A renovation is much more complex than a ground-up construction project, and the redevelopment of this building we’re standing in has been perhaps the most challenging – and gratifying – of them all.
When this property was originally built in 1899, its grandeur was meant to signal to the rest of the country that Pennsylvania Avenue was America’s Main Street. A full city block in the heart of Washington, D.C., you didn’t have to be a visionary to see the potential, despite the fact that in recent years, time has taken its toll on this national treasure.
In 2011, the Old Post Office was considered the most sought-after redevelopment opportunity in the country, and my father and I fought hard against the largest hotel companies and developers in the world to win the deal. Over the course of eight months, our team worked nonstop to study the building and strategize the best approach to restore it to its full potential – and then some.
After an exhaustive evaluation process, we were ultimately awarded the deal by the United States government. We were selected by a panel of judges based on criteria that included our vision for the property, the strength and experience of our development team, our company’s financial wherewithal, our track record, and our plan to bring vibrancy to Pennsylvania Avenue.
One of the reasons I love real estate – a passion inherited from my father – is because at the end of years’ hard work, there exists a tangible validation of your efforts and the efforts of so many people. My father trained my siblings and me to see things not for what they are, but for what they can be. This is a great example of that. It’s been a gift he has had his entire life.
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