The United States Postal Service has signed a contract with local developer EastBanc to sell the historic Georgetown post office building on 31st Street, as first reported by the Washington Examiner. The property is valued more than $4.5 million; the U.S. post office stays.
Anthony Lanier, president of EastBanc, said a post office will remain on the first floor of the 19th-century building which is listed on the National Register of Historic Places.
The sale to EastBanc has been years in the making. EastBanc’s design and use for the building was reviewed by the local Advisory Neighborhood Commission, the Old Georgetown Board and D.C.’s Board of Zoning. Future use of the post office building calls for offices, a back addition with much of the new space below grade, according to the Georgetown-Burleith ANC.
Lanier’s EastBanc group owns and has redeveloped almost 60 retail buildings along M Street or Wisconsin Avenue. It is known for its development of Cadys Alley and the adjacent stores. Another EastBanc development is in the works for condos on Wisconsin Avenue to be built on the Verizon parking lot between the C&O Canal and Grace Church.