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Deal To Develop Old Post Office Pavilion Moves Forward

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Current plans call for the Trump family to develop the Old Post Office Pavilion into a luxury hotel.
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Current plans call for the Trump family to develop the Old Post Office Pavilion into a luxury hotel.

A deal with Donald Trump's real estate company to revamp the Old Post Office Pavilion is moving forward.

A $200 million lease agreement on the D.C. landmark now heads to Congress for approval.

The plans call for the 114-year-old federal building, at the corner of 12th Street and Pennsylvania Avenue, to be converted into a mixed-use development that will include restaurants, a spa, conference space and a luxury hotel. The hotel is scheduled to open in 2016.

As part of the agreement, the Trump Hotel Collection will also pay a base monthly rent of $250,000.

The General Services Administration, says the deal will save taxpayers millions of dollars. The GSA plans to relocate the existing tenants in the Old Post Office building.

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