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16 Things You Need to Know This Morning

Washington, D.C. Morning Brief Washington DC
Washington, D.C. Morning Brief
March 29, 2016 Bisnow
16 Things You Need to Know This Morning
Rubenstein Gutting, Renovating
Newly Named 'Carlyle Tower'

EagleBank provided the post-acquisition and redevelopment funding for 2461 Eisenhower Ave, a mixed-use office and retail property totaling 360k SF and 2425 Eisenhower Ave, a retail development pad that can accommodate 7,800 square feet. This area, slated for redevelopment into a live/work/play town center, is located across the street from the NSF’s new HQ and the Eisenhower Avenue Metro Station om the Yellow Line. 2461 Eisenhower—to be rebranded “Carlyle Tower”—is a 14-story, 335k SF office building that also includes 24k SF of single-story retail that “wraps” the office building and contains seven restaurants, along with Starbucks. The office building is currently “gutted” and in shell condition and will plan to undergo a 15-month transformation into a Class A office building. The renovation is expected to be completed in early 2017. Rubenstein Partners closed on the property last September.

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