June 21, 2007

PNC to Build New Regional HQ in DC

The Story:
--- PNC, wich own Riggs Bank, plans to build a new HQ building at 17th and H Sts., NW. The planned 350K sf building will replace existing structures. The expectation is that the building, which will house PNC and other tenants, will be ready to go in 2010.

Bubble View:
--- PNC easily could have used this opportunity to relocate to Bethesda or Arlington. So Kudos to them for staying in the city. But that hardly would be fitting of the most important bank in the most important city in the world, as their slogan used to go.
--- Replacing the old Riggs buildings on 17th St. will surely help bring the area Farragut Square area, blocks from the White House, as DC's most prestigous and impressive.

Link: WashBiz

7 comments:

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Dominik Bjegović said...

Is it really true that he owns Riggs Bank?

Best,
Dominik Bjegović

Jaipur Property said...

i am really true that he owns Riggs Bank?

Home Loan Modification said...

Good news !

Property in jaipur said...

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