Grosvenor Americas Selects Balfour Beatty Construction to Build New Mixed-use “Central” Development in Downtown Silver Spring

SILVER SPRING, Md.--(BUSINESS WIRE)-- Grosvenor Americas has selected Balfour Beatty Construction to build its new 231,000-square-foot, mixed-use Central development. Located in revitalized downtown Silver Spring, the five-story development will be comprised of 243 residential units above 16,000 square feet of retail space and two levels of underground parking.

Grosvenor’s Central development will serve as a cornerstone in the continued revitalization of downtown Silver Spring that has transformed the surrounding neighborhood into a thriving entertainment, retail and employment district in recent years. The Central project will further enhance the city’s growth, meeting the increased demand for mixed-use developments as the city has emerged as one of the area’s leading places to live and work.

“Grosvenor is committed to unlocking the potential of communities through its ‘Living Cities’ philosophy and we are honored to have been selected as their construction partner,” said David Laib, senior vice president, Balfour Beatty Construction. “We share Grosvenor’s passion for constructing inventive and imaginative projects that spark community spirit and energize neighborhoods. The Central project perfectly embodies Grosvenor’s commitment, setting our collective team on the path to deliver a world-class structure that further enhances the allure of downtown Silver Spring.”

The development will also include 31 below market rate units and an amenity package for residents incorporating an outdoor pool, indoor/outdoor party room, fully equipped workout facility, pet wash-facility, bike workshop, and Wi-Fi café/lounge. By designing spacious and innovative building amenities for residents, Central will offer a meeting place for residents to engage and interact. Located just one block away from the Silver Spring Whole Foods, Central is a short walk from the Silver Spring Metro station at Colesville Road and East-West Highway.

During a recent groundbreaking ceremony, community leaders were ecstatic at the prospect of what the Central project will add to the city. Local residents were equally elated, knowing when complete in the third quarter of 2017, Central will further enhance the pride, appeal and excitement the community offers.

Balfour Beatty has enjoyed a long-standing working relationship with Grosvenor in the United Kingdom, including development of significant portions of Grosvenor’s landmark redevelopment, Liverpool One.

About Balfour Beatty Construction

An industry leader for more than 80 years, Balfour Beatty Construction US provides general contracting, at-risk construction management, and design-build services for a wide variety of markets, serving clients in both the public and private sectors. The company is the U.S. subsidiary of London-based Balfour Beatty plc (LSE: BBY), a leading international infrastructure group that finances, develops, builds and maintains complex building programs focused on social and commercial buildings, power and utility systems, and transportation. Consistently ranked among the nation’s largest building contractors, Balfour Beatty Construction Services US has been cited as a Top 10 Domestic Building Contractor and Top 10 Green Builder by Engineering News-Record. To learn more, visit www.balfourbeattyus.com or look for BalfourBeattyUS on Facebook, Twitter, and LinkedIn.

Grosvenor Americas

Grosvenor Americas aims to become a market leader in select geographical areas and sectors in Canada and the USA through focused, strategic expansion. Grosvenor Americas uses their knowledge of the cities they work in and their property skills to develop projects that contribute to the vibrancy and attractiveness of those communities. With a specific interest in retail, residential condominiums and apartments, and mixed-use sectors, the Company currently operates in Washington, D.C., Seattle, San Francisco, Los Angeles, Vancouver and Calgary. As at 31 December 2014, Grosvenor Americas had assets under management of $2.3B USD.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150922005354/en/

Balfour Beatty Construction
Matt Averitt, 214-451-1030
[email protected]

Source: Balfour Beatty Construction

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