1001 Penn
Earlier this year, 1001 Penn underwent a transformation, becoming a modern office experience that exceeds the needs of Washington, D.C., employers in a post-pandemic environment. The renovation team repositioned the building by modernizing the atrium and lobbies at all four entrances and by adding amenities including a 100-plus person conference facility, breakout conference rooms and lounge area, a wine bar, a state-of-the-art, 8,000-square-foot fitness facility, and bike room, as well as the latest full-service and fast-casual restaurants.
These efforts were spearheaded by a collaboration among global investment manager Nuveen Real Estate; local architecture firms FOX Architects, Hickok Cole and HYL Architecture; global design and architecture firm Gensler; global commercial real estate services company Cushman & Wakefield; general contractor Rand Construction; and the property/construction management services of Hines. As a result of these renovations, 1001 Penn recently achieved over 95% occupancy, solidifying the building’s trophy status among the tenant community. (WBJ)
17.3 Million
The priciest home on the market in DC has sold. The 12,200 square-foot former ambassadorial residence for the Swedish government at 3900 Nebraska Avenue NW closed on Tuesday for $17.3 million. The home, listed with T.J. Morton and Cara Pearlman of Compass, hit the market back in November for $19.5 million. When the listing went under contract in December, Pearlman told UrbanTurf that the listing received nearly a dozen offers. (UrbanTurf)
Colleen Healey Architecture
Colleen Healey Architecture has revamped a home on a radial lot facing Washington, D.C.’s Logan Circle, retaining historic details while updating the spaces for contemporary living. The renovated eight-bedroom house fronts Logan Circle, one of the city’s grand rotaries that connects several major avenues, created as part of engineer Pierre L’Enfant’s original masterplan.
Due to its location, the lines of the building’s plan are subtly radial and therefore none of its walls are parallel to one another. This proved a challenge for local architect Colleen Healey, who had no choice but to embrace this and incorporate the unusual parameters into the design.
Built in 1883, the home’s three-story front section once comprised an entry hall, living and dining room on the ground floor, an owner’s suite and two spare bedrooms on the first floor, and two further bedrooms on the second. (dezeen)
The conversion of a high-rise Alexandria office building into a 212-unit apartment tower has been completed, according to developer PRP. Washington, D.C.-based firm PRP bought the 12-story, 209,000-square-foot property at 4900 Seminary Road in 2018. The property is named Sinclaire on Seminary, and average apartments are 850 square feet in size with ceilings up to 10 feet tall.
The conversion is the latest in a trend that’s seen Alexandria’s office uses increasingly being turned into residential space. A study last year found that Alexandria took the fourth spot in a national ranking of cities experiencing office-to-residential conversions. (ALXNow)
