Monument Realty and its investment partner, New York-based Angelo, Gordon & Company, has announced that it has signed an agreement with the National Association of Broadcasters (NAB) to develop its new headquarters facility at One M Street in the Capitol Riverfront.
One M Street, located on the corner of M and South Capitol Streets, SE, will be a 10 story, 130,000 SF office building with a conferencing center occupying the top two floors. It will have unobstructed views of the U.S. Capitol as well as spectacular views to Washington's monumental core. HOK is the building architect.
"The NAB relocation from Dupont Circle has established another milestone along the Capitol Riverfront's development trajectory," said Michael Stevens, president of the Capitol Riverfront BID. "Not only will one of the most prestigious associations in the nation's capital call the Riverfront home, but the NAB is committing to our future as a thriving business center with a resounding investment in a headquarters' purchase."
Construction of the building will commence in spring 2016 and will be completed in fall 2018. Monument will also construct a 180,000 SF residential building adjacent to the NAB building. The residential building, designed by Gensler, faces South Capitol Street and will feature a roof top pool, fitness center, community lounge and other high-end amenities. Both buildings will be constructed at the same time.
