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What the sell? Feds hang ‘For Sale’ sign on unconventional properties
As part of Federal News Radio special report, Rise of the Money People, Federal News Radio takes a deep-dive look into the properties owned by the federal gover...
The six-story Art Deco building located in the Georgetown neighborhood of Washington, D.C., went for a cool $19.5 million in an online auction. The massive brick building, which has stood mostly vacant since 2000, had long served as a poster child for the difficulties faced by the federal government in disposing of excess properties.
The development team that submitted the winning bid includes the Four Seasons hotel chain, and plans to turn the building into condominiums.
Photo: GSA
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Sunset view of Bear Creek Canyon from Mount Lowe Trail
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