News &
Press
We’re Doing Great Things.
Read about Monument Realty’s latest projects, investments, and happenings.
December 16, 2021
Monument readying new bioscience development in Gaithersburg
A new life sciences building will be the latest addition to the area along Watkins Mill Road in Gaithersburg, just off Interstate 270. D.C.'s Monument Realty and Chicago's Nuveen LLC will jointly develop
July 26, 2021
DC’s Liberty Building Adds Global Medical Services Company ProPharma
ProPharma Group Holdings has signed a 10,000-square-foot lease at The Liberty Building, a 176,350-square-foot office building in Washington, D.C., with Monument Realty and Ares Management.
December 3, 2020
Inova Health System Buys More Land from Monument Realty
Inova Health System has now bought roughly 13 acres on Lewin Drive from D.C.'s Monument Realty and its partner, New York-based Atlas Capital Group.
December 3, 2020
Monument Closes $67M Construction Loan
Monument Realty has closed a $67 million construction loan that clears the way for the D.C. developer and its partners to start work on a 14-story multifamily building in NoMa.
August 13, 2020
JUST SOLD – 1115 H Street NE, Washington DC 20002
Monument Realty just sold an urban retail condominium addressed 1115 H Street NE, Washington, D.C.
May 8, 2020
DC Developers Breaking Ground On New Projects
In the D.C. area, not only have ongoing projects been allowed to continue, developers are breaking ground on several new projects.
May 8, 2020
Avidian Nearing Completion in Navy Yard Neighborhood
Stretching from South Capitol Street to Van Street SE, the red and gray brick building is nearing completion, with move-ins expected to begin in a couple of months.
April 3, 2020
Monument Sells Adams Morgan Retail Property
The ground-floor retail space in an Adams Morgan building has just traded hands. Monument Realty sold the 9,160 SF of retail space at 1700 Columbia Road NW to an Ashburn-based private investor for $7.9M.
February 27, 2020
D.C.-Area Condo Sales Up 12% Last Year
The Avidian, a 171-unit condo project from Monument Realty, sits just north of Nationals Park at 1211 Van St. SE. The building began sales last year, is expected to deliver in April and has now sold well over 100 units.
January 15, 2020
Residential Development Near Franconia Metro Approved
Plans for a development near the Franconia-Springfield Metro now include a 300-unit multifamily building.
January 15, 2020
Residential Moves into Liberty View Development
Monument Realty has the go-ahead to build a 300-unit residential building at its Liberty View development near the Franconia-Springfield Metro station.
July 22, 2019
NoMa Project Chosen by City Proposes Nearly 600 Apartments, Retail, and a Park
More than 575 rental units—over half of which would be priced at below-market levels—are planned for a one-acre lot in NoMa as part of a development project recently picked by D.C.
July 2, 2019
Monument Realty to Develop Nearly 900 Apartments on Adjacent NoMa Parcels
Mayor Muriel Bowser announced Monday that her administration selected the team of Monument, Morningstar Community Development, The May Firm and Community Housing Partners over several other competitors to develop the 1-acre lot at 2 Patterson St. NE.
July 1, 2019
Monument Realty-Led Development Team Selected to Deliver 577 Apartments to North Capitol Street Site
On Monday, Mayor Bowser announced the city awarded development rights for 2 Patterson Street NE to a team comprised of Monument Realty, Morningstar Community Development, The May Firm and Community Housing Partners.
July 1, 2019
Monument Realty Wins Rights to Build 577-Unit Project in NoMa
Monument Realty now has control of two adjacent NoMa sites that could yield nearly 900 residential units. Mayor Muriel Bowser announced Monday that Monument Realty's team was selected out of six finalists to develop on the 1-acre site the city owns at 2 Patterson St. NE.
April 30, 2019
Monument Realty Sticks With Bloom Montgomery Village, With a New Partner
D.C.-based Monument has partnered with Connecticut private equity firm Greenfield Partners to purchase the 147-acre former Montgomery Village Golf Club from a joint venture of Monument and Houston-based Lionstone Investments.
March 5, 2019
With Wave of Large DC Condo Projects, Developers Hope to Pull Demand from Apartment Buildings
The D.C. condo market has experienced years of undersupply, with developers favoring the booming rental segment. But large projects under development are preparing to deliver a host of new for-sale options for D.C. buyers.
February 10, 2019
Multifamily Owners Jump in the Short-Term Rental Game
WhyHotel operates temporary hotels within multifamily buildings during a lease-up phase of a new apartment building. Harold Wu's weeklong experience at 225 N Calvert ended up being the ultimate try-before-you-buy.
February 7, 2019
Monument Realty Begins Construction on Riverside Square Shopping Center
The Washington, DC-based real estate firm also announced its first tenants at the multi-building property including a deal with restaurant Texas Roadhouse and Sheetz, a convenience store and gasoline station, and a 20,000-square-foot health club.
February 6, 2019
Monument Realty to Build New Shopping Center in Ashburn
Monument Realty announced Wednesday it has secured financing, signed multiple leases and begun construction of a 90K SF shopping center fronting Route 7 in Ashburn.
February 6, 2019
Sheetz, Texas Roadhouse Among Tenants for Monument’s First Ground-Up Retail Project
Monument Realty is branching further out into the suburbs — and into ground-up retail development — with its new Riverside Square project in Ashburn.
December 12, 2018
Monument Realty Plans 310-Unit NoMa Development
Monument Realty is competing with several developers to build on a D.C.-owned NoMa site, but it is already moving forward with a project next door. The developer Friday closed on the purchase of 40 Patterson St. NE, buying it in an all-cash transaction for $12.5M from an affiliate of the Choi Cos.
December 12, 2018
Monument Buys NoMa Lot as it Vies for the Bigger D.C.-Owned Property Next Door
Monument Realty is making its first push into NoMa, buying a 25,000-square-foot lot on Patterson Street NE while continuing its pursuit of a larger, D.C.-owned parcel next door.
October 25, 2018
New High-Rise Apartments and Shopping Planned for 900 Fleet Street
If you’ve traveled to Harbor East within the last year, you may have noticed lots of ongoing construction—now add to the list the erection of a new luxury apartment building at 900 Fleet Street.
October 4, 2018
Apartment Building Proposed for Little Italy, Fueling Residential Building Trend
The Washington, D.C.-based developer of a downtown apartment building has proposed another building on the border of Little Italy, fueling the residential building boom around Baltimore’s harbor.
June 19, 2018
Take a Glimpse Inside the Modern 225 North Calvert Street Apartments
It has a modern lobby, upscale apartment units and a club lounge on the top floor with a pool and sweeping views of downtown and City Hall's distinctive dome.
June 18, 2018
Exclusive: Monument Realty Plans $100M Apartment Tower in Harbor East
A new 350-unit apartment tower is set to break ground the 900 block of Fleet Street early next year and will replace a Verizon industrial complex, developer Monument Realty officials said Monday.
June 7, 2018
Pop-Up Hotel to Operate Out of Upscale Baltimore Apartment Building
The developer of a new apartment building in downtown Baltimore has partnered with a hotel start-up to offer some of the units as hotel rooms as it seeks tenants in the city’s competitive apartment market.
June 7, 2018
WhyHotel — A Pop-Up Hotel — to Operate Out of New 225 North Calvert Street Apartments
A unique "pop-up" hotel is going to fill empty apartments at 225 N. Calvert St. as the redevelopment of the former Bank of America office space begins to lease up.
June 1, 2018
Monument Realty’s Retail Arm Buys into P Street Near Whole Foods
Monument Retail has bought the building next to the P Street NW Whole Foods Market and will install national retailer Smoothie King there as part of its ongoing push to acquire retail assets.
February 23, 2018
Developer Q&A: Monument Realty Founder Michael Darby
Monument Realty is developing The Shaw, a 69-unit condo project with 7,400 SF of retail at 608 T St. NW. Bisnow caught up with Monument Realty founder Michael Darby to hear how the project is coming along and see what else the developer has in store for the neighborhood.
November 8, 2017
Monument Realty Aiming for a Massive Comeback
The District-based developer has charted an ambitious course for growth amidst a changing landscape in Greater Washington’s commercial real estate industry.