The Washington Post

Built with all equity, Washington area’s tallest office tower stays the course

The 390-foot building is under construction in Rosslyn. (Courtesy of Monday Properties)

Sure Monday broke ground on the underground parking garage in the fall of 2010 and sure, Goldman Sachs, after buying into the deal, affirmed the plans to complete the 390-foot building.

But cynics suggested that with the sluggish economy the companies were likely to simply cover over the parking garage and wait for things to improve. Would they really put that much of their own money behind a speculative office building?

Apparently, yes. Monday and Goldman recently brought the project above grade, putting the option of stopping with a building-free underground parking garage behind them.

Aaron Twersky, director of marketing for Monday Properties, sent over the above photo and noted that “we are truly above grade and ahead of schedule. Further, we pulled the permit for the tower portion from Arlington County on 2/15 and will deliver in the fall of 2013, as planned.”

Follow Jonathan O’Connell on Twitter: oconnellpostbiz

Jonathan O'Connell has covered land use and development in the Washington area for more than five years.



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