What We Have Done

Gallery Place is a $200 million project consisting of 245,000 square feet of retail on three levels; a 100,000 square foot, 21-screen AMC stadium-seating multiplex theater on two levels; 170 market-rate apartment units on 9 levels; and five levels of below grade parking. The project is immediately adjacent to MCI Center, home of the Washington, DC NBA, NHL, and WNBA franchises, home to the Georgetown Hoyas, and host to numerous concerts, ice, shows, and other events. Responsibilities included negotiating the first Tax Increment Financing (TIF) Development Agreement in the District of Columbia authorizing the sale of $68 million in TIF bonds; negotiating land disposition and environmental remediation agreements with WMATA and the DC government; obtaining Council approval of alley closings; securing WMATA approval of adjacent construction; and negotiating agreements and easements with abutting Chinatown properties. Development responsibilities included selection of a Construction Manager and subsequent development of an “up-down” construction sequence that will cut 6 months off the construction period; architectural and consultant team selection and management; developing lease plans and proposals, managing the budget and proforma; negotiating minority business participation levels; and securing all agency approvals. The project is scheduled to start construction late 2000.