First residential community to offer Nationals Park views
WASHINGTON, D.C. (April 7, 2016) – Grosvenor Americas, a property investment and development company, today released a rooftop rendering of their F1RST residential community in Washington, D.C.’s Capitol Riverfront neighborhood. The rendering reveals the District’s first rooftop stadium-seating view into Nationals Park. F1RST will deliver in early 2017.
“F1RST will be the first residential community in the Capitol Riverfront with expansive views into Nats Park,” said Jonathan Carr, senior vice president of development for Grosvenor’s D.C. office. “Next year, F1RST residents can be a part of Opening Day by relaxing at home – on their rooftop. The F1RST rooftop will be a fantastic environment for the residents.”
F1RST is designed to LEED Silver and will offer 325 rental apartments, of which 50 will be offered at below market rental rates. F1RST not only provides an outdoor rooftop theatre for residents, but the 450,000-square-foot mixed-used development will also provide an array of amenities including a rooftop pool and hot tub, full-service concierge staff and a 2,300-square-foot fitness center. The development also includes a 170-room Residence Inn by Marriott and over 24,000 square feet of retail space – where Taylor Gourmet and Chop’t are already confirmed.
F1RST is less than a quarter of a mile from the Anacostia Riverwalk Trail, a block from Navy Yard Metro Station, a mile from Capitol Hill and minutes away from The Yards.
As part of Grosvenor’s “Living cities” approach, nearly 87 percent of construction waste for the residential portion of F1RST will be diverted from the local landfill to recycling facilities.
F1RST was designed by Hickok Cole Architects and co-developed by McCaffery Interests, who also provide construction, leasing and property management for the project. Bethesda-based Clark Enterprises is an equity partner in both the residential and retail components.
About Grosvenor Group
Grosvenor Group has 17 offices in 11 countries and assets in 16 countries. The Group has regional investment and development businesses in Britain and Ireland, the Americas, and Asia Pacific. The Group’s international fund management business operates across Continental Europe. It also has indirect investments, managed centrally. Unusual for a private company, Grosvenor publishes a detailed reporting suite - Annual Review, Financial Statements, Environment Data and index of sustainability reporting under the GRI initiative - available at: www.grosvenor.com.
About Grosvenor Americas
Grosvenor Americas aims to become a market leader in select geographical areas and sectors in Canada and the USA through focused, strategic expansion. Grosvenor Americas uses their knowledge of the cities they work in and their property skills to develop projects that contribute to the vibrancy and attractiveness of those communities. With a specific interest in retail, residential condominiums and apartments, and mixed-use sectors, the Company currently operates in Washington, D.C., Seattle, San Francisco, Los Angeles, Vancouver and Calgary. As at 31 December 2014, Grosvenor Americas had assets under management of $2.3B USD. For more information, please visit www.grosvenor.com.
About McCaffery Interests
McCaffery Interests, Inc., is a privately owned, full-service commercial real estate company that has been in the business of investing, developing, leasing and managing real estate for 25 years. The McCaffery Interests portfolio of planned, completed and managed projects exceeds 20 million square feet and includes office, mixed-use, hotel, and residential properties, as well as large, master-planned communities and land developments. With offices in Chicago, Washington, DC, and Pittsburgh, and controlled assets and completed developments valued in excess of $2 billion, McCaffery Interests is one of the most trusted real estate companies in the nation. For more information, please visit www.mccafferyinterests.com.
About Clark Enterprises
CEI has distinguished itself as a leader among real estate owners, investors and developers in the Washington, DC area. CEI maintains an impressive portfolio of diversified commercial, residential and industrial real estate assets with current interests in millions of square feet of office space, as well as thousands of hotel and residential units, primarily located in the Washington, DC metro area. CEI is involved in all aspects of ownership, development and management of its properties. Through its sophisticated in-house expertise and experience, as well as strategic partnering, CEI actively drives value creation. For more information, please visit www.clarkenterprisesinc.com.