The university is considering purchasing space in a 2.2-million-square-foot building that will be constructed adjacent to the Georgetown Law Center in downtown D.C.
Property Group Partners, a D.C.-based development agency, unveiled plans for the building, to be called Capitol Crossing, at a press conference Monday night. The 7-acre development will be located alongside I-395 near Capitol Hill and include retail, living and office space.
Robert Braunohler, regional vice president of PGP, said that the likelihood of Georgetown purchasing property in the development is high.
“I think there’s a good chance … [but] we haven’t reached the point of negotiations,” he said.
According to university spokeswoman Stacy Kerr, the site is one of many Georgetown is considering purchasing. Kerr would not confirm what the space would be used for if the university decides to buy part of the building.
PGP President Jeffrey Sussman said that purchasing space in the building would be a logical step for the university toward expanding classroom space at the Law Center.
According to a PGP press release, the development will be the first US Green Building Council LEED Platinum-certified development of its kind in the United States.
Current plans have the Law Center and the development integrated into a six-block area that would operate independently from the D.C. power grid, instead using renewable energy sources.
“We’re in discussions with the Law Center folks to have connections with the water system and the cogeneration plant,” Braunohler said.
Braunohler added that the project has been well-received by the city and the university.
“Georgetown has been very supportive,” he said.
Sussman said that the agency expects to complete architectural and engineering drawings in the next 12 months and is set to begin construction on the building around June 2013.
Arthur Santry, senior managing director of leasing agency Cassidy Turley, estimated that the project will be completed in the next three years.
Regardless of whether Georgetown buys into the property, Sussman said he looks forward to having the Law Center as a neighbor.
“We thought the Georgetown Law Center was an attractive neighbor because … it’s a 24-hour community,” he said.