Washington Gateway: hotels in the mixed-use environment
By: Jonathan Groner
The February 2007 issue of Southeast Real Estate Business has a front-page article by Daniel Beaird about Washington Gateway, a mixed-use project that just received approval from the Zoning Commission. The $350 million project will feature two office towers, a 250-unit residential tower, and a 150-room extended-stay hotel. Groundbreaking is set for the fourth quarter of 2007, with occupancy in the first quarter of 2010.
Fred Rothmeijer, a founding principal of the project's developer, MRP Realty, told the magazine that "the hotel is a good use to complement the office component" because "companies won't have to worry about where their out-of-town employees or clients stay."
Beaird writes that a hotel component for a mixed-use development "is the new trend ... as developers look for ways to accommodate not just the everyday employee through residential options, but also the traveling employee or client for a few days."
I would add that there is a shortage of top-quality hotels in that area, which is near the corner of Florida and New York avenues, N.W. The area, called NoMa (North of Massachusetts), is definitely on the way up.
Fred Rothmeijer, a founding principal of the project's developer, MRP Realty, told the magazine that "the hotel is a good use to complement the office component" because "companies won't have to worry about where their out-of-town employees or clients stay."
Beaird writes that a hotel component for a mixed-use development "is the new trend ... as developers look for ways to accommodate not just the everyday employee through residential options, but also the traveling employee or client for a few days."
I would add that there is a shortage of top-quality hotels in that area, which is near the corner of Florida and New York avenues, N.W. The area, called NoMa (North of Massachusetts), is definitely on the way up.
Labels: D.C., hotel, NoMa, Washington
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