After unsuccessfully trying to swap several parcels in “Federal Triangle South” in exchange for construction services elsewhere in the city, GSA has changed course and decided to auction individual buildings, starting with the Cotton Annex at 300 12th Street. The Cotton Annex is a six-story building constructed in 1937 for use by the U.S. Department of Agriculture and sits on a 1.41 acre site. It is an 118,000 SF building with a large parking lot on the east side. In 2015, GSA applied for the building’s designation on the National Register of Historic Places. According to the historic designation application, the building is split into an “L” shaped administrative wing and a rectangular warehouse. The pending historic designation could limit how the building is repurposed, but zoning allows for mixed use development.
The Industry Day/Tour will be held today from 10am to 1pm and the auction will start on December 1 with a starting bid of $5 million.
Photo courtesy of GSA