22 Capital Partners announces team for Gramercy District

Published August 22, 2016 by Robert Powell, III

22 Capital Partners, a Chantilly-based private equity firm, announced the project team Monday  for a $500 million-plus development, Gramercy District,  a smart-city project underway just outside of Washington, D.C.

22 Capital Partners said the team will  implement the vision of a marriage between technology and real estate development in creating the 2.5 million-square-foot mixed-use development in Loudoun County. The Tishman Construction unit of AECOM, a global infrastructure firm based in Los Angeles, will partner with Trinity Group Construction based in Herndon. DVA Architects of Gaithersburg, Md., will design the Gramercy District campus.

This city will include a combination of outdoor plazas and public spaces where consumers can  interact with businesses. Greystar will provide preconstruction consulting and property management services. These four firms join existing project team members: Bowman Consulting Group, McGuireWoods and Benton Potter & Murdoc.

“We’ve put together a team known for their expertise in the design and construction of commercial, residential and retail developments, who are forward thinking, ready to embrace how technology can improve our city’s overall experience,”  Tom McConnell, executive vice president of Gramercy District, said in a statement.

The announcement follows another public release from 22 Capital Partners about the formation of 22 CityLink, a technology company that will  provide the smart city platform for the project's development.

Other partners include Microsoft,  the Center for Innovative Technology and the George Washington University.