Other building specs for the 1.2-million-square-foot project, which is being funded in part with $162 million from the American Recovery and Reinvestment Act, include accessibility standards mandated under the Architecture Barriers Act and at minimum a LEED-Silver design plan. Groundbreaking is scheduled for this month, with completion in 2013.
The project is not necessarily a complete win-win for the District though. Currently the Coast Guard occupies 592,000 square feet at 2100 2nd St.--a building owned by Monday Properties. The agency renewed its lease there at the end of last year for a 10-year term. Monday Properties did not return a call to GlobeSt.com in time for publication.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
