2141 K Street NW presents a rare by-right redevelopment opportunity in one of Washington, D.C.’s most walkable and well-connected urban neighborhoods. Located steps from Washington Circle and two blocks from The George Washington University and its medical campus, the project’s location places it at the center of a dense and diverse demand base - from students and medical professionals to institutional employees, government workers and young professionals drawn to the area’s exceptional connectivity and urban amenities. The site sits along the District’s premier commercial corridor, offering immediate access to Metro stations, employment centers and a broad mix of retail, dining and services.

The project benefits from the city’s newly established office-to-residential conversion incentives and carries no affordability requirement, strengthening its economic viability. Existing entitlements allow the addition of three stories, enabling the redevelopment to maximize as-of-right density. With only 629 new multifamily properties under construction in the surrounding submarkets and just 1,688 units delivered across the past decade, this project is poised to meet persistent demand in a submarket marked by high-income renters, institutional employment and limited new supply.