Investment Summary:
Meany & Oliver Companies, Inc. (Agent), as exclusive agent for Mount Vernon Place, LLC which is comprised of affiliates of Quadrangle Development Corporation and The Wilkes Company (“Owner”) is pleased to present this unique opportunity to purchase and develop 950 Third Street, NW, Washington, DC (the “Property”), one of the last remaining residential, or office development sites in Mount Vernon Triangle.
The Property is located in the heart of Mount Vernon Place, the Owner’s master-planned development comprised of nine building sites totaling over two million square feet of residential, office and retail space now nearing completion in Mount Vernon Triangle. Master-planned by Hartman-Cox Architects and Sasaki Associates, Mount Vernon Place is a unique downtown urban enclave with distinctive character, a lively mix of residential, office and retail uses, and an overall urban environment that has constant 24/7 energy and activity.
It is anticipated that the Property will yield up to 136,148 gross square feet of above grade residential development or up to 122,049 square feet of above grade gross building area for office use, depending on floor-to-floor heights, building height, and setback requirements.
Do not miss this opportunity to purchase one of the last remaining development sites in Mount Vernon Triangle.
