337,000 GSF, 31300 M2
LEED for Core & Shell (CS) LEED-CS-Platinum
Award for Excellence in Historic Preservation
Originally built in the early 1960s, this eight-story office building held great potential for return on investment, with efficient floor plates and a prime site near Washington D.C.’s Dupont Circle. Untouched since the mid-1980s, it lacked the curb appeal, amenities and energy-efficiency demanded by potential tenants.
When Hines purchased the building, they saw a diamond in the rough and enlisted SmithGroupJJR to transform the B-quality building into a dynamic, highly sustainable (LEED-CS Platinum-requirement), trophy-class asset. The design leveraged the use of Transferrable Development Rights (TDR’s), allowing a three-story addition on top of the existing concrete structure. The strategic decision to add-on vs. tear-down and rebuild saved a year on delivery and millions in project costs—plus it was sustainable, too.
Boasting more rentable square feet and functionality—and a predicted Energy Star score of 99—the property has attracted a roster of first-class tenants and retailers. The stylish modernization placed 1200 19th into the top of the leasing market, proving that creative repositioning can successfully transform older real estate into valuable, beautifully-updated assets.
NAIOP: Creating Modern Curb Appeal
NAIOP Development-magazine showcases repositioning value in this article.