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Development Team Selects Boutique Brokerage Firm for Million Square Foot Project in Mount Vernon Triangle.


WASHINGTON -- Quadrangle quadrangle

Rectangular open space completely or partially enclosed by buildings of an academic or civic character. The grounds of a quadrangle are often grassy or landscaped.
 Development Corporation and The Wilkes Company announced today that Meany & Oliver Companies, Inc. has been retained as the exclusive leasing agent for the commercial component of Mount Vernon Mount Vernon, estate, United States
Mount Vernon, NE Va., overlooking the Potomac River near Alexandria, S of Washington, D.C.; home of George Washington from 1747 until his death in 1799.
 Place, the 2.2 million square foot project being developed by a joint venture of Quadrangle Development Corporation and The Wilkes Company.

Located in the heart of the Nation's capital, Mount Vernon Place (www.MountVernonPlace.com) is a spectacular new mixed-use community comprising eleven buildings with approximately 1.1 million square feet of office and retail space, and another 1.1 million square feet of residential space. Master-planned by the renowned architecture firm Hartman Cox Associates, together with landscape architects Sasaki Associates Sasaki Associates is an architecture, landscape architecture, and urban planning firm founded in 1953 by Hideo Sasaki (1919-2000). Sasaki was educated at the University of California, Berkeley, the University of Illinois, and Harvard University. , Mount Vernon Place includes a series of office buildings along K Street and a 1,000-unit residential enclave along Massachusetts Avenue Massachusetts Avenue may refer to:
  • Massachusetts Avenue (Boston), Massachusetts, also:
  • Massachusetts Avenue (MBTA Orange Line station), a subway station on the MBTA Orange Line
 and Third and Fourth Streets to the south. The master plan also includes a plaza, public art, cafes and finely detailed streetscapes.

"There has been an overwhelmingly positive response to the residential component of Mount Vernon Place. With such an amazing a·maze  
v. a·mazed, a·maz·ing, a·maz·es

v.tr.
1. To affect with great wonder; astonish. See Synonyms at surprise.

2. Obsolete To bewilder; perplex.

v.intr.
 amount of development activity now under way in Mount Vernon Triangle, we feel the time is clearly right to bring our commercial component to the market," said Sandy Wilkes, Chairman of The Wilkes Company.

The venture currently has two residential condominiums under construction at Mount Vernon Place: The Sonata, a 78-unit building scheduled for completion later this year, and Madrigal madrigal, name for two different forms of Italian music, one related to the poetic madrigal in the 14th cent., the other the most common form of secular vocal music in the 16th cent.  Lofts, a 259-unit building scheduled for completion in late 2007. The first of five office buildings in the project, 300 K Street, a 250,000-square-foot Class-A building designed by Hartman Cox, will be ready for occupancy in late 2008.

"The Mount Vernon Triangle market is the natural expansion of the established East End, as well as the bridge to Capitol Hill and NoMA," said Sharon M. Oliver, Principal of Meany & Oliver Companies, Inc. "For large users of office space with occupancy targeted for 2008 or later, Mount Vernon Place represents an exceptional opportunity. We are thrilled to be working with two of Washington's most highly respected development companies."

As one of Washington, DC's largest and most reputable commercial and residential real estate developers, Quadrangle Development Corporation brings more than 35 years of experience to Mount Vernon Place. To date, Quadrangle has completed, acquired, commenced development of, or begun planning over 83 buildings in the Washington metro area This article is about the music production team. For the article about population centers, see metropolitan area.

Metro Area are a Brooklyn-based dance music production team composed of Morgan Geist and Darshan Jesrani.
, aggregating 22 million square feet. Quadrangle projects include Class-A urban and suburban office buildings, hotels, condominium condominium

In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common.
 and apartment projects, and mixed-use retail/office/living developments.

Founded in 1982, The Wilkes Company is a real estate development and property management firm also based in Washington, DC, specializing in commercial and industrial development. The company's portfolio has substantial retail holdings throughout the Washington area, and the largest number of industrial and flex-space buildings in the District. Its development activities include innovative adaptive reuse Adaptive reuse is the process of adapting old structures for new purposes.

When the original use of a structure changes or is no longer required, as with older buildings from the industrial revolution, architects have the opportunity to change the primary function of the
 and historic preservation Historic preservation is the act of maintaining and repairing existing historic materials and the retention of a property's form as it has evolved over time. When considering the United States Department of Interior's interpretation: "Preservation calls for the existing form,  projects in the city's East End, such as the Henley Park Hotel and the Academy Building on Fifth Street.

Founded by Philip E. Meany and Sharon M. Oliver, Meany & Oliver Companies, Inc. is a commercial real estate firm providing brokerage, consulting, investment and marketing services to a variety of institutions and owners.

More information on Mount Vernon Place can be found at www.MountVernonPlace.com.

Additional images available upon request.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Feb 21, 2006
Words:545
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