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Wednesday, February 08, 2012

Trump To Redevelop The Old Post Office Pavilion

One-time presidential candidate Donald Trump has found another way into Washington. The real estate mogul has won a competition to redevelop the Old Post Office Pavilion. The Trump Organization will convert the 12-story building into a luxury hotel. The building occupies a prime spot on Pennsylvania Avenue. It's listed on the National Register of Historic Places. It's under control of the General Services Administration. Somewhat dilapidated, the partially empty building houses a few federal offices. In 2008, Congress directed GSA to find a long-term lessee. The Washington Post reports, Trump has teamed with Colony Capital to invest $200 million in the 19th century structure.

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