Acquisition of an existing 100,000 square foot office building in Foggy Bottom, Washington, DC
An opportunity to re-purpose an existing historic office building into a luxury apartment community.
This 100,000 square foot building was constructed in 1941. The State Department has occupied this project since the 1940's.
Insight and partner ELV Associates acquired 515 22nd Street NW in January of 2019. Insight plans to re-purpose the building from its existing office use to luxury residential units.
For Insight and ELV, 515 22nd Street NW represents an extremely rare opportunity to acquire and re-purpose an institutional-scale community located in a tremendously desireable DC-location. The property sits three blocks south of the Foggy Bottom Metro Station, George Washington University and GW Hospital. The State Department and the World Bank are among the large employers in the neighborhood.