You might recall that for a weekend last year, the corner of 17th Street and Rhode Island Avenue, Northwest, was briefly transformed into the District’s largest pool, thanks to an epic water-main break. But at the ribbon-cutting Tuesday afternoon for 1200 17th Street—a 170,000-square-foot building developed by Akridge and Mitsui Fudosan America—everything was nice and dry.
The law firm Pillsbury Winthrop Shaw Pittman will take over five of the 11 floors, and part of a sixth, by January 2015 (the firm is relocating from the West End). That leaves 68,000 square feet still available for lease, if you can afford about $80 per square foot.
“Maybe 10 to 15 buildings can command that,” says Gregory Tomasso, a vice president and managing director of Akridge’s leasing team.
So what does Akridge say makes this one worth it? Its location between Dupont and Logan Circles and downtown, to start. It also boasts views of the Washington Monument and Jefferson Memorial, and an efficient layout that Benjamin Meisel, another VP of leasing, says will allow Pillsbury to shrink from its current 180,000 square feet to 105,000.
Find Marisa M. Kashino on Twitter at @marisakashino.