WASHINGTON, DC – Trammell Crow Company is pleased to announce that Market Square has received ULI Washington’s Legacy Award yesterday during the second annual Real Estate Trends Conference Awards Program.
Trammell Crow Company delivered Market Square, a 700,000-square-foot trophy mixed-use property located at 701 and 801 Pennsylvania Avenue, NW, in 1991. The complex consists of twin 13-story buildings with ground floor retail, eight floors of office, and four floors of residential condos that curve majestically inward to frame the U.S. Navy Memorial. The two freestanding buildings occupy more than two city blocks and feature unobstructed, panoramic views of the US Capitol Building, Washington Monument, Archives of the United States, and the National Mall.
“When Trammell Crow Company broke ground on Market Square over 29 years ago, we were determined to deliver a quality development meant to stand the test of time, and receiving the prestigious “Legacy Award” has confirmed that we have done so,” said Chris Roth
, President, Eastern Operations for Trammell Crow Company. “
Market Square has had a transformational impact on its surrounding community for more than two decades. The development was the first, and largest, mixed-use development within Penn Quarter and was the catalyst to begin the improvement of Chinatown, as well as other neighborhoods to the east of the project.
Market Square was also awarded ULI’s “Project of the Year” Award in 1992.
The “Legacy Award” is presented to a development project that has had a transformational impact on its community or surrounding land uses for more than two decades in a manner aligned with ULI’s mission and core values. Award winners exemplify excellence in urban design, can be characterized as truly sustainable, and represent the best of what makes the Washington region unique.
About Trammell Crow Company
Trammell Crow Company (TCC), founded in 1948, is one of the nation’s leading developers and investors in commercial real estate. The Company has developed or acquired more than 2,600 buildings valued at more than $60 billion and over 565 million square feet. As of March 31, 2016, TCC had $7.1 billion of projects in process and $3.1 billion in its pipeline.
Trammell Crow Company’s teams are dedicated to building value for its clients with professionals in 16 major cities throughout the United States. The company serves users of and investors in office, industrial, retail, healthcare, multi-family residential, through its operating subsidiary High Street Residential and mixed use projects. For those who occupy real estate, TCC can execute the development or acquisition of facilities tailored to meet its clients’ needs. For investor clients, the company specializes in joint venture speculative development, acquisition/re-development ventures, build-to-suit development or providing incentive-based fee development services.
TCC is an independently operated subsidiary of CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, and the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). For more information visit www.TrammellCrow.com.