University President Steven Knapp’s F Street residence is currently undergoing the final stage of its renovation with the addition of a new garage, Executive Vice President and Treasurer Lou Katz said this week.
The renovations to Knapp’s residence are being paid for by University funds, Katz said.
“The garage addition on the F Street House commenced in mid-August and is anticipated to be completed in mid-October,” Katz said in an e-mail. “The garage addition – which will complete the renovation of the historic property – is funded by the University and the funding was made available through the proceeds of the sale of the former president’s house on Bancroft Place earlier this year.”
University President Emeritus Stephen Joel Trachtenberg chose not to live in the F Street residence during his 19-year tenure as the University’s top administrator. He instead resided in a townhouse in the Kalorama section of D.C. – which the University owned – but it was sold after he retired from the presidency in 2007.
Trachtenberg’s residence sold for $3.4 million in January – $600 thousand under asking price – according to a D.C. property detail. The funds from that sale were used for the extensive renovations on Knapp’s townhouse, which is valued at more than $1.3 million, according to property tax documents.
In addition to the renovations the townhouse received, Knapp has hosted important “off the record” events in his private residence with major politicians.
Immediately after President Barack Obama’s swearing-in ceremony, Knapp hosted a luncheon with Obama’s Joint Chiefs of Staff. Knapp also hosted a luncheon in the residence on Martin Luther King Jr. Day with the Congressional Black Caucus – a group of prominent African American congresspersons.