University Apartments To Re-Emerge as Condos

WASHINGTON, DC-Answering a seemingly endless demand for condominiums in the District, Urban Investment Partners subsidiary Drummond Development LLC has begun converting the former Glover-Tunlaw Residence Hall into the 63-unit the Archbold residential condominium building. Drummond acquired the apartment property from American University in the fourth quarter of last year for $14.5 million, and will spend an additional $5.5 million on the conversion.

Located at 2725 39th St. NW in the city’s Glover Park neighborhood–an area surrounded by the Washington National Cathedral, the US Naval Observatory, and to the south, Georgetown–the Archbold is contained within the walls of a mid-century structure with post-Art Deco accents. PGN Architects is at the helm, overseeing the modernization of the building, which will feature amenities ranging from a full-service event room to a fitness facility.