Lincoln Property Company, Cara Real Estate and Manhattan Construction Company proudly announce that The Bank Building project located at 699 14th Street, NW has topped-out and is on its way to, once again, becoming the corner piece to this bustling Central Business District neighborhood.Working with Shalom Baranes Associates, consultants, and with approvals from the Historic Preservation Review Board, the team is renovating and restoring the former National Bank of Washington building located on the corner of 14th and G Streets, NW.This historic building will be transformed into a 37,000 SF retail venue and added to it,will bean attached,125,000 SF trophy office tower along G Street, NW.
Set to complete in the Spring of 2021, the 162,000 SF project includes an 11-story, new office tower and a re-development of the five-story,historic bank building which is a signature architectural piece at this well-known intersection. The new office tower will include a rooftop terrace, an 11th floor terrace and open-air balconies on every floor. It will also include a penthouse conference facility, a state-of-the-art fitness center,and will feature high-quality HVAC and touchless entryway systems. Many of The Bank Building’s historical features will be preserved and restored, such as its large safe vault, original pendant chandelier, operable windows, artesian quality millwork and ornate plaster ceilings, and will serve as a backdrop for substantial retail planned for the building.
Though the topping-out celebration has been postponed in consideration of the current pandemic, the placement of the final concrete pour for the new office tower’s penthouse level on this $162 million re-development project was carried out on July 29,2020.
“We are thrilled to announce the “topping out” of The Bank Building, said Brandon Ernst, executive senior vice president of Lincoln’s Mid-Atlantic region. “Just one year ago this development was not much more than a hole in the ground. Every project has its unique challenges and The Bank Building has continued to move forward despite an unprecedented pandemic. It has been amazing to watch the collaboration of the development team as they react quickly to the challenges brought on by COVID-19. Over the last 12 months the onsite team has driven over 50 piles, poured 10,000 cubic yards of concrete, placed over 1,100 tons of rebar, and laid 52 miles of post-tension cables. The project has kept momentum and maintained the development schedule while operating under the ever-changing safety guidelines. It would be too difficult to name all of the highly-skilled team members who have contributed to this milestone, but I would like to recognize our partner Cara Real Estate, architect Shalom Baranes Associates, general contractor Manhattan Construction Company, and extend a special thanks to our surrounding neighbors for their patience and understanding.”
Brandon added, “We are very excited about the future of our development and are looking forward to delivery of what we feel is the most unique office and retail development in Washington, D.C. in the 1st quarter of 2021.”
Currently, there is 162,000 SF of trophy office and retail space available with lease discussions on-going with several interested parties. Lincoln Property Company, the exclusive leasing company for the project, is represented by Adam Biberaj, Merrill Turnbull, Beth Wilzbach and Devin Corini (Retail).
About Lincoln Property Company
Lincoln Property Company, founded in 1965, is a Dallas, Texas-based global real estate company with offices in more than 450 cities in the United States and ten cities throughout Europe and is one of the largest privately-held commercial real estate companies in the United States.Real estate services include investment and acquisition, property management, development, facilities and engineering management and brokerage services worldwide. Currently, Lincoln has $30 billion in total assets under management and has developed in excess of 138 million square feet of office, residential and industrial space. For more information on Lincoln Property Company, please call 202.513.6700 or www.lpcwashingtondc.com
About Cara Real Estate
Cara Real Estate, the Real Estate arm of Frankfurt, Germany based investment manager Cara Investment, invests in real estate opportunities throughout Western Europe and the US. Notable transactions include the recent acquisitions of 7-10 Waterloo Place and 20 Soho Square in London as well as the Nike Store in Georgetown and 0 Bond Street in New York.
About Manhattan Construction
Founded in 1896, Manhattan Construction Company is a fifth-generation family-owned company that provides preconstruction, construction management, program management, general building, and design-build services throughout the United States, Mexico, Central America, and the Caribbean. Manhattan’s Mid-Atlantic office has served the Washington, D.C., Virginia, and Maryland areas for more than three decades, and has constructed several high-profile corporate commercial, education, laboratory, transportation, and government projects including the U.S. Capitol Visitors Center. Manhattan is a 16-time Associated Builders and Contractors (ABC) Accredited Quality Contractor (AQC), an ABC 2020 Top Performing Contractor, a nine-time STEP Diamond Safety Award Winner, and a 2019 National Safety Excellence Award winner. www.manhattanconstruction.com
