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Media company The Atlantic is moving its headquarters from one of D.C.'s oldest waterfront developments to one of its newest.
The development team behind The Wharf, Hoffman-Madison Waterfront, announced Monday it signed The Atlantic to occupy the top two floors of 610 Water St. SW, part of the development's under-construction Phase 2.
The company plans to relocate in 2022 from its current headquarters at 600 New Hampshire Ave. NW, part of the Watergate complex, to a 35K SF space in the new building, a Hoffman-Madison spokesperson told Bisnow. JLL represented the development team in the lease.
The 610 Water building is a 90K SF office building designed by Morris Adjmi Architects. It features 10K SF of outdoor terrace space and is surrounded by two parks totaling 5 acres of green space. Designed for a LEED Platinum certification, 610 Water will be the most environmentally sustainable building at The Wharf, the development team said.
"610 Water Street and The Wharf will offer an exceptional future home for The Atlantic over the long-term," The Atlantic Chief Operating Officer Aretae Ortiz Wyler said in a release."We're excited by the walkability of the surrounding area, the gorgeous water views and greenspace, and the accessibility of the location."
The Wharf's second phase broke ground in March 2019 and is scheduled to deliver in 2022. It is planned to include 1.25M SF of mixed-use development, including three office buildings totaling 625K SF.
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The development team in December 2018 signed law firm Williams & Connolly to anchor the second phase with a nearly 300K SF lease at 670 Maine Ave. The two office buildings at 670 and 680 Maine Ave. are more than 60% pre-leased, with just over 200K SF remaining, the development team said.
The team in September 2019 secured an $847M construction loan for Phase 2. Goldman Sachs led the syndicate, along with Starwood Capital Group, Mack Real Estate Group and Pentagon Federal Credit Union.
The first phase of The Wharf delivered in October 2017 with three hotels, two office buildings, two condo buildings, a 6,000-person concert venue, and a host of restaurants and retailers.
The pandemic has made it a difficult year for the waterfront development, with The Anthem not bringing in crowds and restaurants having limited capacity. The development team assisted many of the restaurants in obtaining heaters and tents for outdoor seating, an important component now that D.C. is temporarily halting indoor dining as of Wednesday.
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