Clark Builders Group Breaks Ground in H Street Corridor

WASHINGTON — Clark Builders Group and Steuart Investment Company celebrated the commencement of the 360° H Street project with a groundbreaking ceremony today. When complete, the new six-story, mixed-used apartment community in Northeast Washington, D.C. will offer 198 market rate apartments and 17 affordable units to a revitalized area of the nation's capital.

"360° H Street not only represents the building address, but also reflects the turnaround of the H Street corridor back into the lively area it used to be," said Guy Steuart, senior vice president of Steuart Investment Company. "We are thrilled about this new venture on one of our city's 'great streets' and we have full confidence that Clark Builders Group will do an excellent job bringing our vision to life."

Situated just two blocks from Union Station and ten blocks from the U.S. Capitol, 360° H Street is a prime location for residents and retailers alike looking to become an active part of this up-and-coming community. The property will encompass two floors of below grade parking, 42,645 square feet of leasable retail area including a Giant Supermarket, and an elevated courtyard and amenity area on the second floor.The Giant Supermarket is slated to be H Street's first large-scale grocery store on the planned D.C. streetcars trolley route.

Building amenities include a social room and a fitness room, terraces on the second floor, and a 7,500-square-foot roof terrace. Torti Gallas Urban, Inc. designed the structure to earn LEED® certification from the U.S. Green Building Council. Steuart Investment Company predicts welcoming new residents and retail tenants in the second quarter of 2013.

"We look forward to leaving our mark in the community," said Keith Anderson, president of Clark Builders Group. "This marks our second residential project in the H street corridor, and Clark is eager to play a part in the revival of such an integral part of the district."

Local restaurants added H Street flavor to the groundbreaking ceremony, providing a sampling of catered fare. Remarks were made by Steuart, Mayor Vincent C. Gray, Ward 6 Councilmember Tommy Wells, and Chris Paridissis, Giant Food vice president of retail operations.

About Clark Builders Group

As the second largest multifamily builder in the nation, Clark Builders Group (CBG) is one of the nation's premier builders of luxury apartments, military family housing, and mixed-use communities. CBG has constructed more than 50,000 homes since its founding in 1992 and boasts an extensive portfolio of nationally acclaimed, award-winning communities on both coasts. CBG is an affiliate of the Clark Construction Group, one of the nation's oldest and largest private general contractors. For more information, visit www.clarkbuildersgroup.com.

About Steuart Investment Company

In 1904 the Steuart family began a history of business accomplishment, backed by traditional values and ethics, that helped serve the emerging needs of a century of progress. Steuart Investment Company is a family owned firm that invests in and operates profitable businesses for the benefit of its shareholders. Through four generations of leadership, the company continues its investment in a broad spectrum of businesses; its management style pays equal homage to the necessities of past, present, and future, and its operations are characterized by prudence, diligence, and resourcefulness. For more information, visit www.steuart.com.