S&R Foundation will continue using the building for arts education and programs.
April 21, 2015
S&R Foundation (S&R) and the George Washington University announced Tuesday that the university has entered into a contract for S&R to purchase the Corcoran School's Fillmore building, a historic property located in Georgetown.
S&R, a non-profit organization supporting individuals in the arts, sciences and social entrepreneurship, intends to use the building as an arts incubator that will serve as a platform to grow artists in fine, visual and performing arts. The organization will maintain the educational use of the building and its place as part of Washington’s vibrant arts landscape.
“We will continue S&R’s commitment to supporting excellence in artistry, innovation and entrepreneurship in an environment that encourages international collaboration. We also are excited to expand our commitment to supporting talented artists in Washington, D.C., especially those from underserved communities,” CEO and President of S&R Foundation Sachiko Kuno said.
The university will use funds from the sale of the Fillmore building for the renovation of the 17th Street building and for programs within the Corcoran School of the Arts and Design. GW is currently engaged in a phased renovation effort to make necessary updates and expand classroom space in the 17th Street building.
GW took ownership of the Fillmore building in August 2014 after signing the historic collaboration agreements—with the Corcoran Gallery of Art and Corcoran College of Art + Design and the National Gallery of Art—that, in part, created the Corcoran School of the Arts and Design at GW.
S&R’s program will be formulated around its mission to support individuals with great potential and high aspirations in the arts, sciences and social entrepreneurship, especially those furthering international cultural collaboration. The Fillmore building will provide a space for artists to gain inspiration and create innovative and inspired new projects, as well as participate in programming designed to teach and build business acumen and professional development.
Mark McFadden of Washington Fine Properties represented the buyer, and Michael Brennan, Phyllis Patterson and Brittany Patterson of TTR Sotheby’s International Realty represented the seller. The building was listed for $14 million.