The Victor Building and the parcel it occupies near the intersection of 9th and G streets NW have a total current assessed value of $93.4 million. The building also includes a 10,000-sf ground-level retail segment.
A freestanding structure just two blocks from the MCI Center, the Victor Building was originally developed in 1909. In 1999 the Smithsonian invested $114 million on the acquisition and redevelopment of the historic property at the hands of real estate firm Akridge, which erected a completely new offering, save for the original structure's historic facade.
Neither the Smithsonian nor Trizec were available for comment by press time.
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.
