Fairfax, VA – Balfour Beatty’s Washington Division has been selected to provide CM at Risk services for The Wharf Parcel 11B – 625 Water Street at Waterfront Park project. The approximately $30 million project marks Balfour Beatty’s first for owner PN Hoffman & Associates, Inc.
Designed by SK&I Architectural Design Group, the residential building is 108 units totaling approximately 105,000 square feet. Amenities will include an entrance lobby, landscaped courtyard, club room, private rooftop and courtyard. The five-story condominium building is set over top of a one-story garage substructure with a façade of brick, metal panels and glass.
“We feel privileged to build a world-class building for such a prestigious client,” said David Laib, Senior Vice President of Belfour Beatty. “It is our hope that The Wharf Parcel 11B is the first of many opportunities to work with PN Hoffman.”
Across from Arena Stage, 625 Water Street is part of the new $1.5 billion Southwest Waterfront mixed-use development in D.C. from Hoffman Madison Waterfront LLC. The new Waterfront will include 560 residential units; 600 hotel rooms; 840,000 square feet of office space; 335,000 square feet of retail space; 2,500 parking spaces; 400-500 marina slips; and cultural spaces including a music hall, museum and maritime education.
Construction is scheduled to begin in August 2014 with completion expected in January 2016. The project further develops Balfour Beatty’s multifamily portfolio in Washington, D.C. The company has delivered more than $800 million worth of multifamily projects in the Washington metropolitan area over the past 10 years.
About Balfour Beatty Construction
An industry leader for more than 80 years, Balfour Beatty Construction Services US provides general contracting, at-risk construction management, and design-build services for a wide variety of markets, serving clients in both the public and private sector. With more than 3,000 employees across the U.S., the company has been cited as a Top 10 Domestic Building Contractor and Top 10 Green Builder by Engineering News-Record. The company is part of London-based Balfour Beatty plc, a global infrastructure services business operating in more than 80 countries, with a worldwide commitment to providing assets that help societies function, develop, and thrive. To learn more about the company, visit www.balfourbeattyus.com or look for BalfourBeattyUS on Facebook, Twitter, and LinkedIn.
PN Hoffman
PN Hoffman, founded in 1993 by Lamont (Monty) Hoffman, is a premier developer of urban mixed-use neighborhood transformation projects. Starting with a single townhouse conversion over twenty years ago, PN Hoffman has become a market leader successfully completing numerous award winning luxury residential and mixed-use projects contributing to the growth and transformation of Washington DC. For more information, visit www.pnhoffman.com.
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Media Inquiries:
Leslee Mallinson, Senior Director
Corporate Brand and Communications
p: (214) 451-1158
e: lmallinson@balfourbeattyus.com
