George Washington University picks Skanska for high-profile development

The premier office address on D.C.’s Pennsylvania Avenue

Skanska has signed a ground lease with The George Washington University to develop a Washington, D.C., site five blocks from the White House into a high-end office building with ground-floor retail.

A 250,000-square-foot Class A, LEED Gold office building – including 7,000 square feet of ground-floor retail – is allowed on the site under the development agreement approved by D.C. government. Close to a Metro stop, the building will feature a glass curtain wall overlooking Pennsylvania Avenue and will have views of the Washington Monument, Washington National Cathedral and the U.S. Capitol.

“The opportunity to bring a new development to Pennsylvania Avenue doesn’t come along very often,” said Rob Ward, Skanska executive vice president and general manager of our D.C. Commercial Development office.

Specifics of the deal – including timing, lease duration and value – are confidential, he said. Beyond developing and building the project, Skanska is also providing the financing. Gensler is the architect.

Space in the building will most likely be open to any tenant, though we would be “happy” to lease space to the university, should they desire to do so, Ward said. In the coming months, our team will work to complete the design and will begin marketing the building to prospective tenants.

“We are certain that Skanska will deliver a world-class office building at the edge of our campus,” said Lou Katz, GW executive vice president and treasurer. “We look forward to working with Skanska toward a full realization of this new enhancement for the university, the neighborhood and the city as a whole.”

In addition to Skanska securing this development opportunity from GW, we’re also working with them on an assignment to craft BIM standards so the university can more fully realize the capabilities of digital building models – especially for operations and maintenance – and establishing quality control tools and procedures for use during both design and construction by their project inspection personnel.

Tags: , ,

Leave a Reply

Your email address will not be published. Required fields are marked *