Hoffman & Associates (formerly PN Hoffman & Associates)[1] is a privately-held[2] real estate development company based in Washington D.C. most known for mixed-use and urban developments.[3] The company has completed approximately seventy developments in the Washington D.C. area,[4] including The Wharf development on D.C.'s Southwest Waterfront.[5][6] The company's headquarters are in Washington D.C., with a second office in Raleigh, North Carolina.[7]
| Industry | Development Redevelopment Construction, |
|---|---|
| Founded | 1993 |
| Founder |
|
| Headquarters | |
Area served | United States |
Key people | Monty Hoffman (Founder & Chairman) |
Number of employees | 50-60 |
| Website | www |
History edit
Hoffman & Associates was founded in 1993 as PN Hoffman by current CEO Monty Hoffman and former partner Pete Nazelrod.[8] The company initially produced luxury condos in the D.C. area[8] and incorporated green and sustainable practices into designs. The Alta at Thomas Circle, completed in 2006, was the first LEED-certified residential building in Washington D.C.[4]
During April 2023, it was announced that Mary Beth Avedesian has been appointed as Senior Vice President of Development for the organisation, and will manage several major projects across the region, including the company’s large-scale, community-focused development in Falls Church.[9]
Southwest Waterfront Development edit
In September 2006, the company was selected to develop the portion of the District's Southwest Waterfront now known as The Wharf.[10] Hoffman ultimately partnered with Madison Marquette to build The Wharf and the first phase of the development opened in October 2017.[11] The Wharf is operated by Hoffman-Madison Waterfront, a joint venture between Hoffman & Associates and Madison Marquette.[12] The second phase of the project is projected to be complete in 2022 and will cover nearly one mile of the waterfront and contain more than 3 million square feet of mixed use space.[13] The total cost of the development is estimated to be $2.5 billion.[14]
As part of the project to redevelop the Southwest Waterfront, Hoffman also redeveloped the historic Riverside Baptist Church[15] and St. Augustine's Church in Southwest D.C.[16][17]
Additional D.C. Development edit
In 2014, the company was chosen to build a residential building at The Yards, the 42-acre development on D.C.'s Anacostia River waterfront. The Bower was the first for-sale condominium in The Yards.[18]
In May 2019, the company entered into a partnership with EYA, and Regency Centers to develop a 9.4-acre section of Falls Church, Virginia[14] into mixed-use development.[19] Initially dubbed Little City Commons, the project was later designated as West Falls to better integrate with surrounding developments. The project experienced a slowdown during the 2020 Covid-19 pandemic and ground breaking was planned for sometime in 2021.[20][21] The site is expected to include 1.4 million square feet of mixed use space and a 99-year lease on the property is expected to bring the city of Falls Church as much as $44.5 million.[22]
Expansion edit
In December 2018, the company acquired Seaboard Station in downtown Raleigh, North Carolina and is planning a redevelopment of the space valued at $300 million and will open in 2022.[23][24] In 2019, Hoffman & Associates was selected as the development partner for GoTriangle's Raleigh Union Station Bus Facility project.[25]
Awards edit
| Year | Award | Awarding Entity | Project/Awardee |
|---|---|---|---|
| 2019 | ULI Global Awards for Excellence | Urban Land Institute | The Wharf Phase 1[26] |
| 2020 | Jack Kemp Excellence in Affordable Housing | Urban Land Institute | The Wharf Phase 1[27] |
References edit
- ^ "PN Hoffman Rebrands Company, Expands To Raleigh". Bisnow.
- ^ "PN Hoffman".
- ^ "Baker Tilly's behind the scenes interview with PN Hoffman". www.bakertilly.com.
- ^ a b "Company Profiles: PN Hoffman".
- ^ "PN Hoffman's Wharf Headquarters | Wingate Hughes Architects". wingatehughes.com. August 23, 2018.
- ^ "PN Hoffman moves HQ to The Wharf". WTOP. July 25, 2017.
- ^ "IWG Reportedly Mulling U.S. IPO To Compete Directly With WeWork". Bisnow.
- ^ a b "Capital Vision Washington condo and apartment builder PN Hoffman turns neighborhood potential into real world paradise". www.multifamilyexecutive.com. Retrieved 2021-07-22.
- ^ "Hoffman & Associates Announces Mary Beth Avedesian as Senior Vice President of Development". www.businesswire.com. 2023-04-11. Retrieved 2023-04-21.
- ^ "Reinventing the Southwest Waterfront | Washingtonian (DC)". September 6, 2011.
- ^ "Meet the Developers | About The Wharf | District Wharf". www.wharfdc.com.
- ^ "The Wharf". www.architectmagazine.com. Retrieved 2021-07-22.
- ^ Zafar, Nina (March 10, 2021). "In D.C.'s Southwest Waterfront, the past lives with a glitzy new present". The Washington Post.
- ^ a b "About the Public-Private Partnership | Falls Church, VA - Official Website". www.fallschurchva.gov.
- ^ "Riverside Baptist to be Redeveloped | Capital Community News". www.capitalcommunitynews.com.
- ^ "About Us". Staugustinesdc.
- ^ Zauzmer, Julie (2017-01-19). "Development on D.C.'s waterfront presents chance for neighborhood churches to cash in". The Washington Post.
- ^ "Forest City Washington and PN Hoffman to Develop Condominiums at The Yards". ctycms.com. Retrieved 2021-07-22.
- ^ "With Latest OK, West End Economic Project Named 'Little City Commons'". July 11, 2019.
- ^ "Developer plans to break ground on townhomes at Falls Church shopping center this spring". Tysons Reporter. 2021-03-24. Retrieved 2021-07-22.
- ^ Benton, Nicholas F. (2020-07-09). "West End Project Pushes Forward Amidst Pandemic". Falls Church News-Press Online. Retrieved 2021-07-22.
- ^ "Plans gain steam for massive development on the western edge of Falls Church". www.bizjournals.com. Retrieved 2021-07-22.
- ^ "PN Hoffman Expands Beyond D.C. With Raleigh Office, $250M Project". Bisnow.
- ^ Sanchez-Guerra, Aaron (October 16, 2020). "Plans finalized for the $300 million redevelopment of Seaboard Station in Raleigh". The News & Observer.
- ^ "GoTriangle selects Hoffman & Associates as preferred developer for major transit hub in Raleigh". Triangle Business Journal.
- ^ "The Wharf (Phase I), 2019 ULI Global Awards for Excellence Winner". ULI Americas. May 14, 2019.
- ^ "Jack Kemp Excellence in Affordable and Workforce Housing Awards 2020 Finalist: The Wharf Phase I". ULI Americas. August 10, 2020.