Boston Properties

Expansion into Washington, D.C.

The Company opened its Washington, D.C. regional office in November 1979 to pursue development and acquisitions and to provide real estate services in Greater Washington, D.C., including the Northern Virginia and suburban Maryland real estate markets.

Completed Capital Gallery

The 400,000 square foot Capital Gallery was Boston Properties' first Class-A office building in the Greater Washington, D.C. market.

Constructed 1.0 Million Square Foot U.S. News & World Report Mixed-Use Development in Washingon, D.C.

Expansion to Midtown Manhattan

Boston Properties expanded the Company's operations to New York City and focused on midtown Manhattan as desirable for new development. The Company identified a key site at 599 Lexington Avenue.

Completed Democracy Center

The three-building, 680,000 square foot office complex was built in the Washington, D.C. suburb of Bethesda, Maryland.

Boston Properties' First Development Project in New York City

Completed 599 Lexington Avenue, a 1.0 million square foot, 50-story Midtown Manhattan office tower.

Completed U.S. International Trade Commission Building

A 244,000 square foot office building in Washington, D.C.

Response to Market Conditions

Skyrocketing land prices, absence of market discipline and concern about feasibility convinced BP to cease speculative development; Attention was redirected to major institutional build-to-suits - NASA headquarters, The Office of the Comptroller of the Currency - and major development fee assignments - Thurgood Marshall Federal Judiciary Building, Heath Care Finance Administration, U.S. Postal Service, and NIH Clinical Research Center.

Development Manager for the $130 Million, 1.0 Million Square Foot Thurgood Marshall Judiciary Building on the Grounds of the U.S. Capitol