Federal Government Policy and Business

GSA offers real estate for developer services

Federal Times: The General Services Administration is flexing its exchange authority muscles in a bid to consolidate 1,500 employees and renovate historic buildings at no direct cost to taxpayers. GSA issues a request for proposals requiring developers to outline the construction and development services they would provide for the project. In exchange, the chosen developer will get two buildings at Federal Triangle South in southwest Washington, D.C.

“The Federal Triangle South project is a good example of how GSA’s exchange authority benefits all parties involved,” said Darren Blue, public buildings commissioner in GSA’s National Capital Region. “GSA will get much needed construction development services at no costs to taxpayers; the private sector developer will get two pieces of prime Washington, D.C. real estate, and the city will get a mixed-use development that supports its vision for a sustainable community stretching from the National Mall to the Southwest Waterfront.”

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