Ground Broken on Multi-Billion Dollar Portals Development in Southwest D.C.

Ground has been broken on Republic Properties Corporation’s Portals IV project, the residential building located at 1301 Maryland Ave., Southwest. This project is the concluding phase of the Portals Complex development overlooking the Tidal Basin and Washington, D.C.’s iconic monuments and memorials. Balfour Beatty is serving as general contractor. The Portals Complex, a landmark public-private partnership with the District of Columbia, represents a substantial real estate investment with an aggregate market value over $2 billion and totals approximately 3 million square feet upon completion. The complex already includes Class-A office buildings; the luxury Salamander Hotel will now feature two high-end … Read more

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