Real Estate Journal — May 13 - 26, 2016 — 17A
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A S H I N G T O N , DC — Trammell Cr ow Comp a - Trammell Crow delivered Market Square in 1991 Market Square receives ULI Washington’s Legacy Award W
ny announced that Market Square has received ULI Washington ’s Legacy Award during the second annual Real Estate Trends Conference Awards Program. Trammell Crow Company delivered Market Square, a 700,000 s/f trophy mixed-use property located at 701 and 801 Pennsylvania Ave., NW, in 1991. The complex consists of twin 13-story buildings with ground floor retail, eight floors of office, and four floors of residential condos that curve majestically inward to frame the U.S. Navy Memorial. Market Square has had a transformational impact on its surrounding community for more than two decades. The development was the first, and largest, mixed-use to all homebuyers, from young new families just starting out to seniors looking to retire in a beautiful setting close to Delaware’s beaches,” said Bailey. Ann Bailey and Neil Kilian, CCIM, SIOR , also of
Market Square
development within Penn Quarter and was the catalyst to begin the improvement of Chinatown, as well as other neighborhoods to the east of the project. Market Square was also awarded ULI’s “Project of the Year” Award in 1992. The “Legacy Award” is presented to a development project that has had a trans- NAI Emory Hill also closed Seachase Apartments, a 74- unit multi-family property in Greenwood, Delaware, in April of this year. The prop- erty was on the market less than 30 days before going under contract.
formational impact on its community or surrounding land uses for more than two decades in a manner aligned with ULI’s mission and core values. Award winners ex- emplify excellence in urban design, can be characterized as truly sustainable, and represent the best of what makes the Washington region unique. n Ann Bailey, CCIM, and Dave Morrison, CCIM, are brokers with NAI Emory Hill, which represents NAI Global in Delaware and Cecil County, Maryland and is a division of the Emory Hill Companies. n
Delaware Market on the Upswing. . . continued from page 16A
Jay L. White MAI, CRE® 101 Brandywine Boulevard Wilmington, DE 19803
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