MRP’s Penn Quarter “Trophy” Office Loses Investment Partner, Gains Investment Partner

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MidAtlantic Realty Partners, LLC (or MRP) announced it has a newjoint-venture partner in ASB Real Estate Investments to build its previously announced Class A “trophy” office building planned at the southwest corner of Ninth and G Streets in Penn Quarter and intends to begin construction this summer. The former investment partner was Rockpoint Group LLC.


Regardless of the change in ownership, it doesn’t appearthat anything else will be different - MRP is still going to the dance, just with a new date on its arm.

Construction on the former NationalCapital Area YWCA site is set to commence this summer, and it’s still plannedas a nine-story, 112,000 s.f., LEED Gold building with a glass curtain wall. It’salso still being designed by San Francisco-based Gensler.

So life’s pretty much the same 900 G Street, and for MRP, save for the handthat feeds it.

Washington D.C. real estate development news