Carr to Lead Grosvenor’s Washington Metropolitan Region Development Program
WASHINGTON, D.C. (May 4, 2016) – Grosvenor Americas (Grosvenor), a private property investment and development company, today announced that Jonathan Carr was promoted to senior vice president, development in their Washington, D.C. office. In addition to managing the development team, Carr now leads Grosvenor’s development program across the Washington metropolitan region. Projects currently underway include F1RST in the Capitol Riverfront neighborhood and Central in Silver Spring, Maryland, both delivering early 2017.
Located adjacent to Nationals Park baseball stadium, F1RST will be a 450,000 square-foot, mixed-use community that will offer 325 rental apartments with Taylor Gourmet and Chop’t as part of its 25,000 square-feet of retail space. Central, located at 8455 Fenton Street, will be a 231,000-square-foot, 243-apartment mixed-use community that will feature ground floor retail space and resident amenities such as an outdoor pool, rooftop lounge, pet wash-facility and bike workshop.
“Jon’s deep knowledge of the regional development and real estate market has been vital to Grosvenor’s strategic growth in the region,” said James Patillo, managing director, development, at Grosvenor. “His commitment to enhancing the vibrancy of urban areas is consistent with Grosvenor’s ‘Living cities’ approach to city building where we invest in the long-term livability of communities.”
Carr currently manages a development pipeline valued at more than $350 million. As an active participant in the redevelopment of the Capitol Riverfront, Carr serves as Grosvenor’s liaison for the Capitol Riverfront Business Improvement District, with a specific focus on branding the burgeoning neighborhood.
Prior to his promotion, Carr managed, along with partner The JBG Company, the development of District, a mixed-use development along the vibrant stretch of 14th Street in DC. In 2014, with District valued at $76M, Carr worked with JBG to sell the development to JP Morgan.
Carr began his career with Grosvenor in 2007 working from the company’s San Francisco office. Following a brief departure in 2013, Jon rejoined Grosvenor as vice president of development, working from the Washington, D.C. office, in 2014.
An active member of the Urban Land Institute, Carr holds a B.A. degree from Middlebury College and an MBA in Real Estate Finance and Development from the University of North Carolina.
About Grosvenor Group
Grosvenor Group has 17 offices in 11 countries and assets in 16 countries. The Group has regional investment and development businesses in Britain and Ireland, the Americas, and Asia Pacific. The Group’s international fund management business operates across Continental Europe. It also has indirect investments, managed centrally. Unusual for a private company, Grosvenor publishes a detailed reporting suite - Annual Review, Financial Statements, Environment Data and index of sustainability reporting under the GRI initiative - available at: www.grosvenor.com.
About Grosvenor Americas
Grosvenor Americas aims to become a market leader in select geographical areas and sectors in Canada and the USA through focused, strategic expansion. Grosvenor Americas uses their knowledge of the cities they work in and their property skills to develop projects that contribute to the vibrancy and attractiveness of those communities. With a specific interest in retail, residential condominiums and apartments, and mixed-use sectors, the Company currently operates in Washington, D.C., Seattle, San Francisco, Los Angeles, Vancouver and Calgary. As at 31 December 2015, Grosvenor Americas had assets under management of $3.6B USD. For more information, please visit www.grosvenor.com.
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