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D.C.’s top development projects of 2017, revealed

See who the most active developers and architecture firms were

DC Skyline Photo via Shutterstock/Sean Pavone

The year is almost over, and there’s a lot to think about. Thankfully, the fourth annual D.C. Development Report breaks down the year’s most important development news by development sector (i.e., office, retail, residential, hospitality, quality of life) and neighborhood (e.g., Adams Morgan, Anacostia).

In this report, the non-profit, public-private organization, the Washington, D.C., Economic Partnership (WDCEP), tracked major development and construction projects in D.C. for 2017 with contributions from more than 100 developers, architects, contractors, and economic development organizations.

To create the report, the WDCEP also partnered with CBRE, the world’s largest commercial real estate services and investment firm.

This year, there were a total of 260 office projects completed (over 55 million square feet), 374 retail projects completed (over 7.8 million square feet), 625 residential projects completed (over 67 million square feet), 119 hospitality projects completed (over 17.69 million square feet), and 276 quality of life projects completed (over 20.7 million square feet). The total estimated value of these projects is $54.3 billion.

The most active developers since 2012 in terms of the number of projects have been Douglas Development Corporation, JBG SMITH, WC Smith, and Jair Lynch Real Estate Partners, in order from most active to least. Since 2012, the most active architects include Bonstra | Haresign Architects, Shalom Baranes Associates, and WDG Architecture, in order from most active to least. Finally, for general contractors, the most active have been Clark Construction Group, Hamel Builders, and Grunley Construction, in order from most to least.

From Q3 2016 to August 2017, the top office projects completed were 600 Massachusetts Avenue NW, 2000 K Street NW, and 1800 K Street NW, in order from most square feet to least. In the near term, the top office projects in the pipeline are The Wharf’s Phase II, Sentinel Square’s Phase III, and 2100 Pennsylvania Avenue NW, in order from most square feet to least.

On leasing activity, technology firms have accounted for 374,000 square feet over the last 12 months, surpassing the previous year’s 180,000 square feet, according to a press release.

The top residential projects completed from Q3 2016 to August 2017 were AVA NoMa, Apollo, and Camden Noma’s Phase II, in order from most square feet to least. The largest residential projects still in the pipeline include 3900 Wisconsin Avenue NW, the McMillan sand filtration site, and Armature Works, in order from most square feet to least.

For hospitality, the top projects completed from Q3 2016 to August 2017 were the Trump International Hotel, the National Museum of African American History & Culture, and Homewood Suites, in order from largest to smallest. The top hospitality projects in the pipeline are the National Air and Space Museum renovation, Storey Park, and Armature Works, in order from largest to smallest.

On hotel occupancy records, the average occupancy in D.C. from Q3 2016 to Q2 2017 was 78.4 percent, compared to the D.C. area, which averaged 72.2 percent. The national average is 65.6 percent.

For a deeper dive into the WDCEP’s report, be sure to download it on their website here. For more previews into the report, see the gallery below.

D.C. Development Report [WDCEP]