Updated 8:21 p.m.
By Rob Stigile & Matthew Huisman
Covington & Burling is in talks to relocate its almost 500 attorneys to the new CityCenterDC development currently under construction, a firm spokeswoman confirmed late Monday.
The firm, currently located at 1201 Pennsylvania Avenue N.W., would occupy 415,000 square feet in the development, currently under construction. In a statement, firm spokeswoman Rebecca Carr said that the firm has signed a letter of intent to negotiate a lease and plans to move into the new space in 2014.
"We can confirm that the firm has signed a letter of intent to negotiate a lease for office space in the new City Center office project that is currently being constructed on New York Avenue between 10th and 11th Streets," said Carr in a statement.
The firm was in negotiations with the landlord for almost three years, according to Carr. "We have evaluated the various options carefully in that time, and we concluded that CityCenter was the best choice to take us forward," Carr said. "We have ceased negotiations with all other parties, and we look forward to the completion of a definitive lease with Hines and its partners Archstone and TFI."
According to the CityCenter website, the mixed-use development will eventually bring 515,000 square-feet of offices, in addition to nearly 300,000 square feet of retail and hundreds of apartment and condominium units. If the firm follows through on the letter of intent, it would fill 415,000 square feet, about 80 percent of the office space.
The CityCenter project occupies the site of the former convention center, between 9th and 11th Streets, N.W., to the east and west, and New York Avenue and H Street to the north and south. The story was first reported by The Washington Post.