22 Capital Partners’ Gramercy District Development Is Underway
Washington, D.C. region’s first smart city project team selected
CHANTILLY, Va., Aug. 22, 2016—22 Capital Partners, a venture builder private equity company, announced the project team for its $500+ million development “Gramercy District”, a smart city project located just outside of Washington, D.C.
22 Capital Partners has put together a team capable of implementing the vision of a marriage between technology and real estate development to create a smart city of the future. Tishman Construction unit of AECOM (NYSE:ACM), a premier, fully-integrated global infrastructure firm headquartered in Los Angeles will team up with TRINITY Group Construction headquartered in Herndon. DVA Architects of Gaithersburg, Maryland, will design the Gramercy District campus. This smart city will include a combination of outdoor plazas and public spaces where consumers can seamlessly interact with all of the businesses. Greystar will provide preconstruction consulting and property management services. These four firms join existing project team members: Bowman Consulting Group, McGuire Woods, PC, and Benton Potter & Murdock, PC.
“We’ve put together a team known for their expertise in the design and construction of commercial, residential and retail developments, who are forward thinking, ready to embrace how technology can improve our city’s overall experience,” said Tom McConnell, executive vice president of Gramercy District. “Creating a seamless integration of technology and real estate infrastructure design from the start of the construction, combined with a holistic approach to development is the most critical piece when designing a smart city.”
“This exciting project highlights the transformative role that cutting-edge technology is playing in today’s building—and we are thrilled to be at the forefront of constructing a new wave of smart cities,” said Dan McQuade, group president of AECOM’s Construction Services. “Particularly noteworthy about Gramercy District is that this project brings together marquee partners from many industries to build innovations that will better the way a community lives, works and socializes.”
“Our goal is to integrate the 22 CityLink Platform with existing real estate protocols to create a ‘Smart City In-a-Box,’ and to build a repeatable, highly efficient, sustainable and economically viable model,” said McConnell. Gramercy District will be the first smart city in the region and one of the first in the country.
This announcement follows a prior announcement from 22 Capital Partners about the formation of 22 CityLink, a technology company providing the smart city platform for the development of Gramercy District.
Other partners include Microsoft (NYSE:MSFT), the Center for Innovative Technology and the George Washington University.
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Contact: Theresa Carper, Marketing & Communications
About 22 Capital Partners, www.22CapitalPartners.com
22 Capital Partners is a venture builder company and global private equity firm investing in commercial real estate, technology, and clean and renewable energy. 22 Capital Partners is the lead investor and master developer of the Gramercy District, blending its focus in real estate and technology. Strategically located in Loudoun County, Va., the Gramercy District is a fully entitled 2.5 million square-foot, $500+ million development located at the premier transit-oriented location. The Gramercy District property abuts the Dulles Greenway (Route 267) – the major highway connecting central Loudoun County, to Fairfax County, Arlington, and Washington, DC. The mixed-use development is located within close proximity to Washington Dulles International Airport and is at the future Silver Line Ashburn Metro Station, opening in late 2019. This project is the first smart city in the region and one of the first in the country. For more information, visit www.22CapitalPartners.com and @22CapPartners.
About AECOM, www.aecom.com
AECOM is built to deliver a better world. The company designs, builds, finances and operates infrastructure assets for governments, businesses and organizations in more than 150 countries. As a fully integrated firm, AECOM connects knowledge and experience across its global network of experts to help clients solve their most complex challenges. From high-performance buildings and infrastructure to resilient communities and environments, to stable and secure nations, AECOM’s work is transformative, differentiated and vital. A Fortune 500 firm, AECOM had revenue of approximately $18 billion during fiscal year 2015. See how AECOM delivers what others can only imagine at www.aecom.com and @AECOM.
About TRINITY Group Construction, www.trinitygc.us
TRINITY Group Construction, Inc. is an award-winning construction company specializing in a wide array of commercial and retail buildings. From office and medical to industrial/flex, the company is consistently ranked as one of the top commercial general contractors in the Washington, D.C. region. The company’s complete service package includes pre-construction, general contracting, design-build, construction management and service and emergency work. In 2008, TRINITY was named Virginia Business’s Fastest Growing Company in the entire state. The company has also appeared among the Top 25 rankings for the Washington Business Journal’s “Top General Contractors,” “Top Interior Construction Firms,” and “Privately Held Companies.” For more information, visit www.trinitygc.us.
About DVA Architects, www.dva-arch.com
DVA Architects and Interiors was established in 1975 as a full service A&E firm in the Washington D.C. market, with the promise to deliver excellent service to its clients. Today, as DVA has expanded its portfolio to national and international markets the firm is pleased to note that it has kept its promise of building long-term relationships with its clients based on service excellence and sound business principles. DVA teams include exceptional designers, architects and innovators who lead active projects throughout the Washington metropolitan region, as well as nationally and internationally. Inherently, DVA’s project delivery is adaptable to client goals and requirements. For more information, go to www.dva-arch.com.
About Greystar www.greystar.com
Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and property management of rental housing properties globally. Headquartered in Charleston, South Carolina with offices throughout the United States, Europe, and Latin America, Greystar is the largest operator of apartments in the United States, managing more than 400,000 units in over 160 markets globally. Greystar also has a robust institutional investment management platform dedicated to managing capital on behalf of a global network of institutional investors with over $14 billion in gross assets under management including $6.3 billion of developments underway. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world class service in the rental housing real estate business. To learn more about Greystar, visit www.greystar.com.