The new 10-story building willl be located at the corner of South Capitol and M Streets, SE, a “gateway” to the vibrant Capitol Riverfront section of Washington.It will be exactly one mile from the U.S. Capitol and two blocks from the Washington Nationals ballpark. Move-in is slated for early 2018.
The National Association of Broadcasters today entered into an agreement with Washington, D.C.-based developer Monument Realty and its investment partners, New York-based Angelo, Gordon & Co., to purchase a new headquarters in the Capitol Riverfront neighborhood of the nation’s capital, with a scheduled move-in by fall of 2018.
The group said the planned relocation of its headquarters is the culmination of a search for a location with easier access to Capitol Hill that will allow NAB to improve its advocacy efforts. The new headquarters building will be located at the corner of South Capitol and M Streets, SE, a “gateway” to the vibrant Capitol Riverfront section of Washington, DC. The building will be based exactly one mile from the U.S. Capitol and two blocks from the Washington Nationals baseball stadium.
“We’re thrilled that we have found a new home,” said NAB President-CEO Gordon Smith. “The new building will be a showcase venue for radio and television stations across America, and will send a strong message to public policymakers on the vibrant future of local broadcasting.”
Upon closing the purchase in early 2018, it is anticipated NAB will help finance the new headquarters through the sale of its current building. Built in 1969, that structure houses some 150 current NAB employees.
NAB’s proposed new building will be located in one of Washington D.C.’s hottest real estate areas, with convenient subway access a block away. It is anticipated that ground will be broken on the new headquarters in spring 2016.
Among the features in the new 10-story building will be a curved facade facing M Street, a rooftop terrace with a view of the Capitol, along with a 100-seat theater. Both the rooftop terrace and theater will be used for receptions and special events.
Monument Realty is the developer and CBRE’s nonprofit practice group brokered the transaction. Monument has retained HOK to design the building. NAB has selected Hickok Cole as interiors architect and MGAC as owner’s representative.