I told you I’d keep tabs on interesting stories on the Carlyle/Eisenhower East neighborhood when this blog expanded. The Washington Business Journal has named the National Science Foundation’s move to Alexandria, Virginia as the ‘Deal of the Year’ for 2013.
The National Science Foundation’s search for a new headquarters in Northern Virginia was as intense as they come, pitting developers and county officials against each other for one of the largest federal leases since the Patent and Trademark Office left Crystal City for Alexandria in 2005.
When the dust had settled, the General Services Administration had selected Hoffman Development’s Hoffman Town Center along Eisenhower Avenue in Alexandria as the NSF’s new home over its longtime home at Stafford Place in Ballston. The June 2013 decision was seen as a real estate bellwether, signalling the federal government’s shift away from more expensive neighborhoods and forcing jurisdictions to rethink how they do business with the feds.
The decision was a major win for Alexandria officials, who had lobbied heavily for the agency because of the potential economic boom. The NSF has more than 2,100 employees, contractors and scientists, generates about 60,000 hotel room nights a year and is expected to generate $51 million in new tax revenue for the city over the next 15 years.
Read more at this link.