LOS ANGELES (August 23, 2016) — AECOM, a premier, fully-integrated global infrastructure firm, announced today that its Tishman Construction unit has been named joint general contractor of Phase 1A of Gramercy District, 2.5 million square foot, technology-focused, mixed-use development in Loudoun County, Va. The project is valued at over $US500 million and Tishman will serve as general contractor in association with TRINITY Group Construction, a top commercial general contractor headquartered in Herndon, Va.
22 Capital Partners, a venture builder company and global private equity firm investing in commercial real estate, technology, and clean and renewable energy, is the lead investor and master developer of Gramercy District.
“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. Our goal is to integrate the 22 CityLink Platform (www.22citylink.com) 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.
Phase 1A of the project includes a 268-unit, seven-story luxury apartment building, 26,000 square feet of retail, rooftop amenities and five stories of structured parking. Technology will be closely integrated with every aspect of the project, from the building systems to the parking and retail. Other key focuses of the project will be sustainable land use, community transformation, and work-life integration.
“This exciting project highlights the transformative role cutting-edge technology is playing in today’s society – 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 the Gramercy District is that this project brings experts from a wide range of industries together to utilize innovations in technology that will better the way a community lives, works, and socializes.”
Construction is expected to begin in the Spring of 2017 and be completed by late 2018.
AECOM is built to deliver a better world. We design, build, finance and operate infrastructure assets for governments, businesses and organizations in more than 150 countries. As a fully integrated firm, we connect knowledge and experience across our 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, our work is transformative, differentiated and vital. A Fortune 500 firm, AECOM had revenue of approximately $18 billion during fiscal year 2015. See how we deliver what others can only imagine at aecom.com and @AECOM.
About TRINITY Group Construction
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 22 Capital Partners
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. Follow 22 Capital Partners on Twitter @22CapPartners.
Vice President, Global External Communications