Monday, December 6, 2010

Patriots Plaza Almost Fully Leased

According to Real Estate Bisnow, Phases II & III of Patriots Plaza will most likely be fully leased by the end of the year (they are currently 95% leased to government tenants). Recent tenants include the Department of Health and Human Services' Office of the Inspector General and Office of the National Coordinator for Information Technology. There was an event at Arena Stage in late November hosted by Bisnow where real estate developers came together to talk about Southwest. In another article in Bisnow, a lawyer from Arent Fox that specializes in real estate development made some comments about the future of Southwest stemming from one of the panel discussions she moderated:
There really seem to be two “Southwests” (the GSA-dominated area at the edge of the Mall and the residential neighborhoods closer to the water). JBG's L’Enfant Plaza, PN Hoffman and Madison Marquette's Southwest Waterfront, and Forest City, Vornado/Charles E. Smith, and Bresler & Reiner's Waterfront Station will bring the quadrant together. “In five to 10 years, District residents will start to see Southwest as a live/work/play environment unlike any other in the city.
I would argue that Southwest is already unlike any other place in DC.

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