Lowe Promotes Rivers
Kudos to Lowe Enterprises' Mark Rivers, who's been promoted to SVP and managing director of the firm's DC office. Mark filled us in on two of Lowe's big DC projects: 1400 Crystal Drive in Crystal City, an office building the GSA vacated in 2011, which they're renovating with Class-A finishes. Mark says the building (which will deliver in June) will be in demand due to its new high-quality glass curtain walls and rents 20% less than in the R-B Corridor. Also on tap: 11141 Georgia Ave in Wheaton, an office building Lowe is converting into a 195-unit apartment complex. Mark says Lowe is adding seven floors on top of the old building, which is only 100 yards from the Wheaton Metro.