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June 27, 2008
Why Isn't It
"Monument View"?

Congrats to our friends at sponsor Grunley Construction for completing the 325k SF phase 1 of the Mary Switzer Building modernization two months ahead of schedule so tenants from the Depts of Education and HHS can move back in. They also gave it a great new 15k SF mechanical penthouse and "green roof"!


Last evening we joined 450 other condo-curious for the grand opening of JBG's "Residences at Waterview," adjoining the Corporate Advisory Board tower in Rosslyn. You wouldn't know the market plummeted to bear territory yesterday: McWilliams Ballard, handling sales of the 133 units, tells us all but 12 are signed and sealed; according to Delta Associates, it was the fastest selling luxury condo complex in the DC metro area last year.


Could have something to do with the views: The monuments laid out in front of you like when you're coming in for a landing at National. Imagine the traffic you can avoid on July 4th. Above, McWilliams Ballad co-founder Ross McWilliams, sales director Miriam Fernandez, and JBG's Matthew Blocher show off the observation deck 31 stories high (tallest in the metro area). The first 12 stories of the building are Hotel Palomar, while floors 14-30 are condos into which residents began moving last month.

Reznick Group

McWilliams Ballard project manager Clint Mann, JBG development manager Jerry Walters, and Hirshorn Zuckerman Design Group's Justine Song. Apparently if it's game night, you can see the Nats' scoreboard if you have a pair of binoculars. Now that Jerry's work is done with Waterview, he's focusing on JBG's nearby new office development, Central Place, where demolition begin in July.


Now, we're not saying they were here gathering competitive intelligence, but Sarah Hubbard and Harmar Thompson of Lowe are working away these days on plans for their own 147 residences in a tower to be constructed at the Washington Hilton. They're also just back from Nantucket where they spend a couple weeks a summer at Harmar's family's place doing things like kite sailing.


Also last night, we swung by the African-American Real Estate Professional's summer soiree where 150 guests partied at Pillsbury's N Street offices, including First Potomac Mgmt's Jodie Johnson, Teika Millard, and Martin Brittain; Neighborhood Development Co's Adrian Washington; and CSG Urban Partners' Charles King. Adrian's busy topping out the 72-unit Residences at Georgia Avenue that includes a Yes! Organic Market, and is also in pre-development on the 81-unit Heights on Georgia Avenue up the street.


Current AAREP president Caryn Bailey of OPX, CPDC's Shelynda Burney, Woodmark's Rodney George, Reed Smith's Olivia Shay-Byrne, AAREP president-elect James "JW" Williams of Lawrence Williams Construction, and Reznick's Stacie Benes. Self-professed "spa junkie" Shelynda just got back from Sundara spa in Wisconsin for what she said were the most relaxing three days of her life. Meanwhile, JW is finally over his jet-lag after a five-city whirlwind to China. Stacie's looking forward to old world charm in Saratoga when she heads to the horse races later this summer.


Trust Strategy Group's Suzanne Charleston, Jones Lang's Arlene Dodier, Reznick's Shelly McGonnigal, OPX's Steve Polo, and Staubach's Nick Hunter. Suzanne says 1.5 year-old TSG's specialty is blast proofing windows for large government agencies as part of the counter-terrorism effort.


SunTrust Mortgage's Levonia Wiggins, CU Business Capital's Brandey Rodgers, SunTrust's Lauren Ray, and SG Wilson Engineers' Sam Wilson. Sam tells us his primary client these days is ONCORE Construction's Bob MacDaniels with whom he's working on an addition to Congressional Country Club and also the Worth Tract Lofts in Crystal City.


Suddenly, there is a new street in Bethesda! This is Federal Realty's Bethesda Lane, with 180 luxury apartments on top (Bozzutto doing property management and leasing). We stopped by Casino Night for a Cure and found the two guys who who have the 43k SF retail already 100% leased: Stuart Biel and Ralph Ours, here with tenant and Little Shoebox owner Janie Griffin.


From left: Federal Realty's Janelle Stevenson, Robert Greenfest, Jill Powell, Satta Natto and Robin McBride.

Story ideas?  Contact Stacey Pfarr: Stacey@Bisnow.com.


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