Balfour Beatty announced the groundbreaking of Republic Properties Corporation's Portals IV project, the residential building located at 1301 Maryland Avenue, SW. The construction of 1301 will be the concluding phase of the prestigious Portals Complex development overlooking the Tidal Basin and D.C.'s iconic monuments and memorials.
The Portals Complex, a landmark public-private partnership with the District of Columbia, represents a substantial real estate investment which has an aggregate market value in excess of $2 billion and totals approximately 3 million sq.ft. upon completion of 1301. The complex already includes Class-A office buildings, the luxury Salamander Hotel and will now feature two high-end residential buildings once 1301 (and its plaza) join neighbor 1331.
1301 will be a 525,000-sq.-ft. development with 356 market-rate residences and — similar to its sister building at 1331 Maryland Ave — the new trophy apartment building will feature an expansive rooftop with an outdoor pool and other amenities. The luxury project will include a sky terrace with grills and firepits, clubroom entertaining areas including a piano lounge, coworking spaces, dog spa and park, fitness center and game lounge with sports simulator. The building was designed by WDG Architecture with interiors by Akseizer Design Group.
"We are honored to be the construction partner for this iconic project that will complete the vision for the Portals development," said Art Malacarne, Balfour Beatty senior vice president of mid-Atlantic operations. "Our expertise in delivering successful projects across southwest D.C. demonstrates our deep understanding of this unique development and our ability to deliver complex construction projects in one of D.C.'s most prestigious locations. We look forward to continuing our partnership with Republic Properties and contributing to the transformation that will set new standards for luxury residential living in the nation's capital."
For more information, visit www.balfourbeattyus.com.
