Business
The RMR Group Announces Completion of the Renovations at 1145 19th Street, NW in Washington, DC
Class A Medical Office Property Offers an Exceptional Medical Building Experience for Doctors and Patients NEWTON, Mass.--(BUSINESS WIRE)-- The RMR Group
About this update from The Rmr Group Inc.
[{"type":"text","content":"\nClass A Medical Office Property Offers an Exceptional Medical Building Experience for Doctors and Patients\n\n NEWTON, Mass.--(BUSINESS WIRE)--\nThe RMR Group Inc. (Nasdaq: RMR) announced today that it has completed a $26 million redevelopment of 1145 19th Street, NW, a 133,000 square foot, eight-story medical office property in Washington DC.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200916005186/en/\nThe newly renovated Class A property offers sophisticated amenities that enhance the patient and tenant experience such as valet garage parking, an inviting lobby lounge, a technologically advanced conference and training center and a spacious fitness facility overlooking bustling 19th Street. The redeveloped medical property has a new sleek all-glass exterior façade and underwent significant HVAC upgrades, making it highly energy efficient while reducing operational costs. 1145 19th Street, NW offers medical professionals a variety of necessary services such as on-site radiology, surgery center and laboratory testing allowing for full-coverage patient care. The RMR Group managed the redevelopment, partnering with SmithGroup Architecture and DAVIS Construction.\n\nConveniently located between M and L Street on 19th Street in Northwest Washington, DC, the redeveloped property sits in the heart of the city’s Central Business District (CBD), offering direct access to a wide range of amenities including shops, restaurants and entertainment venues, all within walking distance. The building benefits from accessibility to public transportation as well as easy access to major arteries such as George Washington Parkway, The Capital Beltway and I-66. Additionally, the numerous public and private entities that are located in the lively CBD generate a significant demand for all medical specialties in the building. The building is also within a five-mile radius of four of the city’s major hospitals.\n\nChris Bilotto, Vice President, Asset Management of RMR, provided the following statement:\n\n“1145 19th Street is a premier medical office property, unlike any other in the Washington DC market. The redevelopment was focused on creating an inviting and comfortable atmosphere for patient care – new mechanical systems for better operating efficiencies and offering amenities to e...