Stout & Teague has completed the renovation of all office floors at 1400 16th Street, NW. Working with OTJ Architects and HITT Construction, Stout & Teague managed the complete transformation of core lobbies, corridors, and restrooms with upgraded fixtures, lighting, and finishes. Stout & Teague successfully managed the $4 million project while maintaining near-full occupancy of the building.
Stout & Teague Provides New Outdoor Amenities at Resources & Conservation Center
Stout & Teague has expanded the outdoor amenities in the outdoor courtyard at Resources & Conservation Center 1400 16th Street, NW and 1616 P Street, NW. Stout & Teague added additional seating in multiple configurations for relaxation and work activities. The amenities include umbrellas, new casual seating areas, and new café style seating for lunch or working. The one-acre courtyard is a unique office building amenity in the heart of Dupont Circle.
Stout & Teague’s Dulles Metro Comprehensive Plan Nomination Accepted for Review.
The 2022-2023 Site Specific Plan Amendment nominated by Stout & Teague for mixed-use adjacent to the new Innovation Station on Metro’s Silver Line was accepted for Tier 1 priority review by Fairfax County in April, 2023. Stout & Teague proposes a multi-family and townhouse development in conjunction with a park and supporting retail uses on an 8-acre parcel on Rock Hill Road. A formal review and evaluation of the plan amendment is scheduled to begin in June. More information on the plan and status can be found on Fairfax County’s website at https://www.fairfaxcounty.gov/planning-development/plan-amendments/sspa/countywide/2022-2023.
Stout & Teague Sells McLean Property for Redevelopment
Stout & Teague arranged the sale of 6861 Elm Street in McLean on behalf of long-time owner Ramay Family Partnership. Stout & Teague marketed the 30,000 sf office building as income property with redevelopment potential under the new McLean CBD Comprehensive Plan. The property was sold to a neighboring owner as a part of a rezoning and redevelopment plan for The Astoria, a new 287,000 sf mixed-use development.
Stout & Teague Files Comprehensive Plan Amendment at Innovation Station
Stout & Teague has filed a Site Specific Plan Amendment 8 acres in Fairfax County adjacent to the new Innovation Station on Metro’s Silver Line. The amendment was filed on behalf of partnerships controlled by Stout & Teague. The amendment calls for modifying the plan to allow multi-family and townhouse development in conjunction with a park and supporting retail uses on an 8-acre parcel on Rock Hill Road.
Stout & Teague Achieves Approval of Comprehensive Plan Amendment for Huntington Metro
The Fairfax County Board of Supervisions has approved a Site Specific Plan Amendment at the Huntington Metro Station. Stout & Teague filed the plan amendment in 2019 on behalf of the Washington Metropolitan Transit Authority for the 29-acre station. The approved plan allows for a mixed-use development of up to 1500 residential units and 360,000 sf of office and retail space to include a new terminal for The One – Richmond Highway’s Bus Rapid Transit system.
Stout & Teague is continuing to advise WMATA in the development of station plans, future rezoning, and selection of developers for the project.
Stout & Teague Retained for Leasing and Management of Iconic Georgetown Property
Stout & Teague has been retained to provide leasing and management services for Madelon Georgetown, a mixed-use office and retail property at 3251 Prospect Place, NW and 3222 N Street, NW in Georgetown. The property, located in the heart of Georgetown, is home to Café Milano, Sid and Ann Mashburn Clothiers, Brasserie Liberte and other retail and office tenants organized around a series of open courtyards. Stout & Teague will advise the property owner on the strategic direction for the property.
Stout & Teague Places New $6.5 M Loan with Old Dominion Bank for 8001 Forbes Place
Stout & Teague has placed a completed refinancing for its property at 8001 Forbes Place. The loan placed with Old Dominion Bank carries a fixed interest rate for five years. The loan extends a favorable interest rate and provides capital for base building upgrades and tenant improvements. 8001 Forbes Place is a 70,000 sf multi-tenant office building in Springfield.
Stout & Teague Closes on Final Development Parcel at Huntington Metro Station
A Stout & Teague partnership sold 4 acres of land adjoining the Huntington Metro Station to Aventon Companies. The sale follows a rezoning of the property for a 366-unit apartment building. This project is the last phase of a 30-acre, 850-unit joint development project with the Washington Metropolitan Area Transit Authority. Stout & Teague originated the multi-phased project in 1996 as the first Transit Oriented Development project approved under PDM zoning in Fairfax County. Earlier phases of the project were completed with Pulte Homes, Centex and Home Properties.
Stout & Teague will continue to be actively involved at the Huntington Metro Station as joint development adviser to WMATA in planning and redevelopment of the remaining station area. Huntington Metro Station is the terminal station for the Yellow Line serving Alexandria, National Airport, National Landing (Amazon HQ2), and the Pentagon. Huntington is also the north terminal for the future Richmond Highway Bus Rapid Transit line serving Embark Richmond Highway and Fort Belvoir.
Stout & Teague Sells Historic Downtown Herndon Property to Probity, Inc.
Stout & Teague has sold the office condominium units at 754 Elden Street in historic downtown Herndon to its largest tenant, Probity, Inc. Stout & Teague will retain management and leasing responsibilities for the new owner and for the Herndon Commerce Center Condominium Association.
Probity, Inc. initially leased one small unit in the building. Stout & Teague worked with Probity as their business expanded, ultimately leasing the entire 2nd floor and portions of the 3rd floor. The sale to Probity will allow them to control their future growth in the building and to have a long-term stake in the center of downtown Herndon adjacent to the future Comstock development in the same block.
Stout & Teague purchased the units vacant in 2012 and obtained approval from the Town of Herndon’s Heritage Preservation Review Board to add windows to a blank façade of the building, greatly enhancing views and light. Stout & Teague later renovated the cornice in keeping with the historic style of the building, again with unanimous approval of the HPRB.