The National Association of Broadcasters has wanted to move its headquarters closer to Capitol Hill for some time and now the broadcast trade lobby says it’s closed on a location on the Capitol riverfront.
It’s entered into an agreement with Monument Realty to purchase upon completion a new building with a scheduled move-in by fall of 2018.
We had reported that NAB wanted easier access to the Capitol for both its lobbyists and lawmakers. The new headquarters will be located at the corner of South Capitol and M Streets in Southeast Washington.
The building will be one mile from the U.S. Capitol building and two blocks from the Washington Nationals baseball stadium. It’s also a block from a subway stop.
“The new building will be a showcase venue for radio and television stations, and will send a strong message to public policymakers on the vibrant future of local broadcasting,” says NAB President/CEO Gordon Smith.
NAB anticipates proceeds from the sale of its current building in Northwest Washington will help finance the new headquarters and it expects to break ground on the new structure next spring. Monument Realty retained HOK to design the building. Plans call for a curved façade facing M Street with a view of the Capitol, along with a 100-seat theater for receptions and other special events.
Built in 1969, NAB’s Dupont Circle headquarters currently houses some 150 employees.