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Carr Properties Acquires 2121 Virginia Avenue NW for Residential Redevelopment
Carr Properties has acquired 2121 Virginia Avenue NW, a significant site located in Washington, D.C.’s Foggy Bottom neighborhood. The property, a vacant nine-story Class B office building formerly owned by the Pan American Health Organization, will be redeveloped into a high-end multifamily residential community.
The planned redevelopment includes transforming the existing structure into a 320-unit luxury apartment community, while preserving the existing below-grade garage.
“Our acquisition of 2121 Virginia Avenue NW continues Carr’s strategic expansion into residential development and our ongoing investment in Washington, D.C.,” said Oliver Carr, Chief Executive Officer of Carr Properties. “We are proud to create a new residential community that complements Foggy Bottom’s rich mix of culture, education, and innovation.”
The site is ideally located just steps from George Washington University, the Kennedy Center, and the State Department, placing it at the heart of the District’s academic, cultural, and government hubs. The new development will offer premium campus-adjacent housing with excellent Metro access and proximity to major employers and vibrant neighborhoods such as D.C.’s West End and downtown.
Once completed, the development will feature approximately 320 luxury residences, including 33 affordable units. Designed to attract a diverse community of residents—ranging from professionals, researchers, and students, to young urban dwellers—the project will provide a connected, walkable lifestyle enhanced by high-caliber amenities. Planned features include a rooftop deck and pool with views of the Washington Monument, a modern fitness center, a community lounge, and on-site parking for 70 vehicles.
The redevelopment of 2121 Virginia Avenue NW marks the latest in Carr’s growing portfolio of office-to-residential conversion projects. It continues the company’s mission to transform underused urban properties into vibrant, sustainable, and community-oriented spaces. The Foggy Bottom project will join other active Carr developments such as 425 Montgomery Street in Alexandria, Virginia, and 3033 Wilson in Arlington, Virginia.
Demolition is expected to begin in the second quarter of 2026, with further updates on design and construction to be announced as the project progresses. The sale was brokered by Savills representatives Parker Lange, Vernon Knarr, and Julie Rayfield.
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