WASHINGTON — The former National Bank of Washington building, which had for many years been the proposed site of a museum dedicated to the Armenian Genocide, was sold last week by the Cafesjian Family Foundation for $57 million to Lincoln Property Co.
The historic building, a blight on the resurgent downtown for years, will be turned into a glittering office building.
The partners plan to start work on the trophy office development in the fourth quarter of 2017, Lincoln Property said in a release. The new building, to be branded as 699 Fourteenth, is slated for completion in the fourth quarter of 2019. Lincoln Property will oversee the project’s development, leasing and management.
