Watergate complex to Nixon's resignation on August 9, 1974. The name "Watergate" and the suffix "-gate" have since become synonymous with political scandals in the United States and elsewhere. The Watergate superblock is bounded on the north by Virginia Avenue, on the east by New Hampshire Avenue, on the south by F Street, and on the west by the Rock Creek and Potomac Parkway. It is in the Foggy Bottom neighborhood overlooking the Potomac River, next to the Kennedy Center and the embassy of Saudi Arabia. The nearest Metro station, 0.4 miles (650 m) distant, is Foggy Bottom-GWU. For more than a
Watergate complex Several buildings were sold in the 1990s (for details, see below). The property was valued at $278 million in 1991. Efficiency units in that year sold for $95,000, while penthouse apartments went for $1 million or more. Various buildings were sold again in the early 2000s (decade). In 2005, all of the retail space in the complex was put up for sale. Little redevelopment of the site has occurred in the 40 years since the Watergate was first built. The complex still includes three luxury apartment buildings, the hotel/office building, and two office buildings. The entire development was listed on