Johns Hopkins University recently purchased the Newseum building – located at 555 Pennsylvania Avenue. The Newseum, a popular museum dedicated to media and press, placed the property on the market in 2018.

Hopkins made the purchase for $372.5 million to relocate its School of Advanced International Studies and to merge the existing Hopkins buildings located on Embassy Row in Washington, D.C. to create one combined D.C. campus for the Baltimore-based institution. Transforming the museum into an academic space for all Hopkins’ DC-based buildings will be a large undertaking – with construction scheduled to end around 2023.

Businesses in the adjoining neighborhood, which is a stone’s throw from the Capitol complex, should anticipate an uptick of over 3,300 staff and students once the new campus opens – likely boosting foot traffic and real estate costs.

If you have any questions about this or any other Labor and Employment topic, please contact me at tstringham@offitkurman.com or 703-745-1849

ABOUT THEODORA STRINGHAM

tstringham@offitkurman.com | 703-745-1849

Theodora Stringham assists individuals, businesses, and organizations with growing successfully while minimizing liability. Focusing on real estate and personnel needs, Ms. Stringham executes sustainable plans for real estate development and employee matters. She provides comprehensive representation for everyday growth issues, including, but not limited to, re-zonings, site plan approvals, eminent domain/valuation concerns, employment discrimination, and disciplinary issues. Ms. Stringham’s scope of representation ranges from identifying potential liability and providing counseling/trainings, all the way through representation at trial.

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