Fannie Mae’s former headquarters may become a shopping center, condos

Sekisui House, one of Japan’s largest developers, plans on purchasing and redeveloping Fannie Mae’s headquarters at 3900 Wisconsin Avenue NW. UrbanTurf reported that the developer hopes to restore the 60-year-old, approximately 430,000-square-foot property and create a shopping center and luxury condos.

The developer is expected to partner with Washington, D.C.-based Roadside Development to pay for the $176 million site. Out of the total price, Sekisui House is expected to pay $88 million.

Fannie Mae will eventually move to 1150 15th Street NW, where The Washington Post was formerly located. Fannie Mae will lease 85 percent of the planned 1.25 million-square-foot development.

For a preview of what Fannie Mae’s next headquarters will look out, check out the renderings in this Curbed DC article.

• Shopping Center and Luxury Condos Slated for Fannie Mae’s Old Headquarters [UrbanTurf]