From CoStar News, December 13, 2022
Move Marks First Step in Howard Hughes’ $325 Million Development Project
Texas-based real estate firm Howard Hughes Corp. has begun work on an 86,000-square-foot medical office, part of a 3 million-square-foot redevelopment of Columbia, Maryland’s downtown.
From The Baltimore Business Journal, Feb 8, 2022
The future of Downtown Columbia’s Lakefront District became more clear Tuesday with details of a $325 million investment to bring new office, retail and residential to the area around scenic Lake Kittamaqundi.
The district’s redevelopment has been in the works for years, but now developer the Howard Hughes Corp. has confirmed plans will include a new medical office building, 675 apartment units, a music venue, a restaurant, and a minority-owned business incubator. And that’s just to start.
“For more than 30 years, GZ Realty has helped clients buy, sell and lease top-tier healthcare settings and has brokered invaluable relationships between tenants and landlords.”
When David Gittleson and Nicholas Zuppas began working together in 1988 at a real estate firm in Bethesda, they quickly realized medical professionals were not getting the specialized real estate services they deserved. Two years later, the pair founded Gittleson Zuppas Medical Realty (GZ Realty) to fill that void. In 2007 Peter Papantoniou joined as co-principal and “has contributed immensely to the firm’s growth,” says David.
The RMR Group Inc. (Nasdaq: RMR) announced today that it has completed a $26 million redevelopment of 1145 19th Street, NW, a 133,000 square foot, eight-story medical office property in Washington DC.
The RMR Group Inc. (Nasdaq: RMR) announces the execution of seven new and renewal leases totaling 16,531 square feet of medical office and retail space during 2019 at 1145 19th Street NW in Washington, D.C.
The property, which is undergoing a substantial redevelopment, is a multi-tenant, eight-story office building with 133,000 square feet of leasable space, home to several primary and specialty medical practices. Renovations, which launched in 2018 and are expected to be completed in 2020, include a sleek all-glass facade and major HVAC upgrades, making this building highly energy-efficient while reducing operational costs. New amenities will include a technologically advanced conference and training center, a serene lobby lounge and a state-of-the-art fitness facility overlooking 19th Street. The building offers onsite radiology, surgery center, laboratory testing, and pharmacy, allowing for full-coverage patient care.
Gittleson Zuppas is proud to announce that they have been selected for the 2019 Best of Bethesda Award in the Real Estate Agents category by the Bethesda Award Program.
Each year, the Bethesda Award Program identifies companies they believe have achieved exceptional success in their local community and industry. They select the best local businesses that help make the Bethesda area a great place to live, work, and play.
The Medical Realty Company Will Manage 200,000 Square Feet of Commercial Leasing Space in Downtown Columbia’s Highly Anticipated Lakefront Neighborhood
COLUMBIA, MD (February 20, 2019) – The Howard Hughes Corporation® (NYSE: HHC) announced today that Gittleson Zuppas Medical Realty, Inc. (GZ) has been engaged to lease commercial medical space within the Lakefront District of Downtown Columbia, the newest neighborhood to be introduced following the groundbreaking of Merriweather District. The Howard Hughes Corporation is transforming Downtown Columbia—which has over two million square feet already delivered or under construction—into a true walkable, urban core. The burgeoning Merriweather District has already attracted leading companies in the medical and cybersecurity sphere, including MedStar Health and Tenable® Inc.