Akridge Applies for Permit to Demolish 1200 17th St.

Akridge has applied for a permit to raze the 8-story office building it recently purchased at 1200 17th St. NW, and replace it with a greener office building.  Architectural firm ZGF will design the new structure.

The development company bought the property from the National Restaurant Association with partner First Potomac for $39.6 million last October, and plans to spend $100 million to build a 170,000 s.f. office building on the site. Developers hope to achieve a LEED rating on the new building.

According to the Business Journal, the companies hope to open a new building by 2014, a date that would require demolition to begin soon.

Don Morris, senior project manager of Balfour Beatty Construction, says the developer will scrape the site and erect an entirely new building in its place.  The current building dates to 1964.

Washington, D.C. real estate development news