Update: Corcoran Gallery May Be Eyeing a Move to Waterfront

The Corcoran Gallery of Art is considering selling its home in downtown Washington, D.C., with an eye on Alexandria, reports Washington City Paper.

The school's board is scheduled to vote on a plan to put the Corcoran's Beaux-Arts building up for sale.

Two City Paper sources independently mentioned Alexandria's waterfront as one possible site for the Corcoran's relocation, should its board vote to sell, according to the article.

The Washington Post reported on Monday afternoon that the Corcoran's board plans to seek authorization from the institution's board of trustees to hire real estate brokers to test the market for selling the building and to look for more affordable locations in the metro area.

Corcoran officials told the Post: "No jurisdiction or neighborhood has an inside track on attracting the Corcoran."

Corcoran President and Director Fred Bollerer told Post reporters that the rumor that the Corcoran is headed to Alexandria is unfounded.

The development of Alexandria's waterfront is currently being discussed by City Council and members of the community. in January in favor of the city's plan to redevelop its riverside.

It's unclear at this time where the Corcoran would be housed should it decide to move to the waterfront, although The Washington Post could sell its much-discussed buildings located on the waterfront, among other options.

Calls by Patch to the Corcoran were not immediately returned.