Federal Reserve Headquarters Renovation

under construction

The Federal Reserve is undergoing a major renovation involving fundamental overhauls of two buildings constructed in the 1930s. The project includes asbestos abatement, modernization of mechanical systems, blast protections, three new underground levels, extensive historical preservation, new wiring, ventilation systems, removal of lead and asbestos, and installation of modern security infrastructure. The renovation also features underground parking garages and a tunnel connecting the two buildings. The project faces challenges due to historical preservation requirements, underground construction in a high water table area, and increased costs from tariffs and inflation. The renovations are expected to be completed by fall 2027, with about 3,000 employees moving in through March 2028.