DC’s Iconic Development Set New Standards in Urban Waterfront Renewal

 
Washington, DC, Monday, April 28, 2025 – Madison Marquette, a leading private real estate investor, investment manager and developer, today announced that its world-class, iconic waterfront development, The Wharf, would henceforth be wholly owned by its former financial equity partner in the property, Public Sector Pension Investment Board (PSP Investments). Madison Marquette developed The Wharf in partnership with Hoffman & Associates.

“Madison Marquette’s vision for The Wharf, built and brought to life over the past 15 years, succeeded in completely re-imagining an important under-utilized area of the City’s riverfront,” said Amer Hammour, Chairman of Madison Marquette. “We carefully curated every element of the new Wharf neighborhood, and as the project stabilized last year, we completed the largest and most successful project in Washington DC. It was superior in every aspect: The Wharf’s office occupancy and rents are the highest in the city, its apartments are full and vibrant with expansive amenities, its condominiums are the most valuable in the City, and its hotels are top of class in luxury design and visitor occupancy. Additionally, we assembled a great mix of restaurants, food and entertainment outlets, and our music venues attracted over 300 concerts and events every year. It was Madison Marquette’s long history and expertise in mixed-use development and the efforts of our team that successfully reestablished Washington DC as a waterfront city and destination,” said Mr. Hammour.

“Following the above-mentioned success and after discussions with our financial partner which took place over the past year, the decision was made to sell Madison Marquette’s interest in the property. We wish the project continued success and take special pride in the fact that the local team managing the property is made up of Madison Marquette executives whom we trained and internalized in the project,” Mr. Hammour stated.

Madison Marquette’s record of pioneering mixed-use development extends coast to coast – from Los Angeles’s LaBrea District to Napa’s Oxbow Market to the redevelopment of Asbury Park, NJ waterfront with its world-famous Stone Pony and Wonder Bar music venues. The company has an over thirty-year track record in developing and operating compelling destinations that achieve investor and stakeholder objectives while maximizing social and economic value. The company focuses on the adaptive reuse and activation of obsolete and historic buildings, such as office to residential conversions, and retail and mixed-use urban redevelopment. “Madison Marquette will continue exploring new and important real estate investment opportunities,” said Mr. Hammour. “While it is never easy to hand off a great property, we are grateful to the City, its residents and our tenants for their support and its success to date and we will, of course, always stand by to offer resources and support as necessary as The Wharf moves into its future,” stated Mr. Hammour.

About Madison Marquette
Madison Marquette, a member of the Capital Guidance group of companies, is a private real estate investor, investment manager and developer providing a comprehensive set of services to institutional investors and clients across multiple asset classes throughout the United States. Headquartered in Washington, D.C., the company’s over three decade experience in master planning, programming, funding and project execution has successfully resulted in delivery of iconic projects such as The Wharf D.C., Asbury Park Boardwalk (NJ), and California’s Oxbow Market.

Currently, the company is focused on mixed-use environments including the Madison-Highland Live/Work platform to transform vacant or otherwise underperforming office buildings into Class -A loft-style apartments, Madison’s program to reposition portfolios of corporate-owned single-tenant retail use properties and continued redevelopment of the Asbury Park Boardwalk. The company is also pursuing opportunities with large scale master plan developments comprised of exceptionally activated ground planes, specialty retail, a mix of residential, hospitality, entertainment and office. Learn more at www.madisonmarquette.com.

MADISON MARQUETTE CONTACT:

• Bill Sudow, +1.202.256.5566