NEW YORK — The architectural firm that created the Neumann-designed architecture that became iconic in the 1970s and ’80s has a new home in the nation’s capital.
The company that was part of Neumann, an American company that produced the world’s first microprocessor, announced Friday that it will be based in New York and will open its first store in downtown Washington, D.C., where it will also open a new office and a new store in the Capital Region.
Its new headquarters will be a $2 billion complex, the company said in a statement.
The company is the first major U.S. architecture firm to move its headquarters into the nation.
“We’ve worked with Neumann for many years and we’re thrilled to be working with the firm,” David Neumann said in the statement.
The move comes a week after the New York Times reported that Neumann had given $100 million in loan guarantees to buy the building.
The Neumann building in Washington, DC, on February 6, 2020.
The building in New Delhi, India, on December 20, 2018.
Neumann and its former CEO Robert Neumann were the pioneers of microprocessor design in the U.K., where they were also the pioneers in the design of the digital computer.
The two had worked together on a number of projects and Neumann also had helped design the IBM mainframe computers of the 1960s.
Neumans original goal was to design a computer for use in the home.
But after Neumann’s company was sold to IBM in 1985, the idea of building a computer that was affordable for home use fell into the lap of a new breed of companies, Neumann founder Robert Neumans son Peter Neumann told the Times.
The Neumann company would make its own processor, which was an early design of modern microprocessors.
Peter Neumann is one of the founders of Neumens company.
He said the move into the capital region is a natural progression of the company’s strategy of investing in and creating jobs in the region.
The Washington location will be the company s largest outside of New York.
“This is a significant, very strategic location in the United States,” he said.
Neemaans name was announced Friday, a week ahead of the deadline for bids to be submitted for the new location.
The new Neumann office will be located in a massive warehouse that houses the companys new manufacturing facility.
The firm is one among several large companies to move their headquarters to the nation s capital.
In the past year, GE has opened its $1.2 billion campus in downtown New York, and Oracle has announced plans to expand its headquarters in the city, and others have been building in San Francisco and Chicago.
In April, the University of Illinois at Urbana-Champaign announced it would build its new campus in Chicago and has hired more than 60 workers to open new offices there.
Neuman has also said he hopes to attract some 300,000 new jobs to the region in the next decade.