Democratic Senatorial Campaign Committee, Inc.
Karchem's Role: Development Management
For: Democratic Senatorial Campaign Committee, Inc.
Size: 14,000 SF
Budget: $6 million
Schedule: Fast Track, substantially completed in 16 weeks
Karchem Properties was initially hired to conduct due diligence on two properties that had been selected by the DSCC and its broker for the new DSCC headquarters. Negotiations for the acquisition and rehabilitation of these two buildings failed as result of the Owner's inability to meet the DSCC space requirements and schedule.
Working closely with the DSCC and its broker, we evaluated suitable properties located near the Senate side of Capitol Hill. It was decided DSCC would acquire 120 Maryland Avenue, NE and a property just behind it, 119 Constitution Avenue, NE. To provide additional space, DSCC leased 122 Maryland Avenue, NE.