Friday, April 28, 2006
The Woodward Building, an historic 11-story steel- frame landmark located at 15th and H Streets, NW (733 15th Street) near the U.S. Treasury, has begun a major transformation from shabby office space into a luxury apartment building. The Woodward, originally constructed in 1910 for the owner of the Woodward & Lothrop department stores, has housed untold numbers of lawyers, bankers, and most recently an eclectic bunch of associations. The Woodward Building's owner, SJG Properties, is constructing 189 high-end apartments renting from about $1,300 a month for a studio to $4,500 a month for a 1,500-square-foot unit. There will also be 10,000 square feet of retail space and parking for 130 cars. SJG hopes to have the renovation completed and the apartments ready for occupancy by the Fall of 2007.