The American Medical Association plans to construct a 12-story office building on a one-third-acre site bounded by Vermont Avenue, L and 14th streets NW.
The $2.9 million site inclues a 50-year-old office building, a Chinese restaurant, a nightclub, a liquor store and a small hotel.
The acquisition price of the 15,400-square-foot site was announced as $194 per square foot.
Dr. James H. Sammons, executive vice president of the Chicago-based AMA, said the association plans to occupy the top floor of the new building, relocating its present Washington office from 1776 K St. NW. Other floors of the new building will be leased to tenants, some of them expected to be in medicine.
The building will be known as 1101 Vermont Avenue. It was designed by architect Vlastimil Koubek & Associates of Washington who included a corner driveway at Vermont and L, a wide plaza and plantings. Commercial space will be provided on the ground-floor level, and there will be underground parking in the 150,000-square-foot building that is expected to cost approximately $12 million.
C. Duke Brannock, who arranged the assembly of the puchased site and whose firm will handle leasing and management for the building, said that the site choice represents a significant move farther east of 15th Street as one of the first new buildings to have frontage along 14th Street south of Thomas Circle.
Existing buildings are scheduled to be razed in September, prior to January start on construction.
Three other new office buildings with a total of more than 800,000 square feet of space are currently under way at or near the intersection of Vermont and L streets, in the southwest quadrant of Thomas Circle. A 15-year-old office building is situated just north of the AMA site, on Thomas Circle. CAPTION: Picture, The American Medical Association will build a 12-story office complex on the block of L Street NW to the left in picture. By Joel Richardson - The Washington Post