Watergate is Back Off Market
30 05 2008We just got word that the commercial section of the Watergate complex has finally been pulled off the market after the property attracted little interested from potential buyers. The section of the complex was bought by BentleyForbes in 2005 for $90 million and includes the Soviet Senior Safeway as well as the site of the famous Nixon burglary.
The Watergate Hotel and the COOP Condos lived in by Condi Rice and Bob Dole are owned seperatly and were not included in the failed sale. It seemed obvious that they would be unable to sell the commercial space at an acceptable price in the current market. The real question though is when will Monument Realty get their act together and get moving on the refurbishment of the currently closed Watergate Hotel tower. That’s prime property that is just sitting around empty.
I thought the Safeway at the Watergate complex was known as the “Senior Safeway,” rather than the “Soviet Safeway” (which is the name commonly used for the Safeway at 17th and Corcoran Streets NW.
Yeah, Soviet Safeway is the 17th/Corcoran NW one; the one at the Watergate is known as Senior Safeway, GW Student Safeway, or simply, Watergate Safeway.
I second hiya’s correction.
Yeah our bad… blame the mixup on our alzheimer’s
(please except our apology in advance)