Watergate complex amenities and build a new fitness center and new conference center. Watergate complex The Watergate complex is a group of six buildings in the Foggy Bottom neighborhood of Washington, D.C., in the United States, known particularly for the infamous 1972 burglary of the offices of the Democratic National Committee and the resulting Watergate scandal, which ultimately led to the resignation of President Richard Nixon. Covering a total of 10 acres (4 ha) next to the John F. Kennedy Center for the Performing Arts, the buildings include: Built between 1963 and 1971, the Watergate was considered one of Washington's most desirable
Watergate complex put the office tower up for sale on March 12, 2009. In November 2011, after 20 months on the market, the office building sold for $76 million to the Penzance Cos. In mid-2012, the office building's new owner began a multimillion-dollar upgrade to the Watergate Office Building's lobby, common areas, and Virginia Avenue entrance. The modernization was complete in December 2012, and the building began leasing space again in January 2013. Hitt Contracting designed the renovations, and oversaw the construction. Penzance sold the office building to a subsidiary of Rockwood Capital for $75 million at the end of 2016. Penzance