Johns Hopkins University is planning to create an interdisciplinary academic hub on Pennsylvania Avenue in Washington, D.C. The project includes the transformation of the former Newseum facility to provide a home for the School of Advanced International Studies, as well as offering space for the Carey Business School, the School of Nursing, and the Krieger School of Arts and Sciences. Consolidating JHU's graduate programs in the District of Columbia, the renovation will create an innovative 400,000-sf teaching and research facility featuring event spaces, seminar rooms, and collaboration areas. The purchase price of the building is $372.5 million. Construction could begin as early as fall of 2020 with occupancy expected by early 2023.
The Newseum is expected to remain open at its current location through 2019.