The four-story structure has a 2004 assessed value of $88.3 million. The high value can likely be accounted for by the property's historically significant age and well-traveled location in the District.
While a great deal of the construction work will be aimed at the building's inner workings—such as the electrical system, the HVAC system, and piping system--there will also be a partial renovation of the interior workspace. Alexandria, VA-based Geier Brown Renfrow Architects is behind the renovation design. Work on the structure is due to wrap up by October of this year.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
