Skanska USA Announces 99M Office Development in Washington, D.C.

WASHINGTON, D.C. — Skanska USA Commercial Development has plans to start speculative development of 99M, an 11-story, 234,000-square-foot Class A office building with ground-floor retail/restaurant space in Washington's Capitol Riverfront submarket.

Skanska is self-financing 100 percent of the development costs. Skanska will also serve as the construction manager of 99M with construction scheduled to begin later this summer and will deliver in the fourth quarter of 2017.

Located at the corner of   First and M Streets Southeast, 99M will include approximately 220,000 square feet of office space, with approximately 11,000 square feet of retail/restaurant space on the ground floor. 99M is designed to LEED Gold standards.

The typical office floor will be approximately 22,000 square feet, with finished ceiling heights of 8 feet 11 inches and 30-by-45 column bays. Amenities will include a 4,300-square-foot tenant-only health club and locker room facility, a 4,750-square-foot rooftop terrace with covered and outdoor collaborative areas, secure bicycle storage and a maintenance station, an electric car-charging station, building Wi-Fi and a cellular repeater system.

99M's design uses innovative building materials, monitoring systems and natural resources that reduce heat absorption, improve air quality and recycle and reuse natural resources. The building is expected to reduce water usage by 40 percent, consume 20 percent less energy than typical baseline buildings and produce 30 percent more outside air supply. Sustainable features also include carbon dioxide sensors that monitor and regulate fresh airflow, as well as an extensive green roof to allow for filtration and storage of storm water.

99M is located steps to both Navy Yard-Ballpark Metrorail entrances and is less than five blocks from Capitol Hill. It will be the northernmost anchor of the redevelopment of Square 701 which, in addition to the new office building, includes a new 170-key Residence Inn by Marriott, a 325-unit apartment building, a new 168-key Hampton Inn & Suites and another 29,000 square feet of retail space along First Street Southeast.

Rendering courtesy www.skanska.com.