - mun i t y i n d own t own
Silver Spring. Central is lo- cated directly across the St. from the brand new Silver Spring Library and is a short walk from the Silver Spring Metro Station, which pro- vides a 15-minute commute to downtown Washington, D.C on the Red Line. “Central residents will ex- perience high-quality living in an eclectic and tight-knit community,” said Jon Carr , senior vice president of devel- opment for Grosvenor’s D.C. office. “Within the building, residents have access to best-in-class amenities, in- cluding a pool and multiple outdoor terraces, an expan- sive 24-hour fitness center with group exercise studio,
Central residential community
a multimedia clubroom and a business lounge with col- laborative work spaces, and a quiet library.” Scheduled to deliver in late summer 2017, Central is a 231,589 s/f LEED Sil- ver mixed-use property that will offer 243 modern rental units and 15,080 s/f of ground floor retail space. The retail programming is an exciting aspect of the development wrapping the base of the building along Fenton St. and Wayne Ave.
“The diverse retail that we’re planning will be a draw to those who prefer an urban lifestyle. As downtown Silver Spring continues to evolve into a bustling hub for restaurants, retail, and entertainment, this area has the potential to be high in demand within theWashing- ton Metropolitan region, and we want to offer residents a home that will allow them to fully enjoy the neighbor- hood in which they live,” said Nihar Shah , senior
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