3 Residential Conversions Move Forward
By • August 13, 2025 0 1016
By Grace Elizabeth Cady
A wave of transformation is hitting Georgetown as several high-profile redevelopment projects reshape the neighborhood’s historic fabric. From the residential conversion of the Flour Mill offices to the luxury residences planned by the Four Seasons — and we can’t forget the long-awaited EastBanc project at 2715 Pennsylvania Ave. NW — these projects reflect a growing demand for upscale living spaces in a community with complex preservation guidelines.
Here’s a look at three key projects currently moving forward.
Flour Mill Residential Conversion
In October of 2024, Related Fund Management and Network Realty Partners purchased the Flour Mill office buildings at 1000 Potomac St. NW with plans to implement a residential conversion. The original building was built in 1847 as a cotton mill and later became a flour mill. In 1922, a second building was constructed. Those two buildings were purchased in 1980 and converted to office space. Last month, the organizations took their proposal before the Old Georgetown Board, which gave its approval on July 31. The proposed plans for a 135-unit complex, designed by New York-based STUDIOS Architecture, include two floors of office space in the West Building, which currently houses condominiums. Approximately 8,000 square feet of retail would be constructed along Potomac Street and Water Street NW. Other proposed changes include replacing the facade of the South Building and a redesign of the inner plaza.
Four Seasons Private Residences
A rendering of The Four Seasons Private Residences. Courtesy The Georgetown Company.
The Four Seasons project on the site of the former West Heating Plant on 29th Street NW will comprise 64 homes with between one and four bedrooms. “As our standalone residential portfolio continues to grow, we’re crafting exceptional living experiences in key cities where locals, residents and guests already know and trust the Four Seasons brand,” said Bart Carnahan, president of global business development, portfolio management and residential at Four Seasons Hotels and Resorts. “The Georgetown Company and Mohari Hospitality share our vision for redefining luxury living in this important, historic and dynamic city.” Inquiries about ownership opportunities are now being accepted.
2715 Pennsylvania Ave. NW Residences
21 weeks ago, 2715 Penn broke ground. The mixed-use development will feature seven meticulously crafted apartment residences with minimal, European-inspired finishes. Courtesy Instagram/@coredc.
EastBanc’s long-planned Pennsylvania Avenue residential project broke ground in April, nearly a decade after it was proposed. Following the pitch, it received approval from the Old Georgetown Board and the District Zoning Commission; the gas station on the site was demolished in 2018. Since then, there have been many delays. But progress is now being made and delivery targeted for late in 2026. The plans for the new development — led by Portugal-based Souto de Moura Arquitectos and D.C. firm CORE architecture + design — include seven residences ranging in size from 2,000 to 3,600 square feet.
