Balfour Beatty Awarded Contract by Perseus TDC for Adaptive Reuse Project in Washington, D.C. Metro Area
04 May 2018 - 4:55AM
Business Wire
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.
About Balfour Beatty
Balfour Beatty is an industry-leading provider of general
contracting, at-risk construction management and design-build
services for public and private sector clients across the United
States. Performing heavy civil and vertical construction, the
company is part of Balfour Beatty plc (LSE: BBY), a leading
international infrastructure group that provides innovative and
efficient infrastructure that underpins our daily lives, supports
communities and enables economic growth. Consistently ranked among
the nation’s largest contractors, Balfour Beatty is the No. 6
Domestic Building Contractor in the United States as ranked by
Engineering News-Record. To learn more, visit
www.balfourbeattyus.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180503006439/en/
Balfour BeattyMatt Averitt,
+1-214-451-1030maveritt@balfourbeattyus.com
Balfour Beatty (LSE:BBY)
Historical Stock Chart
From Apr 2024 to May 2024
Balfour Beatty (LSE:BBY)
Historical Stock Chart
From May 2023 to May 2024