Redeveloper Chosen for Downtown DC’s Old Post Office Pavilion
Posted: February 24, 2012 Filed under: Business1, Development, Dining, Washington, DC | Tags: 1100 pennsylvania avenue, bid, cafe, development, downtown, federal triangle, general services administration, gsa, hotel, old post office pavilion, restaurant, trump, washington dc Leave a comment »
ecently, downtowndc.org reported that redevelopment rights had been selected for the Old Post Office Pavilion at 1100 Pennsylvania Avenue, one of Downtown DC’s landmarks for 100+ years. The General Services Administration (GSA) looked at bids ranging from “a hotel to a museum to a media center”, and ultimately chose the Trump Organization for the job.
Their proposed first-class hotel will include 250 rooms, a spa, conference facilities, as well as restaurants with café tables on the avenue that’s been called “America’s Main Street”. Preliminary plans would have the renovations beginning in 2014.
The 400,000 sq ft building and adjacent pavilion now lose $6 million annually due to underutilized space, low retail rents and high operating costs. In addition to enlivening the Federal Triangle, the new project should create 150-200 new jobs and pull in $7 million to $8 million in new tax revenues for the city.
For the full article, click here.
Gordon
Guest
Jeremy
Ross
