Foulger-Pratt has submitted a revised concept for its overhaul of the soon-to-be former Discovery Inc. headquarters in Silver Spring, featuring a multitenant building with two grand entrances, a public park surrounding the office building and a new plaza. Michael Abrams, managing director with Foulger-Pratt, said Monday the Potomac-based developer filed a revised site plan withContinue reading “Foulger-Pratt unveils new concept for soon-to-be former Discovery HQ”
Monthly Archives: December 2018
D.C. appeals court allows Union Market-area project to advance
A D.C. court has rejected an activist group’s appeal of Foulger-Pratt’s $200 million planned development near Union Market. Thursday’s ruling from the D.C. Court of Appeals upholds the D.C. Zoning Commission’s approval of the “Press House” project and could have implications for dozens of other District developments that have been appealed by groups such asContinue reading “D.C. appeals court allows Union Market-area project to advance”
$97M Financing for Former D.C.-Area Discovery Communications HQ
A joint venture between an affiliate of Cerberus Capital Management, L.P., and Foulger-Pratt secured a $96.5 million loan for One Discovery Place. The former Discovery Communications HQ is a vacant 478,130-square-foot trophy office building centrally-located in the metropolitan Washington, D.C. submarket of Silver Spring, MD. The CBD office property is walking distance to public transportation,Continue reading “$97M Financing for Former D.C.-Area Discovery Communications HQ”