Indeed, Roadside JV's eventual plans for the headquarters and ten acres of land on Wisconsin Ave., will be heavily influenced by the neighborhood's and community's thoughts and wishes, according to Richard Lake, Roadside Development's founding principal.

The company wants to build an urban infill mixed-use community there consisting of residential, retail and office use. The headquarters and its park setting all but cry out “place” Lake told GlobeSt.com. “It is hard to create that from scratch,” he says.

“The next step for us is to spend time with designers ,architects, potential users and the community to come up with plan to capture all the things that appeal to us about this site and unlock its value.”

Fannie Mae will not be moving into its headquarters for two years, which is enough time to hear from the various stakeholders and formulate a plan, Lake adds.

Fannie Mae

WASHINGTON, DC–Fannie Mae has sold its properties in the District to three separate buyers for a total of $119 million, give or take. The chief property, the 228,000-square foot headquarters at 3900 Wisconsin Ave. and approximately 10 acres of surrounding land, traded for $86 million, according to a Fannie Mae spokesperson. That buyer is a joint venture between between Roadside Development and North America Sekisui House, or NASH.

Fannie Mae sold its office building at 4250 Connecticut Ave., NW, to Bernstein Management for about $25 million and the building across the street from its headquarters, 3939 Wisconsin Ave., to the neighboring Sidwell Friends school for $8 million.

Fannie Mae announced it was putting its properties on the market about two years ago as it pondered where it should relocate its headquarters. Eventually it opted for a new downtown property called Midtown Center that is being developed by Carr Properties to replace the former Washington Post headquarters.

The bidding was competitive for all three properties, according to the Fannie Mae spokesperson. “The final buyers were based price, their status as strong corporate citizens and as committed to the neighborhood,” he told GlobeSt.com.

Indeed, Roadside JV's eventual plans for the headquarters and ten acres of land on Wisconsin Ave., will be heavily influenced by the neighborhood's and community's thoughts and wishes, according to Richard Lake, Roadside Development's founding principal.

The company wants to build an urban infill mixed-use community there consisting of residential, retail and office use. The headquarters and its park setting all but cry out “place” Lake told GlobeSt.com. “It is hard to create that from scratch,” he says.

“The next step for us is to spend time with designers ,architects, potential users and the community to come up with plan to capture all the things that appeal to us about this site and unlock its value.”

Fannie Mae will not be moving into its headquarters for two years, which is enough time to hear from the various stakeholders and formulate a plan, Lake adds.