$145M IMF Building Is Taking Shape

WASHINGTON, DC-The walls have begun to go up on the International Monetary Fund’s new 650,000-sf headquarters building at 1900 Pennsylvania Ave., according to project contractor the Clark Construction Group. The $145-million, 12-story edifice will occupy a spot adjacent to the IMF’s existing headquarters located at 700 19th St. CarrAmerica Realty Corp. is the development manager for the multi-million dollar endeavor.

“The project has been in development to enable IMF to create a more efficient physical plant that will consolidate a number of operations currently spread around the District of Columbia,” says the deputy director of IMF’s Technology & General Services Department, the office overseeing the development. “We expect our newest building will enhance the Foggy Bottom neighborhood and the operations of IMF.” In addition to the class A office space, what lies in store at the site once known as the Thomas Edison building is a three-level underground parking garage, a 450-seat meeting area, a training facility for the IMF Institute, a 2-story restaurant, as well as ground-level retail space.