WASHINGTON — Fannie Mae’s iconic Wisconsin Avenue address in D.C. has been awash to a collective adventure amid North America Sekisui House LLC (NASH) and Roadside Development for $89 million.
The affiliation says it envisions some anatomy of mixed-use redevelopment of the acreage that will accommodate residential, retail and appointment space.
NASH is a accessory of Japan’s better home-building company, Sekisui House Ltd. The District-based Roadside Development’s accomplished projects accommodate CityMarket at O in Shaw and CityLine at Tenley in Tenleytown.
“Our aboriginal footfall will be to absorb time with the association to see how the acreage can be bankrupt into the fabric,” Roadside’s Richard Lake said to WTOP. “There is McLean Gardens to the South, bartering development to the North, Sidewell Friends beyond the artery and esplanade abaft us.”
While the developers say alfresco ascribe will accept cogent access on the development plans, Lake said the ambition is for a mixed-use activity with a residential component.
“Residential makes a lot of sense. It’s a residential neighborhood. It will be added like a CityMarket with a mix of retail, residential and office,” Lake said
The accretion of the Fannie Mae address at 3900 Wisconsin Ave. includes the 228,000-square-foot architecture itself and 10 acreage of land. The address was congenital in 1958.
Fannie Mae will move to its new address at 1100 15th St. Northwest in about two years.
Roadside, which has an bearding banking pale in the collective affiliation with NASH, says the two achievement to activate the site’s redevelopment anon afterwards Fannie Mae relocates.
The address was one of three acreage sales for Fannie Mae.
Sidwell Friends has active an acceding to buy 3939 Wisconsin Ave. Northwest from Fannie Mae for $8.3 million. The 40,000-square-foot architecture abuts the Sidwell Friends campus. Fannie Mae will charter the architecture aback from Sidwell Friends until it moves to its new address downtown.
Separately, The Washington Post letters addition Fannie Mae building, at 4250 Connecticut Ave. Northwest, is actuality acquired by Bernstein Management for $24.8 million.
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