Johns Hopkins buys Newseum building for $372M to house nursing, other grad programs

Baltimore-based Johns Hopkins University is purchasing the building that houses the Newseum in Washington, D.C., for $372.5 million to become the home of graduate programs, including nursing and sciences, according to The Washington Post.

The Freedom Forum, the private foundation that created and primarily funds the Newseum, will seek to move the museum to a new location in the Washington area. The Johns Hopkins School of Advanced International Studies will move to the new location, including graduate programs in nursing, sciences, business and arts.

"Acquiring this iconic property in the heart of the nation’s capital will represent a transformative moment for Johns Hopkins University and place our research and expertise in the midst of national and global decision-making," Johns Hopkins University said via news release.

The university will begin the remodeling process in fall 2020.

More articles on facilities management:

4 hospitals planning upgrades, expansions
$750M California teaching hospital opposed by small businesses
These 4 commonly overlooked points in strategic hospital planning can cost your facilities hundreds of thousands

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers