Since January, 2003
            
 (a random before-and-after moment)
May 26, 2013
August 11, 2016
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From the Examiner, a tally of the costs to the city of first renting and now purchasing the old Post Plant at 225 Virginia Ave., which it says will total $400 million from the original leasing of the building in 2006 through the end of the new 20-year lease with StonebridgeCarras: "The D.C. Council recently approved a 20-year, $174.4 million lease with developer StonebridgeCarras LLC, which will overhaul the property to house three government agencies. From the first rent payment in July 2007 to the end of the StonebridgeCarras deal, the District will have spent more than $274 million to lease, buy, renovate and lease the building again. Operating costs for 345,120 rentable square feet will be in the $6 million-a-year range, adding $120 million to the price tag."
There's no word yet on when renovations to the building will begin. If you want more background on the long and winding road of DC's dance with this building, you can read my archived posts.
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 More About 225 Virginia/Old Post Plant/200 I

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Jay says: (3/12/10 4:50 PM)
Wow.. $400 Million for that place. All of a sudden $670 million for Nationals Park doesn't sound that bad!


G St says: (3/15/10 11:21 AM)
DC Government's 'White Elephant Building' marches on...

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400 B/O M ST SE   THEFT FROM AUTO
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1100 B/O NEW JERSEY AVE SE   THEFT FROM AUTO
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70 B/O I ST SE   THEFT FROM AUTO
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1100 B/O NEW JERSEY AVE SE   THEFT
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Recent Issued Building Permits Archive  
1100 2ND PL SE   
12/28/16 
LIDIA BARDI SQUARE 769N OWNER, LLC / LIDIA BARDI SQUARE 769N OWNER, LLC; GEORGE KING MORETRENCH AMERICAN CORPORATION
SB1700048 / CONSTRUCTION
Drill and construct three 6 inch diameter dewatering wells within 12 inch boreholes to 70 feet below existing grade via mud rotary drilling methods. Drill and construction 2 - 2 inch diameter observation wells within in 8 inch boreholes to 60 feet below existing grade via mud rotary drilling methods. All drill spoils will be contained, tested and disposed of per DOEE regulations.
2 I ST SE   
12/27/16 
MCDONALDS CORPORATION / MCDONALDS CORPORATION; ECS MID-ATLANTIC LLC
SB1700081 / CONSTRUCTION
ECS proposes the installation of six soil borings to a maximum depth of 30 feet below ground surface. Each boring will be completed with a Geoprobe drill rig and grounted following installation using a DOEE approved grount mix.
28 K ST SE   
12/28/16 
23 LLC / RELATED COMPANIES; ACCUPERMIT LLC; ACCUPERMIT LLC
SG1700100 / CONSTRUCTION
Sign / mural to be on west elevation of new commercial building at 28 K Street SE. Temporary only for 12 months.
100 M ST SE   
12/28/16 
SQUARE 743 INC / null
E1702426 / SUPPLEMENTAL
1200 NEW JERSEY AVE SE 20024   
12/30/16 
JBG/FEDERAL CENTER LLC / CARL E HAGER
E1702487 / SUPPLEMENTAL
   
01/04/17 
JBG/FEDERAL CENTER LLC / null
P1702555 / SUPPLEMENTAL
1244 SOUTH CAPITOL ST SE   
01/05/17 
EXTREME STEEL CRANE AND RIGGING
AH1700321 / CONSTRUCTION
PLACE CRANE ON S. CAPITOL STREET TO PUT TOWER CRANE UP.
385 WATER ST SE 20003   
12/28/16 
FC 385 WATER LLC / STEPHEN J. EXELBERT
P1702437 / SUPPLEMENTAL
AH = After Hours; B = Alteration & Repair; D = Demolition; E = Electrical; FB = Boiler; M = Mechanical; P = Plumbing and Gas; PC = Post Card; R = Raze; SG = Sign; TL = Tenant Layout; TN = Tent; RW = Retaining Wall;

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