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March 5, 2008

We'll be holding a bunch of exciting events over the next few months. Interested in sponsoring?  Send us an email:  EventSponsorships@Bisnow.com


We just got back from the Mayor's press conference two hours ago announcing that National Public Radio will move from its current Mass Ave HQ to NoMa.  NPR bought the old 165k SF Chesapeake & Potomac Telephone Company warehouse from J Street Development. The space, which sits at 1111 North Capitol Street, will be converted into a 400k SF office building. 


NPR CEO Ken Stern, center, stands with the Studley team that helped find the space. Studley's David Perlstein, Art Greenberg, Vernon Knarr, and Julie Rayfield. Vernon and Julie happen also to be husband and wife—and Julie is also working on the biggie DoJ lease that's going to be announced any minute.


J Street Development's Jay Bothwell, NoMa BID president Liz Price, and J Street founder Bruce Baschuk.  J Street planned the Class A office redevelopment of the historic warehouse that preserves over 78k SF including the original fa?ade and melds it with a new 10-story office tower. Though a developer hasn't been chosen yet, Jay says J Street would be "happy to continue working on this project."  We bet they would.  


We snapped this pic of the C&P warehouse on our drive back to the office. The building that currently serves as warehouse space for the Smithsonian will eventually house all 600 NPR employees, with occupancy planned for late 2011 or early 2012. The space will include a 60k SF newsroom which CEO Stern says he hopes to be the biggest in the DC area.


Mayor Fenty, right, a couple hours ago with District Director of Property Management Robin-Eves Jasper, Rep. Eleanor Holmes Norton, and Deputy Mayor Neil Albert. Hizzoner says DC plans to sweeten the deal by agreeing to a 20-year tax abatement and new streetscape improvements around the site, which is across from the District's new $700M Northwest One New Communities project. He says NoMA is poised for 20M feet of new development, including thousands of condos and apartments, several hotels, retail and high-end grocery.  And DoJ?  Stay tuned.

Reznick Group
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