Wednesday, March 6, 2013
The auction closed Wednesday.
The General Services Administration's (GSA) West Heating Plant auction finally ended Wednesday, more than two week after the soft close date, with a winning bid of $19.5 million. The opening bid for the 2-acre lot and 20,000 square-foot building at 29th and K Streets, NW was $500,001. Though the auction opened Jan. 18, the first bid did not appear until Feb. 14. The soft close for the auction was 5 p.m. on Feb. 19, but the auction was set up to not officially end until 24 hours went by without a new bid. The last unchallenged bid came in Tuesday and the alotted 24 hours expired mid-day Wednesday. Bidding was anonymous and the winner, Anonymous Bidder #2, is unknown. The GSA previously said it would release the identity of the winner after …
Friday, February 22, 2013
New bidders have joined the fray and the price increases daily.
The auction of the West Heating Plant in Georgetown is far from over days after the soft close of the General Services Administration eBay-style auction of the 2-acre lot and 20,000 square-foot building at 29th and K Streets, NW. Though the soft close for the auction was 5 p.m. on Feb. 19, the auction will not officially end until 24 hours go by without a new bid. Since Tuesday, 13 new bids have slowly pushed up the going price. A new bid must be at least $200,000 more than the previous bid. By the end of the day Thursday, the winning bid had jumped to $11.5 million, up from $6.95 million that morning. Anonymous Bidder#05 was in the lead Thursday evening, having joined the fray Wednesday, a day after the auction was potentially set to …
Wednesday, December 19, 2012
The starting bid in General Services Administration (GSA)'s auction is $500,000.
The General Services Administration (GSA) will start its online eBay-style auction Jan. 18 for the Georgetown West Heating Plant. Interested parties must submit a registration deposit of $500,000, which is also the starting bid. The auction closes at 5 p.m. Feb. 19, though GSA reserves the right to a possible auction extension. The West Heating Plant, a 20,000 square-foot building on a 2-acre lot, is a surplus federal property on 29th Street, just north of K Street, NW in Georgetown. For almost a year the GSA has been in the process of disposing of the property, which is one of the biggest swaths of land left for large development in Georgetown. The building offers expansive views of the Potomac, the monuments, downtown and of Georgetown …
Monday, October 8, 2012
Jones, Lang, LaSalle is marketing the surplus federal government property, the West Heating Plant.
Industry representatives interested in throwing their hats in the ring for the West Heating Plant site, will have an opportunity to learn more about the auction at an Oct. 25 meeting. The General Services Administration, which is overseeing the sale of the excess federal property on 29th Street just north of K Street, NW, secured the services of Jones, Lang, LaSalle for marketing the property. The property description on the brokerage company's specialized website for the West Heating Plant (www.georgetownheatingplant.com) boasts: "Located in Georgetown, one of Washington D.C.’s oldest and most exclusive neighborhoods, the Georgetown Heating Plant presents a rare opportunity to acquire an asset with unparalleled redevelopment potential. …
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1051 29th St NW, Washington, DC
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Thursday, September 20, 2012
Community leaders will meet to discuss the site's future.
The General Services Administration now plans to auction off the West Heating Plant beginning on an undetermined date in November, according to The Washington Post. Behind the scenes, the delays in the auction have given neighbors and city agencies the opportunity to continue to discuss and plan the future of the surplus federal land and building at 29th and K Streets, NW adjacent to Rock Creek Park and the C&O Canal. Georgetown civic groups and Ward 2 Councilman Jack Evans are lobbying for zoning restrictions and possibly a set-aside of park land on the federally-owned property. The Citizens Association of Georgetown (CAG) and the Friends of the Georgetown Waterfront Park (FOGWP) requested that future development on the site be limited to…
Monday, July 30, 2012
Comments on the sale of the large federal property are due August 29.
The General Services Administration (GSA) released an environmental assessment (EA) of the West Heating Plant sale, finding that a new development that would potentially include 181 new residential units and as much as 181,210 square feet of commercial and retail space would generally have minor or moderate impacts in both the long-term and short-term on the surrounding community. The West Heating Plant is a surplus federally-owned property at 29th and K Streets NW adjacent to Rock Creek Park and the C&O Canal. GSA plans to sell the property in an online auction this fall. Federal agencies are required to evaluate the potential impacts such a sale may have on the human environment. Currently, the property is not zoned, meaning there is no…
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1051 29th St NW, Washington, DC
/articles/gsa-releases-west-heating-plant-environmental-asessment
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Thursday, July 5, 2012
The West Heating Plant borders Rock Creek Park and the C&O Canal
Neighbors are lobbying the General Services Administration to place restrictions on the auction of the West Heating Plant in order to protect adjoining park lands and to prevent the new owner from building any new structures. The West Heating Plant is a federally owned property at 29th and K Streets NW adjacent to Rock Creek Park and the C&O Canal. It is scheduled for auction this fall. "It could be a true disaster for Georgetown," said Steve Crimmins, a neighboring property owner. His fear is that the auction winner will want to recoup the costs of being the highest bidder by maximizing the development of the site. Crimmins said the existing 13-story structure is already a monolith and any additional development would severely impact …
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-77.058047
1051 29th St NW, Washington, DC
/articles/neighbors-lobby-for-park-land-low-density-at-gsa-site
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Tuesday, June 19, 2012
Congressional hearing raises questions about timing and efficiency in sale of surplus federal buildings.
The West Heating Plant will most likely be zoned as W-2 to allow a mixed-use development on the surplus federal property once it is sold at auction later this year. Unfortunately for curious Georgetowners, that was one of only a few substantial tidbits gleaned Tuesday from a congressional subcommittee hearing on the the General Services Administration (GSA) sale of excess federal properties. Monday the GSA hung giant banners on the side of the building announcing the impending sale of the property, which is expected to go to auction in late September. GSA is seeking a brokerage firm to help market the property and hopes to close on the sale before the year's end. The subcommittee on Economic Development, Public Buildings and Emergency …
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-77.058047
1051 29th St NW, Washington, DC
/articles/mixed-use-development-likely-for-west-heating-plant-site
/locations/7261403
Congressional subcommittee pushes for sale of federally-owned Georgetown property.
A congressional subcommittee is using the West Heating Plant in Georgetown as an example—an example of how the General Services Administration's (GSA) "poor management" is "bleeding the taxpayers," according to a news release about the event. The subcommittee on Economic Development, Public Buildings and Emergency Managements will hold a public meeting at 10 a.m. at the West Heating Plant — the federal property on 29th Street just north of K Street in Georgetown. Get daily and breaking news email updates from Georgetown Patch by signing up for newsletters here. "Sitting on Our Assets: The Georgetown Heating Plant" features just one witness: Mr. Flavio Peres, the deputy assistant commissioner for Real Property Utilization and Disposal at …
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1051 29th St NW, Washington, DC
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Saturday, June 16, 2012
Congressional sub-committee plans hearing June 19 at the plant
Congresss is growing impatient with the General Services Administration (GSA) over the sale of the West Heating Plant — the federal property on 29th Street just north of K Street in Georgetown — and plans a hearing in next week to urge action, according to the Washington Post. Though the GSA had hoped to hold an EBay-style auction of the property by late summer, that timeline was recently pushed back until the fall. The Washington Post reports that the subcommittee on Economic Development, Public Buildings and Emergency Managements, chaired by Rep. Jeff Denham (R-Calif.), "has held hearings at the Old Post Office pavilion and the Cotton Annex to prompt action on those properties." Tuesday's hearing, aptly called "Sitting on Our Assets: …
38.90258
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29th St NW & K St NW, Washington, DC
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Thomas H Walker
9:41 am on Monday, September 24, 2012
Funny how taxpayers want the Government to get the most from their unused assets in a sale until that sale involves them. Then all of a sudden the correct answers is the Government should provide the asset for free parks, etc and forgo the financial benefit to the taxpayers of highest and best use. more ›