In my relatively short period writing this blog, I’ve already posted several items about 1000 Connecticut Avenue. The address sits at the corner of Connecticut and K Streets. It’s right across from the Farragut North Metro Station. And, for a noticeable period of time now, it’s been just a vacant lot, the former home of several demolished old buildings. Due to a lack of financing, the project stalled. Then, the Washington Post wrote an article about how the location could be turned into a parking lot for a while:
Citing the economic downturn, a developer has sought the District’s permission to turn one of the city’s prime parcels into an aboveground parking lot, at least temporarily.
The developer demolished two office buildings at the intersection’s northwest corner this year after winning D.C. approval to replace them with a 12-story office complex designed by the architecture firm founded by I.M. Pei.
A consortium of lenders led by Chevy Chase Bank agreed Wednesday to provide $194 million in construction financing for the Pei Cobb Freed & Partners-designed building that will house D.C. law firm Arent Fox LLP. The building will sit in a prominent location at the corner of Connecticut Avenue and K Street NW.