Several real estate companies have submitted bids to build a new, consolidated headquarters for the FBI and redevelop the current J. Edgar Hoover Building in Washington, the New York Times reported Tuesday.
Eugene Meyer writes the General Services Administration will select five companies for the next round of competition, which requires cost proposals for the potential new sites in Greenbelt and Landover in Maryland and Springfield, Virginia.
Bidding requirements target developers with at least $1 billion in liquid assets, and a large upfront capital could be needed for the project as the Hoover site will not be turned over for redevelopment until the new headquarters is done, the report said.
The companies that have submitted bids include:
- Lerner Enterprises, Silverstein Properties, Tishman Construction and Clark Construction
- Boston Properties, Hensel Phelps Construction, Gensler and Weidlinger Associates
- The Peterson Companies and team
GSA will announce the chosen developer and location in mid-2016, Meyer reports.
The consolidated facility will cover an area of 2.1 million square feet and house all 11,000 employees of FBI headquarters as part of GSA’s efforts to cut costs and bolster workplace efficiency.
Meyer reports that the Hoover building houses 52 percent of headquarters personnel while the rest work from 20 leased offices at $150 million annual rentals.