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December 3, 2020 Comments Off on Marx Realty Begins Construction on $41M Office Project in D.C. Views: 705 D.C. News, Top Washington, D.C., Washington, D.C. News

Marx Realty Begins Construction on $41M Office Project in D.C.

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New York-based owner, developer and manager Marx Realty has announced that construction is underway at The Herald building in Washington D.C., where the firm plans a $41 million transformation of the nearly 100-year-old office building.

Marx Realty plans to build on the historic elements of the building, which was built in 1923, including an updated entry portal with an intimate foyer that opens to an expansive lobby with a striking floor-to-ceiling copper and glass wall inspired by traditional linotype printing machines. A 40-seat board room and 8,800-square-foot Bouvier Lounge on the ground floor and a fitness center as well as a European style cafe will round out a package of hotel-like amenities for tenants. Marx Realty acquired the 114,000-square-foot building in April 2020.

“It’s exciting to see the new face of The Herald come to life as construction begins in earnest,” said Craig Deitelzweig, CEO at Marx Realty. “Our reputation for having pioneered a hospitality-infused ambiance in office buildings is well-known and we’re seeing significant interest from a variety of high-profile tenants seeking a modern office space with a top-to-bottom sensory experience. The Herald will bring a new brand of workspace to the DC market with meaningful updates designed to pay homage to the building’s incredible ceiling heights and past life as home to the Washington Herald’s printing and office operations.”

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