DC's Fastest-Growing Neighborhood

We swept through NoMa yesterday to see what else could possibly be cropping up. Our first stop was a broker event for StonebridgeCarras' and Walton Street Capital's brand-spanking-new Three Constitution Square office, where we snapped Stonebridge's Doug Firstenberg with Cassidy Turley's Zeke Dodson, Laurie McMahon, Kerri Mulligan Salih, and Stonebridge's Mark Allard and Kevin Cosimano. Doug tells us he's already speaking with large private sector tenants for the 368k SF property. There's also 15k SF of retail downstairs, which Doug tells us may not lease up 'til the building's anchor tenants are in place. Rents are in the $50/SF range, Laurie tells us.

Three Constitution Square is also just 55 feet from the Metro, which should be another carrot for big users. (Though if they were really into the health benefits of carrots, they'd walk.) The retail will add to an already vibrant NoMa streetscape, which Laurie says has become a truly 24/7 atmosphere: "If you come here on a Saturday, it's just as active as it is during the week."

Skanska's proposed 88 M St, a 900k SF mixed-use project a few blocks over, figures to liven up NoMa even more. It just got the green light from the District, though the firm will reportedly wait before building to lock up an office anchor. (Always good to know how tall everyone is before building the ceiling.) And just over 88 M's shoulder is JBG's 200-room Hyatt Place hotel at 33 New York Ave, which should deliver later this year.

The hotel is part of JBG's massive Capitol Point project, which, if fully built-out, could bring another 1M SF of office, 60k SF of retail, and 375 residential units to NoMa.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Washington, D.C. Newsletters
Related Stories

Digital Media Firm Pivots To AI, Abandons $160M Fort Lauderdale Studio Project

State Farm's 1.1M SF Suburban Atlanta Hub Put Up For Sale

Kroenke Announces $135M Renovation For Denver's Ball Arena

Iconic Jersey Shore Property Hits The Market For $85M As Redevelopment Play

Tennessee University Plans Campus In Chamblee: The Atlanta Deal Sheet

Developer Pays $7M For Planned Old Town Conversion: The D.C. Deal Sheet

Bisnow's 2026 DEI Data Series

Lincoln Property's New Pennsylvania Head On What Types Of Deals He's Targeting

Ruben Cos. Says It Can't Sell, Finance Navy Yard Multifamily Project

D.C. Court Tosses Lawsuit Over Proposed Rent-Freeze Ballot Initiative

Defense Tech Firms Setting Up Shop In Trump Family's Palm Beach Orbit

Philly's Busy Summer Created Momentum. Can The City Turn It Into Long-Term Growth?