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UIP Buys Old GW Dorm With Plans to Redevelop Into Apartments

WASHINGTON, DC-The company paid $36 million for the empty core-and-shell structure.

By Erika Morphy | erikamorphy | Updated on August 12, 2016

Boathouse rendering Boathouse rendering

WASHINGTON, DC-Urban Investment Partners has acquired a core-and-shell building that was once a student dorm for George Washington University. It paid the university $36 million for the 10-story, 97,300-square foot structure located at 2601 Virginia Ave., NW, with plans to redevelop it into a multifamily property.

GWU had used the building, Hall on Virginia Avenue, as a dorm for 17 years and then gutted the interior about a year ago with plans to redevelop the building into a new student and faculty housing. Later, it decided to sell instead.

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