WASHINGTON, DC–StonebridgeCarras has made the long-awaited announcement about the hotel that will be part of its 500,000-square foot mixed use project at 7373 Wisconsin Ave.: OTO Development has signed an agreement to bring a AC Hotel by Marriott.
StonebridgeCarras's $300 million vision for 7373 Wisconsin Ave. is now well known: it combines a 390,000-square-foot trophy office building with a hotel. One of the missing pieces has been the flag.
This will be the sixth AC Hotel within OTO's owned portfolio. Each of the properties in this flag incorporate elements of its particular urban location. In this case, the 219-key hotel will also serve as the social center for the $300 million larger complex, with the AC Lounge spilling out onto a public plaza that has a 45-foot overhang.
StonebridgeCarras and OTO have worked togethe in the past, with OTO developing a 204-room Hilton Garden Inn as part of NoMa's Constitutional Square.
Construction is slated to begin in early 2019, with completion slated for 2021.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
