The wave of adaptive reuse projects involving office conversions to apartments continues to grow in Washington, DC, which has a glut of aging office inventory in the middle of a severe housing crunch.
Philadelphia-based Post Brothers—which specialized in office-to-residential conversions—made its entry into the DC market this week with the $228M acquisition of a complex of two Class B office buildings that fill an entire city block near Dupont Circle.
The complex on Connecticut Avenue NW includes the 12-story, 368K SF Universal North building and the 10-story, 291K Universal South building.
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