The JV will rely on the Arlington, VA-based real estate services firm to oversee the lease-up of the site's 1.2 million-sf class A office and retail segment. Meany has the exclusive on the job.
Upon completion, Mount Vernon Place will feature five office buildings and six residential structures, all designed by the architectural firm of Hartman Cox Associates. The office space, a Mount Vernon Place spokesperson tells GlobeSt.com, is being marketed in the high-$30s-to-low-$40s range. While there have been no solid commitments yet--the first office building will not deliver for another two years--there has been a great deal of activity regarding potential leases, he says.
"The Mount Vernon Triangle market is the natural expansion of the established East End, as well as the bridge to Capitol Hill and NoMA," Meany & Oliver principal Sharon M. Oliver says.
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