News and Insights

On Thursday, October 19th, SMPS DC was given the opportunity to tour the PGP Development of Capitol Crossing. Sean Cahill, Senior Vice President of Development for PGP, gave us behind the scenes insight as to what it takes to develop the city’s first eco-district.

Capitol Crossing is restoring the original L’Enfant Plan by re-connecting Capitol Hill and East End, divided by the I-395 Center Leg Freeway. Capitol Crossing will create three new city blocks supporting 2.2 million square feet of new mixed-use space in five buildings. The project is supporting 4,000 construction jobs, and – once completed – there will be an estimated 8,000 employees and residents in the five buildings. Investments and upgrades by Property Group Partners include more than $200 million of private funding that is paying for infrastructure and utility upgrades, new and improved roads, and revitalization of surrounding neighborhoods. Once completed, the project will grow the city’s tax base by adding more than $40 million in annual new property tax revenue.

After the tour, the group enjoyed networking and drinks at Philos Mezze + Wine bar.