WASHINGTON, DC - Foulger-Pratt, based in Potomac, Md., has acquired 1425 New York Avenue, N.W. in Washington, D.C., and will convert and redevelop the office building into a Class-A multifamily residential property. With 13 stories and four underground levels of parking, the building is 287,000 GSF. After redevelopment, it will have approximately 255 rental units across 280,000 GSF.
The zoning for conversion to multifamily is by right. Designs are expected to be finalized and building permits.
/PRNewswire/ Greystar, "the Global Leader in Rental Housing", will break ground on their latest development, The Commodore, on October 6, 2021. Located at.