Monday, September 12, 2011

Mt. Vernon Triangle Office on Track for September Start

The Association of American Medical Colleges (AAMC) is readying for the construction of its new 285,000 s.f. headquarters on New York Avenue in Mount Vernon Triangle between 6th and 7th Streets, NW.

This past Friday, AAMC obtained the permit necessary to wrap fencing around 15 lots on square 451, in order to secure the site prior to demolition; a raze permit was also granted the same day for 628 New York Avenue NW, the hold-out property, finally sold to Douglas Development last month. Raze applications for 611, 617 K Street NW are pending.

After obtaining 628 New York Ave, however, Douglas sold the entire assemblage; it was reported by the Washington Business Journal that AAMC bought its new headquarters site for around $57 million, and Hines Interests LP has been selected as developer.

AAMC is moving from its current location at 2450 N Street, NW, and plans to occupy its new headquarters by spring 2014.

Washington D.C. real estate development news



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