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WaPo to Sell Off its Home - Relocate to the 'Burbs
 Graham Holdings, the former parent of The Washington Post, has reached a deal to sell the newspaper's longtime headquarters at 15th and L streets NW to Carr Properties for $159 million. The newspaper, now owned by Amazon founder Jeffrey P. Bezos, will continue to rent space in the building until it identifies a new headquarters location, a search that began before Bezos bought the paper.Sure. There's an old strip mall on Jeff Davis Highway near Fredericksburg that should work... The Post's editorial and business operations occupy the building, about four blocks north of the White House. The Post also once printed newspapers in the building, but after readership started shifting to the suburbs in the 1970s and '80s, it ceased printing on the downtown presses in 1999. And the next logical step would be to cease printing entirely! O.T. Carr III, president of Carr Properties, has said in the past that the Post headquarters, located a few blocks from the booming apartment corridor on 14th Street, would make sense as a mixed-use project. Historic preservation groups decided not to nominate parts of the properties as historic landmarks, removing a possible barrier to redevelopment. Too bad; not even a historic structure worth saving! Post Publisher Katharine Weymouth told employees in February that she had begun exploring the sale of the headquarters and relocating, saying the goal was to "give us a more modern, bright, open and efficient building that better supports and advances our mission into the future." Of course. And smaller. Much, much smaller... Graham Holdings has been jettisoning real estate now that it no longer owns the Posted by: Bobby 2013-11-28 |
| http://www.rantburg.com/poparticle.php?ID=380589 |