WASHINGTON, D.C. – February 18, 2021 – Today co-developers Douglas Development Corporation (DDC) and PTM Partners (PTM) announce that the mixed-use development, Watermark, has been awarded LEED Gold by the U.S. Green Building Council (USGBC). LEED (Leadership in Energy and Environmental Design) is the most widely used green building rating system in the world and an international symbol of excellence.
Located at 1900 Half Street, SW in Washington D.C., the 453-unit, 11-story building’s recognition as a LEED-certified project showcases the design, construction and development team’s longstanding commitment to sustainability and human health.
“We are honored Watermark has been recognized as a LEED-certified building, as we placed great weight into the environmental impact of this project and how to best foster the health of its occupants,” said Nicholas Pantuliano, Chief Operations Officer at PTM. “LEED is a transformative tool that is revolutionizing our built environment and allowing projects like Watermark to become socially responsible spaces to live, work and play.”
The LEED green building rating system was originally introduced in 1998 and has gone through several evolutions, in an effort to challenge project teams and inspire outside-the-box ideas for buildings at all phases of development.
Watermark achieved LEED Gold certification for implementing practical and measurable strategies and solutions and for earning high scores in the following areas:
- Sustainable sites
- Water efficiency
- Energy & atmosphere
- Materials & resources
- Indoor environmental quality
- Innovation & design
- Location & transportation
“Achieving LEED certification is more than just implementing sustainable practices. It represents a commitment to making the world a better place and influencing others to do better,” said Mahesh Ramanujam, president and CEO, USGBC. “Given the extraordinary importance of climate protection and the central role buildings play in that effort, Watermark is creating a path forward through its LEED certification.”
Professionally managed by Greystar, Watermark launched leasing in 2020 and offers studio to three-bedroom units priced from $1,500 per month up to the mid $5,000s, depending on size, number of bedrooms and view.?For more information about?Watermark, or to schedule a virtual or in-person tour, visit the website at?https://watermarkdc.com/.
ABOUT DOUGLAS DEVELOPMENT CORPORATION
Douglas Development Corporation has grown from its origin as the real estate holdings of a single retail entrepreneur into one of the most recognizable names in the Mid-Atlantic real estate market. With more than 250 properties spanning 12.6 million square feet of office, retail, multifamily, industrial, hospitality and educational space, the company has completed several challenging projects and continues to expand into new markets and product types. Known historically for revitalizing underdeveloped, emerging areas and preserving and rehabilitating historic properties, Douglas Development has focused on creating value for the long-term and improving not only its business operations, but also the various neighborhoods and cities it calls home. The company believes strongly in being a leader and pioneer in both the real estate industry and communities in which it operates and seeks to provide the best product and service to its tenants, visitors, partners and communities. For more information, please visit?https://douglasdevelopment.com/.
ABOUT PTM PARTNERS
PTM Partners (“PTM”),?is a real estate investment and development firm, with an initial focus exclusively on Qualified Opportunity Zones. PTM Partner’s Opportunity Zone Fund has already resulted in three development projects across multiple asset classes and a soon to-be-announced fourth project.? Founded by Nicholas Pantuliano, Michael Tillman, and Scott Meyer, all former executives of the Lefrak Organization, PTM seeks community-oriented development opportunities that create substantial value for its residents, partners and investors.? With an eye towards long-term value creation for all stakeholders, PTM focuses on making investment decisions that balance reputation and long-term profitability over short-term revenue maximization.? The PTM team has collectively invested, developed, constructed, and managed more than $12 billion in real estate covering a broad range of mixed-use development projects in Florida, New Jersey, New York, and Washington, D.C.? For more information, please visit?www.ptmpartners.com.
About the U.S. Green Building Council
The U.S. Green Building Council (USGBC) is committed to a prosperous and sustainable future through cost-efficient and energy-saving green buildings. USGBC works toward its mission of market transformation through its LEED green building program, robust educational offerings, an international network of local community leaders, the annual Greenbuild International Conference & Expo, the Center for Green Schools and advocacy in support of public policy that encourages and enables green buildings and communities. For more information, visit usgbc.org.