The latest lease brings the project to 87% preleased before it has even started construction, a sign of the high demand for increasingly scarce large blocks of trophy office space in D.C
Washington Metro Transit Authority, the D.C. government and private developers unveiled long-term plans for a new mixed-use development on what the city says is an underutilized parking lot at the Deanwood Metro station on the Orange Line in Northeast D.C.
A vacant 327,663-square-foot office building located at 600 E St. NW, which once housed offices of the Department of Justice and is now being marketed as a residential conversion opportunity, has drawn interest from potential grocery store tenants …
The 10-story, brick-faced property, known as Penn Quarter Place, is located within the boundaries of D.C.’s Housing in Downtown and Office to Anything conversion programs. It has three sides of windows, lending itself well to a potential conversion that could accommodate between 300 and 425 units, according to marketing materials. A potential two-floor addition would expand the building to 380,000 square feet. The property also has 300 covered parking spaces.
Fourteen months after Capital One announced it was buying Discover for $35.3 billion, the Federal Reserve Board and the Office of the Comptroller of the Currency signed off on the deal Friday … which creates the nation’s sixth-largest bank, with $660 billion in assets, and largest credit card lender.
