Grosvenor New VP To Restart Development

WASHINGTON, DC-Grosvenor, an international property development, investment and fund management group, has created a new position to oversee what is expected to be an expanded development pipeline for the firm in the DC area. Michael Ward, who was development manager in the company’s Vancouver office, has been named VP of development for its DC office.

He will be responsible for the acquisition of development sites, concept development, construction procurement, project execution, and final leasing or selling of developed property. Grosvenor currently holds a portfolio of approximately 1.6 million sf of office, retail, and hotel space in the metro area.

Ward tells GlobeSt.com that he just relocated to the DC region from Vancouver, “where we were quite active in development. We want to replicate that here in DC.” Typical projects in Vancouver, he says, are between $25 million to $200 million and can range from mixed-use to pure retail. The last time Grosvenor was involved in a major development project in the DC area was in 2005 when it started development on a 44,000 sf restaurant-retail center in Silver Spring, MD, according to the company’s website.