801 Pennsylvania Ave NW,
Washington, DC 20004
A landmark twin-tower office, residential and retail project located on Pennsylvania Avenue, midway between the historic Capitol Rotunda and the White House, Market Square is one of the most innovative projects gracing the Washington, DC, skyline. Republic’s principals were awarded development rights to this site through a rigorous competition sponsored by the U.S. Government, through the Congressionally chartered Pennsylvania Avenue Development Corporation (PADC).
The project encompasses more than 686,000 square feet of office and retail space, along with 220 of the most sought-after condominium residences in Washington, DC. Market Square serves as a majestic backdrop for the recently dedicated U.S. Navy Memorial. Republic and its partners sold their interests in the property in 2009.
Working hand in hand with the PADC, the Commission of Fine Arts, the National Capital Planning Commission and the Washington Metropolitan Area Transit Authority, the developers of Market Square have brought new breath and vitality to the “Avenue of the Presidents.”
In February 2011, Market Square sold to Wells Real Estate Investment Trust for $653 million (or over $900 per square foot), the highest price in the history of Washington D.C.