Development Magazine Winter 2013

Development - Ownership

NAIOP Sustainable Development Award Honors StonebridgeCarras for 200 I Street

StonebridgeCarras received NAIOP’s 2013 Sustainable Development Award for its conversion of this former Washington Post printing facility into a LEED Platinum certified office building for the District of Columbia Department of General Services.

Bethesda, Md.-based StonebridgeCarras was named the recipient of NAIOP’s annual Sustainable Development Award, which was presented during a special ceremony at Development ‘13: The Annual Meeting for Commercial Real Estate.

StonebridgeCarras was honored for transforming 200 I Street, SE, in Washington, D.C., from a windowless industrial printing facility into a first-class office building. The facility had been unoccupied since 1988, and its many different types of structural systems, lack of mechanical systems and large floorplate had made reuse difficult. Others had attempted to revitalize the building prior to StonebridgeCarras’ involvement, but none had succeeded.

StonebridgeCarras worked with the District of Columbia Department of General Services in a public-private partnership to create a plan that would allow the district to acquire the existing structure and redevelop it into a functional office building for district agencies. As Jane Mahaffie — principal at StonebridgeCarras and development director of 200 I Street — accepted the award, she shared that “the collective objective of StonebridgeCarras and the District of Columbia was to create an outstanding work environment of the 21st century on a very cost-effective basis.

interior view of the 200 I Street office building

The building’s former loading dock has become its new main entrance, lobby and art museum.

“Our team was able to completely adaptively reuse this building. Our goals for it included creating a sense of place while paying homage to the former industrial use,” she said. “Our team had a clear goal of maximizing our sustainable options on the site, with more than 85 percent of the structure reused. That was no easy task with six different structural systems, 12 types of columns and four types of elevations.” The project is the largest in Washington, D.C., to achieve LEED Platinum certification for both Core & Shell and Interiors.

One of 200 I Street’s greatest innovations involved turning the loading dock of the existing structure into the building’s main entrance. This allowed StonebridgeCarras to design the large entryway as a standalone art museum that now houses artwork owned by the district. The switch also provides better access to public transportation, and the building now faces the newly constructed Canal Park and the Capitol Riverfront neighborhood.

exterior view of the 200 I Street office building

“We are extremely honored to be selected by NAIOP for this great award,” said Mahaffie. “This is tremendous recognition of the creative and outstanding work done by our entire project team and the commitment of our partner — the District of Columbia — to renovate this building to not only meet its needs but also to be a shining example of contributing to the neighborhood and our environment.

"At StonebridgeCarras, we believe that although buildings may not look all that different to the eye in the near future, the advancement of sustainable systems and materials is completely changing buildings. We believe sustainable building is now just what we do,” she concluded.

StonebridgeCarras is a privately held real estate investment and development firm focusing primarily on developing mixed-use properties in the Washington, D.C., metropolitan region. During the past 20 years, the principals of StonebridgeCarras have been involved in the acquisition, development, joint venture, financing and disposition of more than $5 billion in real estate assets in the area.

2013 Marks Ninth Annual Award for NAIOP

NAIOP established the Sustainable Development Award in 2005 to recognize the growing number of firms engaged in environmentally conscious development. NAIOP and its member companies are committed to developing model properties adhering to the highest standards in the industry and believe that socially conscious development is essential to the economic vitality of the industry.

Applications are reviewed by industry leaders and judged on a number of criteria, including company commitment to sustainability, project history, economic analysis, water efficiency, energy efficiency, accessibility, innovation and other sustainable attributes.

Need more examples of sustainable projects? NAIOP’s collection of Green Case Studies of office, industrial and retail/mixed-use projects is available through NAIOP’s E-Library.

From the Archives: Development Ownership Articles from the Previous Issue phase 3

Developer of the Year 2013: Vulcan Real Estate's Bold Vision 

Microsoft co-founder Paul G. Allen’s real estate development company, Seattle-based Vulcan Real Estate, is leading one of the largest urban redevelopment efforts in the U.S. Vulcan’s ability to articulate a vision; collaborate with multiple public and private entities; obtain expensive infrastructure improvements; and finance, design, deliver, and fill office, scientific, medical, residential, and retail structures turned around an underused, aging industrial neighborhood just south of Seattle’s central business district.

exterior of South Jordan Medical Center

South Jordan Health Center: Developing a Sustainable Medical Facility 

When the University of Utah and Kennecott Land decided to build a new health center in the rapidly growing planned community of Daybreak in South Jordan, Utah, they had ambitious goals: to provide the community with a facility that would offer the best in health care services and state-of-the-art medical technology while also limiting the building’s impact on the environment. Most full-scale medical facilities use an enormous amount of energy, which makes obtaining LEED certification a challenge. But by implementing sustainability features into the building from the earliest design stages the development team was able to exceed its expectations.