Real Estate

A Look at Fannie Mae’s New 15th Street Headquarters

Before you know it, the old Washington Post building at 1100 15th Street, NW will be the shiny new home of Fannie Mae. Permits were approved for foundation-to-grade work on the new building. The old Washington Post site is now ready for digging and foundation construction.

Congressional House multifamily makeover H Street NE Whole Foods and Fannie Mae HQ lead permits Washington Business Journal

When finished, the project will be a massive 840,000 sq. ft. building that will cover 12 stories. The exterior will be a design consisting mainly of metal and glass.

Fannie Mae will take delivery of the building sometime around the end of 2017. Fannie Mae will be paying approximately $38 million per year in rent. Some say this is the “biggest private sector lease in DC history.” They’ll be paying about $50.53 per square foot when it goes live, about a $10/foot discount off of the average for premium Class A office space in DC. The deal includes a year of free rent.

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