Metropolitan Partnership, Ltd.

Last updated
Metropolitan Partnership, Ltd.
Type Limited Partnership
Industry Real estate development
Founded1984;40 years ago (1984)
FounderCary Euwer
Headquarters Baltimore, Maryland, United States
Area served
 Washington metropolitan area
Website metropolitanpartnership.com

Metropolitan Partnership, Ltd. is a company engaged in real estate development in the Washington metropolitan area. It is notable for its unsuccessful bid to redevelop the Old Post Office Pavilion into a 245-room Waldorf Astoria hotel in partnership with Hilton Worldwide. Among its completed projects are the redevelopment of the former headquarters of The Washington Star at 1101 Pennsylvania Avenue, Tysons International Plaza, and Fairfax Square, all designed by architect David Childs, of Skidmore, Owings and Merrill.

Contents

History

In 1979, after completing graduate studies at Harvard University, Cary Euwer joined Cabot, Cabot & Forbes in Boston, Massachusetts, where he first worked on 60 State Street. He then set up the firm's Washington, D.C. office and developed 1201 Pennsylvania Avenue. [1]

In 1983, he developed 250 West Pratt Street in Baltimore, Maryland with Skidmore, Owings and Merrill. [2]

In 1984, Euwer founded Metropolitan.

By 1991, the firm had redeveloped the headquarters of The Washington Star at 1101 Pennsylvania Avenue, Tysons International Plaza, and Fairfax Square.

With the development of Fairfax Square, the firm forged relationships with several luxury retailers, including Tiffany & Co., Hermès, Louis Vuitton, Gucci and Fendi. [3]

In 1998, the firm managed the retail re-positioning and construction of the ABC and Disney Studios at 1500 Broadway in Times Square, also with David Childs.

In 1999, the company partnered with Koll Development Company to develop office buildings for communications and technology firms in Northern Virginia. [4] [5]

In 2007, in partnership with Zaremba Group, the company developed Westchester Commons, a 900,000 square foot shopping mall in Richmond, Virginia. [6] [7] [8]

In 2007, Metropolitan acquired from Birchwood Development Corporation, The Jericho Atrium, as well as two other Birchwood holdings in Jericho, New York, including a 6,800-square-foot office building that had been Birchwood's headquarters, prior to the sale of the retail portion of their portfolio to Kimco. [9]

Failed bid to redevelop the Old Post Office Pavilion

In 2012, the company bid on a request for proposal from the General Services Administration to redevelop the Old Post Office Pavilion. The proposal submitted by the company included converting the building into a 245-room Waldorf Astoria hotel. After losing the bid to an affiliate of Donald Trump, the company appealed, but was rejected by the General Services Administration. [10] [11] [12] [13]

10 Light Street

In 2012, the company acquired and began the redevelopment of 10 Light Street in Baltimore, Maryland into 455 apartments. [14] [15] In 2015, the company secured a lease with Under Armour for one of the floors. [16] [17] The property was financed in part by $28 million in revenue bonds. [18] A penthouse unit at the property was listed for rent for $12,000 per month, the highest rents in Baltimore. [19]

1 Light Street

The company also redeveloped 1 Light Street, adjacent to its development at 10 Light Street, into office space. [20]

Former Alex Brown Building

In 2017, the company began redevelopment of the former Alex Brown building in Baltimore, Maryland into a 170-seat restaurant called the Alexander Brown Restaurant. [21] [22]

Related Research Articles

<span class="mw-page-title-main">Admiralty Arch</span> Triumphal arch, government building in London, England

Admiralty Arch is a landmark building in London providing road and pedestrian access between The Mall, which extends to the southwest, and Trafalgar Square to the northeast. Admiralty Arch, commissioned by King Edward VII in memory of his mother, Queen Victoria, and designed by Aston Webb, is now a Grade I listed building. In the past, it served as residence of the First Sea Lord and was used by the Admiralty. Until 2011, the building housed government offices. In 2012, the government sold the building on a 125-year lease for £60m for a proposed redevelopment into a Waldorf Astoria luxury hotel and four apartments.

<span class="mw-page-title-main">Harborplace</span> Shopping mall in Baltimore, Maryland

Harborplace is a shopping complex on the Inner Harbor in Baltimore, Maryland.

<span class="mw-page-title-main">Waldorf Astoria New York</span> Hotel and residence in Manhattan, New York

The Waldorf Astoria New York is a luxury hotel and condominium residence in Midtown Manhattan in New York City. The structure, at 301 Park Avenue between 49th and 50th Streets, is a 47-story 625 ft (191 m) Art Deco landmark designed by architects Schultze and Weaver, which was completed in 1931. The building was the world's tallest hotel until 1963 when it was surpassed by Moscow's Hotel Ukraina. An icon of glamour and luxury, the Waldorf Astoria is one of the world's most prestigious and best-known hotels. Waldorf Astoria Hotels & Resorts was a division of Hilton Hotels, and a portfolio of high-end properties around the world operates under the name, including in New York City. Both the exterior and the interior of the Waldorf Astoria are designated by the New York City Landmarks Preservation Commission as official landmarks.

<span class="mw-page-title-main">Ballston, Virginia</span> Neighborhood in Arlington, Virginia

Ballston is a neighborhood in Arlington County, Virginia. Ballston is located at the western end of the Rosslyn-Ballston corridor. It is a major transportation hub and boasts one of the nation's highest concentrations of scientific research institutes and research and development agencies including the Defense Advanced Research Projects Agency-DARPA, the Office of Naval Research, the Advanced Research Institute of Virginia Tech, the Air Force Office of Scientific Research, and associated engineering, management, and public sector consulting firms. Ballston also contains a section known as Virginia Square and sometimes the area is collectively known as Ballston-Virginia Square.

<span class="mw-page-title-main">Wilde Lake, Columbia, Maryland</span> Reservoir in Wilde Lake Columbia

Wilde Lake is a man-made drainage reservoir dug in 1966 and the name of the surrounding "village" of neighborhoods located in Columbia, Maryland, just north and west of Columbia Town Center. The village was the first part of Columbia's "New Town" to be built in the late 1960s, James W. Rouse and Frazar B. Wilde formally opened the neighborhood on June 21, 1967. The lake and village are named for Frazar B. Wilde, a past chairman of the board of Connecticut General Life Insurance Company and former employer of James Rouse. In 1963, the company agreed to fund the secret land purchases and, in return, acquired an equity participation. This arrangement was subsequently formalized by the creation of The Howard Research and Development Corporation, the joint venture established to develop Columbia.

<span class="mw-page-title-main">Sursum Corda (Washington, D.C.)</span> Neighborhood in the US federal district

Sursum Corda is a small neighborhood located in Washington, D.C., bounded by North Capitol Street on the east, K Street NW to the south, New Jersey Avenue NW to the west, and New York Avenue NW to the north.

Waldorf Astoria Hotels & Resorts, formerly The Waldorf-Astoria Collection, is a luxury hotel and resort brand of Hilton Worldwide. It is positioned as the flagship brand within Hilton's portfolio, being used on hotels which offer the highest standards of facilities and service. As of December 31, 2019, it had 32 locations with 9,821 rooms in 15 countries and territories, including 2 that are owned or leased and 30 that are managed.

Lerner Enterprises is a company owned by the Lerner family that develops and invests in real estate in the Washington metropolitan area. The company has developed more than 20 million square feet of real estate.

<span class="mw-page-title-main">Downtown (Washington, D.C.)</span> United States historic place

Downtown is the central business district of Washington, D.C., located in Northwest D.C. It is the fourth largest central business district in the United States. The "Traditional Downtown" has been defined as an area roughly between Union Station in the east and 16th Street NW in the west, and between the National Mall on the south and Massachusetts Avenue on the north, including Penn Quarter. However, nowadays, Downtown D.C. usually refers to a larger area, as the DC Office of Planning states:

…most residents, workers, and visitors think of Downtown in a broader sense — including areas as far north as Dupont Circle, as far west as Foggy Bottom, and as far east as Capitol Hill. Only about half of the central city workforce is located within the city’s traditional Downtown.

<span class="mw-page-title-main">The Cordish Companies</span> American real estate developer

The Cordish Companies is a U.S.-based real estate development and entertainment operating company with its headquarters on the 6th floor of the Pratt Street Power Plant in Baltimore, Maryland. It was founded in 1910 by Louis Cordish.

<span class="mw-page-title-main">Waldorf-Astoria Hotel and Residence Tower</span> Residential/Commercial in Chicago, Illinois

Waldorf-Astoria Hotel and Residence Tower Chicago was a planned hotel and condominium skyscraper that would have been 1,265 feet (386 m) tall. The Prime Group was in charge of the project, which was proposed at a cost of $610 million. The building would have been located one block from the Chicago River, and north of the Sheraton Chicago in the Streeterville neighborhood of the Near North Side community area of Chicago. Another of the building's developers, the Fordham Company, was also the initial developer of the now-cancelled Chicago Spire.

<span class="mw-page-title-main">Waldorf Astoria Las Vegas</span> Luxury hotel in the United States

The Waldorf Astoria Las Vegas, formerly the Mandarin Oriental, Las Vegas, is a 47-story luxury hotel and condominium building in the CityCenter complex on the Las Vegas Strip in Paradise, Nevada. It is managed by Hilton Worldwide as part of the Waldorf Astoria Hotels & Resorts brand. It is owned by Tiffany Lam and Andrew and Peggy Cherng.

Daniel A. Biederman is an American urban redevelopment expert and public space management consultant. He is the co-founder of Grand Central Partnership, 34th Street Partnership, and Bryant Park Corporation, three Business Improvement Districts (BIDs) and private park managers operating in Midtown Manhattan, and is also the President of Biederman Redevelopment Ventures, a place-making consulting firm. Biederman has been cited for his success in using private funding to revitalize urban public spaces.

Kingdon Gould III is an American real estate developer, active in the Washington, D.C.-area. He is part of the fifth generation of the Gould family of financiers, philanthropists and diplomats, which includes his father Kingdon Gould, Jr., grandfather Kingdon Gould Sr., great-grandfather George Jay Gould and great-great-grandfather Jay Gould, with associated generations of mothers, siblings, uncles, aunts and cousins.

<span class="mw-page-title-main">Old Post Office (Washington, D.C.)</span> United States historic place

The Old Post Office, listed on the National Register of Historic Places as the Old Post Office and Clock Tower, is located at 1100 Pennsylvania Avenue, N.W. in Washington, D.C. It is a contributing property to the Pennsylvania Avenue National Historic Site.

Vlastimil Koubek was a Czech American architect who designed more than 100 buildings, most of them in the Washington, D.C., metropolitan area. When he died, he had designed buildings worth more than $2 billion. Most of his work is Modernist in style, although he developed a few structures in other vernaculars. He created the site plan for the redevelopment of Rosslyn, Virginia, and his Ames Center anchored the area's economic recovery. He also designed the World Building in Silver Spring, Maryland, which sparked redevelopment of that town's downtown and the L'Enfant Plaza Hotel in Washington, D.C., amongst many other buildings. In 1985, Washingtonian magazine considered him to be one of 20 people "who in the past 20 years had the greatest impact on the way we live and who forever altered the look of Washington." In 1988, The Washington Post newspaper said his Willard Hotel renovation was one of 28 projects in the area which made a signal contribution to the "feel" and look of Washington, D.C.

<span class="mw-page-title-main">CityCenterDC</span> Mixed-use development in Washington, D.C.

CityCenterDC, sometimes colloquially called CityCenter, is a mixed-use development consisting of two condominium buildings, two rental apartment buildings, two office buildings, a luxury hotel, and public park in downtown Washington, D.C. It encompasses 2,000,000 square feet (190,000 m2) and covers more than five city blocks. The $950 million development began construction on April 4, 2011, on the site of the former Washington Convention Center—a 10.2-acre (4.1 ha) site bounded by New York Avenue NW, 9th Street NW, H Street NW, and 11th Street NW. Most of the development was completed and open for business by summer 2015. The luxury hotel Conrad Washington, DC, opened in February 2019.

<span class="mw-page-title-main">Waldorf Astoria Edinburgh - The Caledonian</span> Luxury hotel in Edinburgh, Scotland

Waldorf Astoria Edinburgh - The Caledonian is a five-star hotel in Edinburgh, Scotland. Opened in December 1903, it is an example of a British grand railway hotel, formerly called The Caledonian Hotel, and nicknamed 'The Caley'. It stands at the west end of Princes Street and is a category A listed building.

<span class="mw-page-title-main">Waldorf-Astoria (1893–1929)</span> Former hotel in Manhattan, New York

The Waldorf-Astoria originated as two hotels, built side by side by feuding relatives, on Fifth Avenue in New York, New York, United States. Built in 1893 and expanded in 1897, the hotels were razed in 1929 to make way for construction of the Empire State Building. Their successor, the current Waldorf Astoria New York, was built on Park Avenue in 1931.

References

  1. ↑ Yudis, Anthony J. (December 26, 1982). "2 Building Plans Worth $72 Million". The Boston Globe .
  2. ↑ Shelsby, Ted (August 30, 1983). "Boston developer plans Pratt street office tower". The Baltimore Sun .
  3. ↑ Swisher, Kara (May 7, 1990). "THE GLITZ BLITZ; Amid an Influx of Upscale Retailers, Tiffany Sees Its Future in Virginia". The Washington Post .
  4. ↑ Keri, Jonah (May 24, 1999). "Koll partnership plans spec building in Reston". American City Business Journals .
  5. ↑ Klinger, Linda (November 16, 1998). "Koll enters D.C. market with eye on Dulles area". American City Business Journals .
  6. ↑ "Regal Cinemas Joins Westchester Commons in Richmond, VA" (Press release). Business Wire. September 21, 2007.
  7. ↑ Squires, Paula C. (April 15, 2009). "Building a project in tough times". Virginia Business.
  8. ↑ WALKER, JULIAN (June 29, 2007). "Watkins Centre kicks off". Richmond Times-Dispatch .
  9. ↑ GC Firm Buys Jericho Atrium, 2 Mineola Properties GC News, August 03, 2007
  10. ↑ O'Connell, Jonathan (November 6, 2011). "Old Post Office gets another suitor: Hilton". The Washington Post .
  11. ↑ JOYNT, CAROL ROSS; HARRIS, SHANE (June 19, 2012). "Controversy Follows Donald Trump's Winning Old Post Office Pavilion Bid". Washingtonian .
  12. ↑ Clabaugh, Jeff (November 7, 2011). "Waldorf Astoria eyes Old Post Office Pavilion". American City Business Journals .
  13. ↑ "WALDORF ASTORIA HOTELS & RESORTS REVEALS PROPOSAL TO REDEVELOP THE OLD POST OFFICE BUILDING INTO A NEW AND EXCITING DESTINATION ON PENNSYLVANIA AVE" (Press release). Hilton Worldwide. November 7, 2011.
  14. ↑ Briggs, James (November 30, 2012). "10 Light St. office tower sells; will be converted into 445 apartments". American City Business Journals .
  15. ↑ Kilar, Steve (December 3, 2012). "10 Light Street to be converted to apartments". The Baltimore Sun .
  16. ↑ Sherman, Natalie (July 22, 2015). "10 Light to house third Under Armour Performance Center". The Baltimore Sun .
  17. ↑ Gantz, Sarah (September 27, 2017). "Report: Demand for downtown apartments remains strong". The Baltimore Sun .
  18. ↑ Sherman, Natalie (July 24, 2014). "BDC backs $28 million in bonds for One Light Street garage". The Baltimore Sun .
  19. ↑ Simmons, Melody (January 25, 2017). "Exclusive: Inside 10 Light's $12,000-a-month penthouse". American City Business Journals .
  20. ↑ Litten, Kevin (January 8, 2015). "M&T Bank eyeing 1 Light St. for Baltimore headquarters". American City Business Journals .
  21. ↑ Gantz, Sarah (September 27, 2017). "Former Alex. Brown investment bank building to be converted to a restaurant". The Baltimore Sun .
  22. ↑ Wilen, Holden (September 27, 2017). "Florida family to transform Alex. Brown building into retail hub, restaurant". American City Business Journals .
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.