Washington’s Wharf Wins 2 Flags
- Aug 10, 2015
By Keith Loria, Contributing Editor
Hilton Worldwide and Hyatt Hotels are teaming on a 413-key, 300,000-square-foot dual-branded hotel in Washington D.C.’s Wharf, to be developed by Hoffman-Madison Waterfront, the master developer of the world-class mixed-use waterfront community.
Canopy by Hilton will offer a 120,000-square-foot lifestyle brand hotel, with 175 keys, while Hyatt House will be a 145,000-square-foot extended-stay hotel, with 238 keys. Together, the two hotels will share a cafe/bar and other dining options; a 1,100-square-foot fitness center; 2,500 square feet of meeting room space; a courtyard with outdoor terraces and water features; an outdoor pool; and a rooftop bar with Washington Channel views.
“Of the 18 million visits a year The Wharf can handle, we will be able to accommodate business travelers and tourists, in addition to onsite and local to regional residents, their family and friends,” Monty Hoffman, PN Hoffman’s founder & CEO, told Commercial Property Executive. “It’s a critical component to the mix of office, for sale and for lease residential, concert hall and other entrainment, as well as multiple restaurants. Of course, all this will be along a mile of waterfront with lots of activity and transportation options.”
Located between Maine Avenue and Wharf Street, adjacent to 7th Street Park, the hotel site will include more than 30,000 square feet of street-level retail and restaurant space, along with two levels of below-grade parking.
The hotels are scheduled to open in the fall of 2017. Both properties will be managed and operated by Concord Hospitality Enterprises Co.
“While we know the hotel amenity is much needed and desired in this destination of commercial, residential and entertainment plus dining, it will also be distinctive in that the design and vibe of the hotels includes a very urbane approach to an extended stay property—different from what other suburban extended stays have traditionally offered,” Hoffman said. “The scope of the two properties will be a tremendous amenity for any profile of traveler, from large groups and conference attendees to return business travelers and families.”
In other news around the District, Akridge and Brandywine Realty Trust are developing 25M Street, a 275,000-square-foot building featuring both office and retail space.
The property is located directly across from the Navy Yard Metro Station and one block from Nationals Park in the burgeoning Capitol Riverfront neighborhood.
“We believe the Capitol Riverfront neighborhood is well-positioned for future growth and we are excited to be able to expand Brandywine’s presence in the D.C. area,” Mike Cooper, Brandywine Realty Trust’s executive vice president & senior managing director – Metro D.C. region, said in a company statement. “The acquisition and future development of 25 M Street is in line with Brandywine’s strategy of investing in high-quality developments in urban, transit oriented, amenity-rich, infill locations in its core markets.”
25 M will boast a full host of trophy amenities including a large, modern lobby, a 3,000-square-foot fitness facility and a rooftop terrace with views of Nationals Park. It will also offer 25,000 square feet of street-level retail, dining, and entertainment in a one-of-a-kind location.
The leasing team of Randy Harrell, Kevin Howard, Joe Coleman, and Melissa Byrd of CBRE will be marketing the building for the partnership.