New York-based owner, developer and manager Marx Realty has entered into a partnership with Invesco Real Estate for the $75 million redevelopment of The Herald, a 134,000-square-foot office building in Washington D.C.

Located at 1307 New York Ave., The Herald is a Beaux Arts-style building and was formerly home to the printing presses and offices of the Washington Times-Herald. The building will be transformed into a hotel-like office building. Plans for the repositioning include a top-to-bottom hospitality-inspired reimagining of the space beginning with an updated entry portal and intimate rotunda that opens to an expansive lobby with a floor-to-ceiling copper and glass feature wall inspired by traditional linotype printing machines.

“We are delighted to partner with Invesco Real Estate in our hospitality-infused office product,” said Craig Deitelzweig, president and CEO at Marx Realty. “The Herald is a truly unique project in Washington, D.C. because of the unparalleled emphasis on design. Invesco Real Estate’s interest in partnering with us supports our belief that the amazing sensory office experience we pioneered will continue attracting marquis tenants at premium rents.”