GSA to take the rest of One Constitution Square
In November, the General Services Administration agreed to lease 288,255 square feet of temporary space at One Constitution Square, and now the agency will take 40,996 more square feet to occupy the entire building.
It just upped its lease to occupy all 329,251 square feet in the neighborhood north of Massachusetts Avenue feet while its 1800 F Street NW headquarters undergoes a stimulus-funded modernization.
About 1,200 GSA employees will move into the temporary space at 1275 First Street NE in the spring of 2011. Design work on the NoMa space will begin in late November.
The GSA will occupy the space until its headquarters deliver in 2016. The lease was for five years with two one-year renewal options.
The Department of Justice made a similar move a year ago, upping its 521,000-square-foot lease to occupy all 575,790 square feet at Two Constitution Square at 145 N St. NE.
With the latest GSA lease expansion, the commercial space within the 1.6 million-square-foot first phase of Constitution Square is now 99 percent pre-leased.
Other than One and Two Constitution Square, the development also includes a residential building with 440 luxury apartments, a 50,000 square foot Harris Teeter grocery store, a 204-room Hilton Garden Inn and 30,000 square feet of street-level retail space. Constitution Square is adjacent to both entrances of the New York Avenue Metrorail station.
Constitution Square — the first major mixed-use project to break ground in the NoMA neighborhood — is being developed by affiliates of StonebridgeCarras LLC of Bethesda and Walton Street Capital LLC of Chicago. The private-sector project also has one million additional square feet of future office, residential, and retail development.....
http://washington.bizjournals.com/washington/stories/2010/03/29/daily21.html?surround=lfn
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