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November 9, 2007


Sponsor Update:  Our friends at Woodmark recently announced the renewal of 116k SF to the DC Government at 717 14th St.  Check out the Woodmark Window at the bottom of this issue.

There wasn’t a seat to spare Wednesday at Bisnow’s Breakfast & Schmooze with Ray Ritchey of Boston Properties.  More than 150 packed the City Club to hear what #1 on the 2006 Bisnow Heat List had to say about his modest upbringing in St. Louis (he likened it to the TV show Happy Days), Boston Properties’ main mission (building only the best office buildings in the best markets), and projected rents for Square 54 (“if you have to ask, you can’t afford it”).

Ray told the crowd that even though he graduated from the Naval Academy, he steered away from the ships and toward the business side as a Supply Corps officer.  Though his military background may have instilled discipline, he said 35 years of being married to a Marine’s daughter taught him more that the Navy ever could.  Ray said that post-service, when he told his mother he was going to be a real estate broker with Coldwell Banker, she started to cry.  But after a few tough years dealing with $600 a month rent and only a $900 paycheck, the money rolled in.

Ray with a Pillsbury Winthrop foursome:  DC Managing Partner Maureen Dwyer, Robert Weinstock, David Houston, and Christian Buerger.  Ray was pretty happy about Navy's recent win over Notre Dame, but was even more pumped about all the hot new restaurants BP is bringing to Reston Town Center:  Mon Ami Gabi, DC Coast, and Jackson’s (the newest Great American Restaurants’ creation).

Ray calls Boston Properties’ assets “Monday Night Football buildings” – the great ones associated with its other markets (San Francisco, NYC, and Boston) that you usually see when they show skylines on TV; he says they’re working on getting the White House and Washington Monument, although they do have marquis properties here like the Thurgood Marshall Federal Building, the new 505 9th St, and many of the buildings of Reston Town Center, including the new 900k SF office complex going up now that is already 85% pre-leased to the likes of Rolls Royce and Google.

Rappaport founder and retail development king Gary Rappaport, right, with colleagues Bill Dickinson, Melissa Webb, and Kristin Off.  They own, manage, or lease 13M SF in the region, and one of their most interesting new deals is the Skyland Town Center: A 16.5 acre mixed-used public/private partnership in Anacostia. This will include 300k SF of retail and over 400 residential units.  

HITT me!  Josh Foreso, Dave Underwood, David Sommer, Jeremy Bardin, and Eric Bailey represented the construction company—which is doing a tremendous amount of work in Reston Town Center. 

There were actually three men sitting at this table, but we managed to focus on the other side:   Architecture, Inc’s Katherine Drews, ECS Mid-Atlantic’s Jamie Newell, Toni Lee Aluisi, RTKL’s Marisa Leshinsky, J Street’s Ana Carolina Rubio, and Himes Associates’ Erin Bartlett

Reznick Group
Oncore Construction
Bognet Construction
Pillsbury Winthrop Shaw Pittman
Fraser Forbes
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