From Allison Acosta. Email her at allison[AT]borderstan.com.
The Washington Post reports they are considering a move from their downtown headquarters at 15th and L Streets NW. The Post has chosen two firms, Studley and JM Zell Partners, to advise them as they decide whether to sell the property and relocate to a “more modern, bright, open and efficient building.”
The Post Co.’s offices have been located at 1150 15th Street since 1950. For decades, The Washington Post was printed inside the downtown headquarters but, as the paper’s readership shifted to the suburbs, the Post Co. opened presses in Maryland and Virginia, and stopped printing papers downtown.
The newsroom at the Post reached iconic status when filmmakers recreated the fifth floor of the building for the 1976 film about the Watergate scandal, “All the President’s Men.” In recent years, the newsroom’s staff size has been significantly reduced as circulation and advertising revenue has declined.
The Post owns several properties on the block, including 1515 L Street, 1523 L Street, and 1150 15th Street, as well as the land at an 1100 15th Street building that is currently for sale. It’s possible that all the properties could be sold to one developer for a large-scale project.