TrendLines® is a state of the commercial real estate market overview and forecast presentation and report produced by Delta Associates, the leading source of real estate market data in the Washington region, and Transwestern, the region’s preeminent commercial real estate firm. Sponsored by PNC and Baker Tilly, its purposes are to distill the trends of the year just completed and to shed light on the pivotal forces we believe will affect the region’s commercial real estate in the year ahead. TRENDLINES® IS AN INVITATION-ONLY EVENT.
February 2, 2017
2017 TrendSetters
Muriel Bowser
Mayor, Washington, D.C.
Muriel Bowser was sworn in as Washington, D.C.’s mayor in January 2015 and from 2007 to 2012 served as chairwoman of the Committee on Economic Development as part of the DC Council. Mayor Bowser has expanded opportunity across the District by strengthening job-training programs and attracting and retaining jobs in the city. As of the first quarter of 2016, there are burgeoning projects across the city that will eventually deliver 32,000 new jobs. The city is gaining an estimated 1,000 net residents every month, and the population is the highest it’s been in 40 years.
Under Bowser’s leadership, the District secured 66 acres of the Walter Reed Campus from the U.S. Army for development, which will create over three million square feet of residential, office and retail space and bring nearly 5,000 jobs to the city.
Because of her work, the city also passed legislation to build the new DC United soccer stadium, which will create nearly 900 job opportunities for District residents and is expected to attract one million annual new visitors per year and spur more than $1.6 billion in total economic activity.
Mayor Bowser is committed to producing, protecting and preserving affordable housing. In her first budget, she devoted an historic $100 million to the Housing Production Trust Fund, putting an unprecedented number of affordable housing units into the pipeline.
Thanks to Mayor Bowser, Washington, D.C., is the economic engine of the metropolitan region and has one of the strongest local economies in the country. For her hard work and commitment to Washington, D.C.’s economic growth, we are pleased to honor Mayor Muriel Bowser as this year’s TrendSetter of the Year.
Monty Hoffman
Founder and CEO, PN Hoffman
Monty Hoffman formed PN Hoffman in 1993 with a single townhouse conversion, and over the past 24 years has built the company into a market leader of real estate development in the Washington, D.C., metro area. PN Hoffman is known for its longstanding track record of successful projects that enhance communities. A design-forward vision, a strong community commitment and a long-term quality perspective have earned PN Hoffman a sterling reputation. The results have revitalized entire neighborhoods and brought new life to communities.
Today, PN Hoffman is developing several mixed use projects throughout the region including The Wharf, a $2.5 billion world-class waterfront and the largest transformative development in Washington, D.C. PN Hoffman was one of the first developers to revitalize the 14th Street Corridor, Logan Circle and Adams Morgan. The company was also on the forefront of sustainability, having developed the first LEED® certified residential high-rise in The District – The Alta – years before environmental considerations were commonplace.
PN Hoffman has been named among Smart CEO’s Washington Future 50, recognizing the future of the region’s economy, and Hoffman has been named as one of Washington Business Journal’s Power 100, a list of the area’s most influential, news-making business leaders. He is a founding board member on the DC Students Construction Trades Foundation, which provides educational and apprenticeship opportunities for District students interested in design, engineering and construction. He is also a member of DC Public Schools Engineering Advisory Board and the Federal City Council.
For his vision and dedication to revitalizing the Washington, D.C. metro area through a wide variety of transformative projects, we are very pleased to honor Monty Hoffman as this year’s TrendSetter of the Year.
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