X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-A leasing team has been put in place for the 385,000-sf office structure to be built at 1101 New York Ave. Real estate services firm Spaulding & Slye Colliers was chosen for the assignment by property developer and owner Louis Dreyfus Property Group. Construction of the building, prompted by accounting firm Ernst & Young LLC’s letter of intent to lease 140,000 sf at the facility under a 10-year agreement, is expected to begin in November.

Located across from the city’s old convention center near 12th and I streets, 1101 New York promises to be a premiere property in an East End area neighborhood that is currently being redeveloped into a live-work-play destination, full of new office towers and apartment and condominium buildings. If all goes as planned, construction of the property should wrap up in 2006. According to Advantis Real Estate Services Co.’s Mid-Year 2004 Office Report, class A space in the East End goes for about $43.25 per sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.