One Hill South
Washington, D.C.
Situation
Our team worked with ownership and identified an opportunity to build the Related Companies first residential property in Washington D.C. Recognizing the consumer demand for luxury living and lack of available options, we set out to develop a distinctive property that would not only surpass existing standards but also act as a catalyst for future developments. The chosen site, in the Capitol Riverfront neighborhood, presented a canvas for innovation.
Goal
Create "One Hill South," the first-of-its-kind luxury residential building in Washington D.C.. The aim was to set a new benchmark in terms of design, amenities, and rental rates, bolstering Related Companies' reputation as a leader in high-end real estate development.
Outcome
One Hill South emerged as a resounding success, achieving the highest rents in the market and setting a new standard for luxury living in the nation's capital. The key contributing factors and outcomes were:
Innovative Design and Unmatched Amenities: One Hill South featured innovative architectural design and an amenity package that outshone competitors. The property offered residents exclusive access to a private Equinox branded fitness center (first of its kind in the D.C. market), rooftop pool, concierge services and doorperson, and meticulously designed living spaces, creating an unparalleled residential experience.
Highest Rents in the Market: One Hill South achieved the highest rental rates in the market, attracting a discerning clientele seeking the epitome of luxury living. The success in rental rates solidified Related Companies' position as a market leader.
Brand Notoriety and Future Developments: The success of One Hill South elevated Related Companies' brand notoriety in the D.C. real estate landscape. The project received significant media attention, positioning Related Companies as an innovator in luxury residential development. Subsequent projects (10K Hill South) exceeded the achievements of One Hill South, achieving higher dollars per square foot (PSF), garnering increased attention, and boasting impressive tenant retention rates.
Conclusion: One Hill South is a testament to a commitment to innovation and excellence in luxury real estate development. The project not only achieved unprecedented success in rental rates and amenities but also paved the way for a series of future developments that continue to surpass expectations in terms of PSF, notoriety, and tenant retention.