What's Hot: The Most Expensive Home In Chevy Chase Will Hit The Market For Just South Of $10 Million
Office-to-Residential Conversion in Van Ness Nixed
✉️ Want to forward this article? Click here.
Although office-to-residential conversions seemed to be gaining in popularity among developers and city legislators alike, one conversion in DC is now reversing course.
Last summer, Bernstein Management and the University of the District of Columbia (UDC) were in talks about converting the massive office building at 4250 Connecticut Avenue NW (map) into apartments and student housing after former owner and tenant Fannie Mae vacates. Now, those plans have been jettisoned in favor of keeping the building as offices.
story continues below
loading...story continues above
"The owner and UDC have mutually agreed that it's no longer feasible to move forward with a residential conversion project," Fred Underwood of Bernstein explained at an ANC 3F meeting last night, citing the associated costs and required timeframe as obstacles.
Instead, the 1981 office-and-retail building will retain its current uses and will see interior and facade renovations. Bernstein plans to hire an architect soon and hopes to have a design in hand within a few months. Any plans will require zoning approval for a modification of the existing planned-unit development that permitted a building of its size.
A public meeting to solicit ideas for the building will take place next Thursday.
See other articles related to: anc 3f, bernstein companies, connecticut avenue, office-to-residential, udc
This article originally published at https://dc.urbanturf.com/articles/blog/would-be-connecticut-avenue-office-to-residential-conversion-plans-canned/13457.
Most Popular... This Week • Last 30 Days • Ever
If the home ultimately sells for around that list price, it would set a record as the... read »
When purchasing a home, it's crucial to conduct a thorough inspection to determine th... read »
The federal government could be shut down by the end of today, and that shutdown coul... read »
The multi-faceted project will include restaurant, bar, fitness and event spaces.... read »
Right on the heels of a $29 million home along Foxhall Road going under contract to T... read »
- Fox News Bret Baier's $29 Million DC Home Finds A Buyer
- A Home Inspection Primer For New Home Buyers
- How a Government Shutdown Could Affect Home Loans
- Union Market Lite? New Food Hall And Event Space Planned For H Street Corridor
- The Trump Effect Continues: $10 Million Georgetown Condo Goes Under Contract
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro