Sentimentality aside, it's a good bet that executives at Carr Properties are hard at work coming up with plans to tear down or at least substantially overhaul the longtime headquarters of the Washington Post at 1150 15th St. NW...
So what might replace the Post headquarters? An offering brochure issued by Studley and JM Zell outlined several options for the properties, which sit just four blocks from the White House. On the grand scale, the site could be redeveloped to include about 738,700 square feet in floor area ratio (FAR) that could be a mix of office, residential, retail or hotel space.
As a tear-down-and-rebuild office project, Carr might have paid more than the going rate at about $215 per square foot. Studley and JM Zell estimate the value of those kinds of properties have generally hovered around between $300 and $400 per square foot.Washington Post headquarters likely candidate for redevelopment
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