1090 Vermont Avenue
Encyclopedia
1090 Vermont Avenue NW is a high-rise modernist
office building in Washington, D.C.
, which is tied with the Renaissance Washington DC Hotel
as the fourth-tallest commercial building in the city (as of January 2010). The building is 187 feet (57 metres) high and has 12 floors
. It contained about 160,000 square feet (14,880 square metres) of space when it first opened, but only 150,000 square feet (13,905 square metres) by 1998. Internal build-outs increased the interior space to 187,000 square feet (17,391 square metres) by 2006.
Several small buildings and a surface parking lot
originally occupied the 14,927-square foot (1,388 square metre) site. The John Akridge Companies acquired the location in January 1979 for about $200 a square foot. The buildings and parking lot were razed, and construction began in the spring of 1979.
The John Akridge Companies designed and built the structure. The building was jointly financed by Akridge and Mitsui Fudosan America, the United States branch of the giant Japan
ese real estate firm Mitsui Fudosan
.
The building was largely completed in 1979. Although still under construction in April 1980, 90 percent of the building's space had already been leased. It had not yet been completed by May 1980, but internal construction ended later that year. The building has been described as "perfectly bland".
The building was one of five new structures built in the late 1970s which helped rejuvenate Vermont Avenue NW. Construction of the buildings marked the first time since the early 1970s that construction of new office buildings moved east of 15th Street NW rather than west. For many years in the 1980s, the building was managed by JMB Realty
.
The building lobby, common areas, and elevators were upgraded in 1995. In 1998, The John Akridge Companies obtained a $21 million loan from HypoVereinsbank
, a German
investment bank
, and used the cash to refinance its stake in the building. The cost averaged out to about $140 per square foot (0.093 square metres). Mitsui Fudosan America bought Akridge's stake in 1090 Vermont Avenue NW for $57 million in April 2007.
A 30-foot (9.15 metres) tall steel geometric sculpture titled "Sky Landscape" by sculptor Louise Berliawsky Nevelson
stands across the street. The $640,000 piece of art was dedicated in March 1983.
Modern architecture
Modern architecture is generally characterized by simplification of form and creation of ornament from the structure and theme of the building. It is a term applied to an overarching movement, with its exact definition and scope varying widely...
office building in Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
, which is tied with the Renaissance Washington DC Hotel
Renaissance Washington DC Hotel
Renaissance Washington DC Hotel is a high-rise skyscraper located in Washington, D.C., United States. Its construction was completed in 1986. The architect of the building was Smith-Williams Group, who proposed the architectural style of the building, which is postmodern. The building rises to ...
as the fourth-tallest commercial building in the city (as of January 2010). The building is 187 feet (57 metres) high and has 12 floors
Storey
A storey or story is any level part of a building that could be used by people...
. It contained about 160,000 square feet (14,880 square metres) of space when it first opened, but only 150,000 square feet (13,905 square metres) by 1998. Internal build-outs increased the interior space to 187,000 square feet (17,391 square metres) by 2006.
Several small buildings and a surface parking lot
Parking lot
A parking lot , also known as car lot, is a cleared area that is intended for parking vehicles. Usually, the term refers to a dedicated area that has been provided with a durable or semi-durable surface....
originally occupied the 14,927-square foot (1,388 square metre) site. The John Akridge Companies acquired the location in January 1979 for about $200 a square foot. The buildings and parking lot were razed, and construction began in the spring of 1979.
The John Akridge Companies designed and built the structure. The building was jointly financed by Akridge and Mitsui Fudosan America, the United States branch of the giant Japan
Japan
Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...
ese real estate firm Mitsui Fudosan
Mitsui Fudosan
, is Japan's largest real estate developer. Mitsui Fudosan is one of the core companies of Mitsui Group.-Corporate Structure:The company is organized into four divisions.*Office Building Division*Real Estate Solution Services Division...
.
The building was largely completed in 1979. Although still under construction in April 1980, 90 percent of the building's space had already been leased. It had not yet been completed by May 1980, but internal construction ended later that year. The building has been described as "perfectly bland".
The building was one of five new structures built in the late 1970s which helped rejuvenate Vermont Avenue NW. Construction of the buildings marked the first time since the early 1970s that construction of new office buildings moved east of 15th Street NW rather than west. For many years in the 1980s, the building was managed by JMB Realty
JMB Realty
JMB Realty Corporation is a real estate investment company based in Chicago that at one time was one of the largest property developers in the United States. The company was founded as Robert Judelson & Co. in 1968...
.
The building lobby, common areas, and elevators were upgraded in 1995. In 1998, The John Akridge Companies obtained a $21 million loan from HypoVereinsbank
HypoVereinsbank
UniCredit Bank Aktiengesellschaft is the sixth-largest private German financial institution, with a strong presence in Bavaria. The company is based in Munich, and together with Deutsche Bank, Dresdner Bank, Commerzbank and Deutsche Postbank, it belongs to the Cash Group...
, a German
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
investment bank
Investment banking
An investment bank is a financial institution that assists individuals, corporations and governments in raising capital by underwriting and/or acting as the client's agent in the issuance of securities...
, and used the cash to refinance its stake in the building. The cost averaged out to about $140 per square foot (0.093 square metres). Mitsui Fudosan America bought Akridge's stake in 1090 Vermont Avenue NW for $57 million in April 2007.
A 30-foot (9.15 metres) tall steel geometric sculpture titled "Sky Landscape" by sculptor Louise Berliawsky Nevelson
Louise Berliawsky Nevelson
Louise Nevelson was an American sculptor known for her monumental, monochromatic, wooden wall pieces and outdoor sculptures. Born in Czarist Russia, she emigrated with her family to the United States in the early 20th century when she was three years old. Nevelson learned English at school, as she...
stands across the street. The $640,000 piece of art was dedicated in March 1983.