BEFORE THE ROOSEVELT fell on hard times, it was among Washington's finest hotels. In its new incarnation as the Summit Roosevelt, the landmark is a 198-unit luxury rental building, refurbished in part with federal tax credits. Architect Chuck Travis' painstaking restoration and modernization resulted in a city residence with both Old World grandeur and modern amenities that are downright decadent, including an exercise facility with a steam room and sauna, guest suites, a dining room for parties, and valet parking.

CATEGORY: Adaptive reuse; ENTRANT/ARCHITECT: The Housing Studio, Charlotte, N.C.; BUILDER: Summit Apartment Builders, Charlotte; DEVELOPER: Summit Properties, McLean, Va.; LANDSCAPE ARCHITECT: Fitch Studio, Washington; INTERIOR DESIGNER: Forest Perkins, Washington

Learn more about markets featured in this article: Charlotte, NC, Washington, DC.