200 I Street SE Project
This project was redevelopment the long vacant Washington Star printing plant at 200 I Street, SE, formerly known as 225 Virginia Avenue, SE, as tenant space for various District agencies.
Previously, this large property in the Capitol Riverfront area was redeveloped as a data center, but the property was never occupied. The District originally leased the property for MPD functions but redevelopment costs proved too high to justify under the lease agreement.
In a bold move, the building was purchased by the District in 2009. Stonebridge Carras redeveloped the property through a lease-leaseback transaction, saving District taxpayers more than $60 million over the previous arrangement and providing the District with unencumbered ownership of the facility at the end of a 20-year lease.
Providing Agency: Department of General Services
Actual Budget: $110 Million
Won Several Construction and Real Estate Industry Awards
Current District Agencies in the Building
- Child and Family Services Agency (CFSO)
- Office of the Chief Technology Officer (OCTO)
- DC Commission on Arts and Humanities (DCCAH)
- Office of Motion Picture and Television Development (MPTD)