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Balfour Beatty Awarded Contract by Perseus TDC for Adaptive Reuse Project in Washington, D.C. Metro Area
May 03, 2018
WASHINGTON – Balfour Beatty has been awarded a contract by Perseus TDC for the conversion of the 200 Stovall St. office building in Alexandria, Va. The adaptive reuse project will transform the existing 610,000-square-foot, 13-story office building into a 16-story, mixed-use residential development.
When complete, the 200 Stovall apartment community will be comprised of 520 apartment units and 25,000 square feet of ground-floor retail. Located within two blocks of the Eisenhower Metro station, the development is situated within the Hoffman Town Center, which includes a variety of restaurant, retail and entertainment options, as well as the National Science Foundation headquarters.
“Perseus TDC is committed to unlocking the potential of communities and we are honored to have been selected as their construction partner to deliver such a creative and unique project,” said Mike Phillips, president for Balfour Beatty in the Mid-Atlantic. “The 200 Stovall project is highly visible from the Washington, D.C. beltway and only two blocks from the National Science Foundation headquarters that our team recently completed. This amenity-rich development will provide residents with easy access to shopping, entertainment and transportation, and serve as a great community asset well into the future.”
The first units are scheduled to deliver in the fourth quarter of 2019. With construction underway, the project will employ up to 400 workers at its peak.