Three years after leaving Trammell Crow to start his own development firm, Bob Murphy, 47, talks about timing, the economy and his $1.5 billion in projects – enough to make even the most confident developer lose sleep.
learn more > CHEVY CHASE, MD-MRP Realty, a development firm founded by Bob Murphy, Fred Rothmeijer, and Ryan Wade--three former Trammell Crow executives--has kept a low profile since it opened its doors here last July. That, though, is beginning to change as it commences construction on its first project, an office tower in the Carlyle section of Old Town Alexandria, VA.
learn more >Gateway to the North - Washington Gateway leads NoMa growth in D.C.
Serving as a northern anchor in the NoMa submarket is Washington Gateway, a 1 million-square-foot mixed-use project that will be located immediately north of the New York Avenue Metro station at the corner of the submarket between New York and Florida Avenues. The $350 million development, being built by MRP Realty, will include two office towers, a 250-unit residential tower and a 150-key extended-stay hotel; and it has just been granted approval by the Washington, D.C., Zoning Commission.
learn more >ARLINGTON, VA-Verizon has vacated its lease early from 1310 N. Courthouse Rd., a 380,195-sf, 11-story office building in which it is the sole tenant. The building, located in the Courthouse submarket in the Rosslyn-Ballston corridor, was purchased by MRP Realty in a venture with Rockpoint Group LLC in January.
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