Awards &

D.C. Launches Conversion Abatement Fund As Planned Downtown Projects Stall
9th February, 2023
D.C. officials are launching a new push to assist office-to-residential conversions as they attempt to overcome developer skepticism that the projects are a realistic solution to the problems that ail the city's downtown.

Washington, D.C., led the nation in number of units converted from office to residential during 2020 and 2021, according to data from Yardi Matrix. That includes two conversions of old Coast Guard office buildings in Buzzard Point, and several additional conversions have moved forward over the last year. That includes Post Brothers' 500-plus-unit conversion proposed at Universal North and Universal South near Dupont Circle and Foulger-Pratt's 255-unit conversion proposed at 1425 New York Ave. NW, 2 blocks from the White House.

Read more at Bisnow Washington, D.C.