08/21/2012 01:06 pm ET

Ivanka Trump Not Interested In Corcoran Gallery Of Art Property


WASHINGTON -- The Corcoran Gallery of Art might be considering options to sell its landmark museum building near the White House and move elsewhere, but don't expect the Trump family to be interested in buying the structure to expand on its real estate holdings in the nation's capital.

According to Capital Business' Jonathan O'Connell, who profiled the Trump family's plans for the Old Post Office Pavilion this past weekend, the daughter of Donald Trump denied that her family has any interest in the Corcoran property, located at 17th Street NW and New York Avenue, opposite the Ellipse.

In February, the Trump organization won the rights to redevelop the historic Old Post Office Pavilion, located at 12th Street NW and Pennsylvania Avenue, into a luxury hotel and spa, complete with restaurants, meeting facilities and other ritzy amenities.

As O'Connell detailed in his lengthy weekend profile, Ivanka Trump, a graduate of Georgetown University, has been the point person in her family's real estate enterprise on the Old Post Office project.

The Corcoran's leadership has been considering options to sell its current building and use the proceeds to relocate and build a better integrated facility to house both its museum and school of art and design. Corcoran officials have said the cost of renovating the existing museum building would be very costly, but the relocation plan has been highly controversial, especially with District of Columbia officials.

The Washington Post reported in June:

The chronically underfunded institution is the city's oldest private art museum. It posted a $7.2 million deficit for the fiscal year ended last June and is considering moving because it would cost an estimated $130 million to bring its landmark home up to modern museum standards, Corcoran Director and President Fred Bollerer said. But even then, there still wouldn’t be enough space to display the art properly and support the growing Corcoran College of Art & Design.

As The New York Times reported, opponents of a potenial Corcoran move delivered a 3,200-signature petition to the gallery's board of trustees on Monday.

Old Post Office Pavilion