Standard Real Estate Investments has begun the initial phase of construction at its recently acquired property near the Congress Heights Metro Station in Washington D.C.’s Ward 8. Demolition of existing buildings on-site will begin on June 19, 2023.
Situated at 1331 Alabama Ave SE, Standard has partnered with Trammell Crow Company (TCC) to develop and lease up to 240,000 square feet of commercial office and retail space with completion expected by 2026.
“We are delighted to initiate a new era for this well-situated site and demolition is just the first step towards bringing economic activity, amenities, and jobs into the Congress Heights neighborhood,” said Jerome Nichols President of Standard Real Estate Investments.
