2018 Year in Review
A robust first quarter of 2019 had us hit the ground running right out of the gate – so much so that we are finally just catching our breath and taking a moment to look back on the challenges, changes and successes we had in 2018. Internally, we were thrilled to add some new talent to our new team, expand our local and national presence and broaden our partnerships. For our clients, we were excited to complete a number of projects while embarking on new projects for existing and new clients. All in all, the efforts and work we accomplished in 2018 came together to set us up for another successful year.
New Team Members
As business continued to expand in 2018, we responded by growing our leadership team. Our firm was thrilled to welcome three new Managing Directors/Partners: Michael S. Ollinger, Grid Gremi and Andrew V. Marusak, IV. Each of these senior-level leaders brings years of unique experience to the firm’s arsenal, thereby strengthening our bench by adding industry expertise, know-how and contacts that touch all facets of our business. This expansion of our leadership team has enabled our firm to catapult into a broader marketplace and establish a presence among bigger brands – all while remaining a scalable entity and providing unprecedented opportunities to our clients on projects of every scope and size.
Serving as a catalyst for positive redevelopment is one of our firm’s goals. Huntington Crossing is an example of how rewarding it can be to create a new community where Washingtonians can enjoy incredible access and intelligently-designed livability.
After acquiring a six-acre parcel adjacent to the Huntington Metro, our team took it through the rezoning process it from office use to a residential zone. Considering the site’s exceptional access to Metro, I-495, the Hoffman Town Center and Old Town Alexandria, we felt that Huntington Crossing could be a superb addition to the transit-oriented development along northern Virginia’s Metro lines.
In late 2018, we partnered with Lennar Homes, a preeminent national homebuilder with a depth of experience in this dynamic region. The partnership resulted in a 62-unit, urban-style, multi-family product designed to fit the environmentally sensitive area. Future residents will enjoy direct nature trail and park access as well as proximity to Metro. Truly the best of both worlds. Currently completing the County Site Plan process, Hunting Crossing anticipates a construction start by the end of 2019.
Bren Mar Self-Storage
A direct investment for our firm and part of our Self-Storage and Warehouse development initiative, we entitled land along the I-395/I-495 corridor in the Bren Mar neighborhood of Alexandria where we felt Self Storage and Warehouse was underserved and provided for incredible access given the location. The effort required rezoning the Property from office/warehouse use to self-storage use, which was successfully accomplished in 2018. Through the Investment we teamed up with Beyond Self-Storage and they will deliver their first Self Storage facility in the DC Metro area. The projected date of delivery for this new facility is 1st QTR 2020.
In a joint-venture partnership with Persimmon Capital Partners and Lantian Development, we purchased The Mark in Alexandria in 2015 and established a multi-faceted approach to converting the once blighted Hotel into a 227-Unit Apartment Building. In 2018, after successfully completing the renovation and the announcement of Amazon HQ2 we welcomed a new Joint Venture partner in RSE Capital Partners and put new long-term Freddie Mac financing on the Property.
Property management also transitioned from Kettler to Van Metre. Today, the building is welcoming residents in a “like new” property with upscale amenities that include an expansive terrace and pool, luxury club lounge, coffee bar and outdoor fire pit.
Northpoint 3rd Party Project and Construction Management Engagements:
Our Firm is providing Construction Management / Owner’s Representation oversight on behalf of JBG Smith at The Glover House, which is set to deliver Q2 of 2019. The Glover House is a seven-story, 226 unit mixed-use residential property spread across three buildings located on Wisconsin Avenue in the Glover Park submarket of Northwest Washington, DC. The residential portion of the property will have unparalleled amenities for the submarket, to include a rooftop lounge featuring expansive views of the Washington monuments, Georgetown and the Virginia skyline, a rooftop infinity pool, a courtyard with seating, dining tables and fire pits, an upscale gym and yoga room, and a reading lounge. The project also offers below grade parking and nearly 20,000 SF of ground floor retail anchored by a large grocer.
One Dulles Tower (13200 Woodland Park Road)
Our firm provided construction management and owner’s representative services to Federal Capital Partners for the commercial office property at One Dulles Tower in Herndon, Virginia. In addition to managing the landlord base building renovation, Northpoint served as the owner’s representative during three phases of tenant fit out for a globally prominent, full building tenant.
Carlyle Tower (2461 Eisenhower Avenue)
After acquiring 2461 Eisenhower Avenue with Rubenstein Partners in 2015 (re-branding it as Carlyle Tower), our teams have worked diligently through 2018 on the design, renovation and additional retail entitlements of the 365,000-square foot mixed-use project. Our efforts came to fruition in 2018 when we completed renovation of the building’s core and shell. The result is a striking property with new building systems, floor-to-ceiling glass and state-of-the-art amenities. The office portion of the building anticipates being awarded LEED Silver Certification later this year. Approximately 22,500 square feet of existing retail was repositioned and is completing a façade upgrade. A new, 7,800-square-foot, retail building was entitled in December 2018. The development is now leasing both office and retail space and is poised to become one of the area’s most successful new destinations.