Gallery Place is a one million square-foot urban, mixed-use project that combines upscale destination retail, Class A office space, residential condominiums, and underground parking. It is adjacent to the Verizon Center and directly above the Gallery Place/Chinatown Metro Station. The project's visibility, attractive public spaces, quality construction, tenancy and location make it the centerpiece of the East End and an integral part of the revitalization of downtown Washington.
Beginning in 1999, Akridge and Western Development navigated numerous hurdles to complete this landmark. They assembled several properties, neighborhood associations, and financial interests, including the DC government and the Washington Metro Area Transit Authority. Extensive coordination was required for the excavation phase, an alley closing, and finally building the complex structure. The project utilized the first ever tax increment financing (TIF) from the DC government after initiating a major change in legislation.
Gallery Place opened in the Fall of 2004, and has been an economic development success for DC, bringing jobs to the area and revitalizing the East End. The project earned awards for its quality and community impact from NAIOP, the DC Economic Partnership, the Downtown DC BID, and the Washington Business Journal.