The monolithic concrete building would be demolished and replaced with a 950,000-square-foot glass office building developed by New York-based JMC Holdings.
The building, dubbed 1501 Penn Ave., will include 13 floors and 520,000 square feet of office space.
There will be room for 900 cars in the lower portion of the building and 17,000 square feet of retail at ground level. This will include a bike shop, a “cycle cafe” and a bike parking and maintenance facility.
The building will be LEED-certified, and designed by Brandon Haw Architecture of New York.
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