In 2006, a joint venture comprised of affiliates of StonebridgeCarras and Walton Street Capital acquired Constitution Square, a seven acre development site located immediately adjacent to the recently completed New York Avenue Metro Station (Red Line) in the NoMa submarket of Washington D.C. 

NoMa is one of the District’s most dynamic new development venues that is expected to be the home of 15,000 new office workers and thousands of new residents over the next five years. It is one of the few locations in the District able to meet the large scale office consolidation requirements of federal government agencies requiring proximity to Metro. As a result of the retail, residential and hotel amenities now coming to the area, NoMa is also attracting interest from the private and non-profit sectors, an example being National Public Radio which recently announced plans to move its new headquarters to NoMa, a few blocks from Constitution Square.

The initial phase of Constitution Square will comprise 1.6 million square feet including two Class A, LEED Gold Certified office buildings, 440 luxury apartment units, a new 50,000 square foot full service Harris Teeter grocery store and a 204 key Hilton Garden Inn.  StonebridgeCarras has secured a 521,000 square foot lease from the Federal Government for the Department of Justice – the largest Federal lease signed in the District since 2002 – for the first phase of this project.

The site, master planned as a 2.5 million square foot, transit oriented, mixed-use development, encompasses an entire city block between 1st and 2nd and M and N Streets, N.E. and is designed as a model for integrated, mixed-use development. Constitution Square has partnered with NoMa’s Business Improvement District and the D.C. Office of Planning to achieve designation of the area as one of the pilot programs areas for “LEED for Neighborhoods.”

The first phase of construction began in the spring of 2008 and will deliver in 2010, defining the epicenter of this exciting new submarket.