The building’s current tenant, the Department of Defense, will be moving out in December as a result of the Base Realignment and Closure Act (BRAC). In anticipation, the building’s owner is embarking on a major renovation project to “re-position” the 1960s-era building for occupancy by a new tenant.
“The building… will be fully renovated, with a new lobby, landscaping, façade improvements, fitness center, updated common areas, updated HVAC and fire and life safety systems, and a roof deck with extensive views,” according to a press release. “We see a unique opportunity to deliver a fully refreshed, high quality work environment at a price point substantially lower than the new buildings being delivered in the Rosslyn-Ballston corridor.”
To fund the $5 million renovation project and the leasing efforts, owner RESI Management has raised $21.2 million from Chevy Chase-based Federal Capital Partners, along with a $33.5 million loan from Wells Fargo. The renovations are expected to be complete by mid-2013.
The 184,216 square foot building first opened in 1966. Located two blocks from the Ballston Metro station, the building has been serving as the headquarters for Department of Defense Education Activity, which manages schools for military children.
Firefighters battled a significant fire Saturday night on the 23rd Street S. restaurant row in Crystal City.
The latest Neighborhood Spotlight discusses the Clarendon neighborhood which is the perfect neighborhood that blends urban walkability with the suburban areas near it.
If it’s shocking to you that it’s December already, you’re not alone. Maybe it’s because fall seemed to be a mere extension of summer that then quickly transitioned to winter….
This week, Your Beermonger reminisces on first time he tried Hardywood’s Kentucky Christmas Morning.