D.C. commits to $400 million on vacant SE property

The District will spend upward of $400 million over the next two decades to purchase, redevelop and occupy a cavernous former printing plant in Southeast that it has rented, but done nothing with, since 2007.

The city agreed to rent 225 Virginia Ave. SE, a vacant building near Nationals Park, in late 2006. The D.C. Council recently approved a 20-year, $174.4 million lease with developer StonebridgeCarras LLC, which will overhaul the property to house three government agencies.