Private equity firm 22 Capital Partners has added Trinity Group Construction, DVA Architects, Greystar, and AECOM’s Tishman Construction unit to its Gramercy District project. These additions join Gramercy District’s new technology partners, George Washington University and the Center for Innovative Technology, which were announced last week. They will join Microsoft Corp. to incorporate technology into the project.
Gramercy will be the first development to use the “Smart City In-A-Box” model, which Gramercy executive vice president Tom McConnell describes as “the foundation for the development of smart cities by linking together all aspects of real estate development with a pre-configured, intelligent framework.”
The Gramercy District will sit on 16 acres in Ashburn, Va. next to the planned Ashburn Metro Station. Three residential buildings, a hotel, retail space, an office building, and a business center are expected for the property. The developer expects to deliver the first phase in 2018.