Overview

In Q4 of 2021, it was announced that Foulger Pratt acquired the former home of the Department of Justice (DOJ) from Monument Realty. The 13-story, 287,000 square foot building is seated at 1425 New York Avenue, located only steps away from the White House, Treasury Department, International Monetary Fund, World Bank, Executive Office Buildings, and the Federal Reserve. One of the city’s most anticipated deliveries, Foulger Pratt plans to convert the former office building into 243 Class A+, luxury residential units. Upon completion, Accolade, will be the closest residential property to the White House. The demand for quality residential offerings has long been a focus of area developers and local government. The nation’s capital boasts over 100M square feet of office space within a one-mile radius of the site, resulting in a severely supply-constrained market known for its limited deliveries and high-barrier to entry. Located in the epicenter of Washington, DC, Accolade will offer direct access to the city’s best restaurants, entertainment venues, and transportation options.