A 10-story building at 2601 Virginia Ave. NW in the District is being converted from a GWU dorm into the Boathouse apartments. (WDG Architecture)

The 10-story building at 2601 Virginia Ave. NW in the District was home to George Washington University students for 17 years, but long-term Washingtonians know the place better as the former Howard Johnson’s hotel.

Two rooms of that hotel were used by the Watergate burglars as lookout points during the 1972 break-in at the offices of the Democratic National Committee in the Watergate complex. The unraveling of that case and the ensuing scandal eventually led to the resignation of President Richard M. Nixon in 1974.

Urban Investment Partners (UIP) recently purchased the former dorm from GWU for $35 million. The dorm had been closed for renovation since 2014. UIP intends to develop 200 rental apartments in the existing building along with another 50 rental units in an addition on the building’s east side. The building has underground parking for 200 vehicles and bike storage. The new configuration will add a first-floor restaurant or coffee shop.

Renamed Boathouse, the building will have a rooftop recreational area with views of the Potomac River. The roof will include a deck, a swimming pool, fire pits, a kitchen and a fitness center. Other anticipated building amenities include a bike share program, a library, a theater and a convenience store.

Boathouse is within walking distance of the Foggy Bottom Metro station, the Kennedy Center, GWU, GWU Hospital, the recently renovated Watergate complex and Georgetown. The building is expected to be ready for occupants in fall 2018.

For more information and updates on construction progress, visit uipllc.com.

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