WASHINGTON, DC-The renovation of the office building at 1110 Vermont Ave. NW has gotten under way, initiating a process that will convert the 300,000-sf class B facility into a class A office property. The 27-year-old structure is owned by a joint venture involving GMAC Institutional Advisors, Perseus Realty and Stillman Group.

Buying from Stillman last year, GMAC acquired a majority interest and Perseus, already a minority interest holder, increased its stake in the property for $82 million. Property developer Stillman was left with a minority interest. The building’s transformation, spearheaded by Studios Architecture, will cost the owners about $40 million. “We envision a bold, progressive building that takes commercial architecture forward in the city, rather than relying heavily on the past,” says Perseus Realty president Bob Cohen.

A 12-story structure located near the White House in the city’s central business district, 1110 Vermont also features 17,300 sf of ground-level retail space and a two-level underground parking facility. Jones Lang LaSalle oversees leasing responsibilities at the property, which is home to various offices of the US government and nonprofit organizations.

Among the elements that will be incorporated to elevate the building’s status during the renovation are an upgraded facade, enhanced building systems, new interior spaces and an interactive light and sound system for external and internal use. JLL’s Trip Howell says that “when construction is complete, 1110 Vermont will be one of the most high profile buildings in the city.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 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.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.