Rahul Sharma (Editor)

Quadrangle Development Corporation

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Headquarters
  
Washington, D.C., U.S.

Website
  
quadrangledevcorp.com

Number of employees
  
180

Area served
  
Mid-Atlantic U.S.

Founded
  
1971

Type of business
  
Private

Industry
  
Real estate development

Key people
  
Robert Gladstone, chairman Christopher Gladstone, President

Products
  
Hotels, resorts, residences

Revenue
  
81 million USD (2011 est.)

Subsidiaries
  
Holiday Inn Country Club Plaza, MQW, LLC, The Marriott Courtyard Hotel

Quadrangle Development Corporation is a privately held, vertically integrated real estate development company based in Washington, D.C., in the United States. By 2002, it was one of the largest real estate developers in the Washington, D.C., metropolitan area. As of April 2011, the company owned 83 properties (consisting of apartment buildings, condominiums, hotels, and office buildings) totaling 22,000,000 square feet (2,000,000 m2) and worth $8.4 billion.

Contents

Corporate history and projects

Quadrangle Development Corporation was founded in 1971 by Robert Gladstone and James R. Crozier. The company originally focused on constructing apartment complexes, but after a few years began erecting office buildings and hotels.

Among the many projects which Quadrangle Development Corporation has been involved in are:

  • The JW Marriott Hotel Washington in 1979.
  • The Shops at National Place and the National Theatre, which were part of the redevelopment of Pennsylvania Avenue NW in the late 1970s and the early 1980s.
  • The Grand Hyatt Washington in 1987.
  • The Washington Center Office office building at 1001 G Street NW in 1989.
  • Hyatt Regency Chesapeake Bay Golf Resort, Spa & Marina near Annapolis, Maryland, in 2001. This site includes the River Marsh Golf Course.
  • MedImmune Inc. headquarters in Gaithersburg, Maryland, in 2003.
  • The Hilton Baltimore in 2008.
  • Towers Crescent mixed-use development at Tysons Corner, Virginia, in 2009.
  • Mount Vernon Place, a mixed-use development at Mount Vernon Triangle in Washington, D.C. (under construction as of October 2012).
  • Washington Marriott Marquis, an 1,100-room "headquarters hotel" next to the Walter E. Washington Convention Center in Washington, D.C. (Opened May 1, 2014).

    • Key executives

    Key executives of Quadrangle Development Corporation as of 2011 were:

  • Robert Gladstone, Chairman of the Board of Directors and Chief Executive Officer
  • Christopher Gladstone, President

    • Robert Gladstone died at his home in Washington, D.C., on December 24, 2014.

    References

    Quadrangle Development Corporation Wikipedia
    (Text) CC BY-SA