American Enterprise Institute
Who occupied Andrew Mellon Building after May 2016?
Andrew Mellon Building McCormick Apartments , also known as Andrew Mellon Building , Mellon Apartment , or 1785 Massachusetts Avenue Northwest , is a landmark apartment building on Embassy Row in Washington , D.C. , whose inhabitants once included Andrew W . Mellon . It is the home of the American Enterprise Institute . History . The Andrew Mellon Building was built by Stanley McCormick , heir to the International Harvester fortune , in 1915 and completed in 1917 . Washington-based Jules Henri de Sibour was architect of the building . This was one of the first Washington apartment buildings for luxury living . The structure was meant to fit in with other Beaux-Arts buildings in the Dupont Circle neighborhood . The buildings composition is three principal elevations , to serve as a pivot point for a residential boulevard and two street intersections . The six units it originally contained had quarters for more than forty servants . Some of the Capitals most distinguished personalities once lived here . A partial listing of these residents , from the Historic American Buildings Survey , includes : - Thomas F . Ryan , 1920–1922 - Robert Woods Bliss , 1920–1923 - Edwin T . Meredith , 1921 - Andrew W . Mellon , 1922–1937 - Sumner Welles , 1921–1927 - Alanson B . Houghton , 1930–1934 The millionaire industrialist Andrew Mellon is perhaps most significant of these past occupants . He was Secretary of the Treasury from 1921 to 1932 . This was the longest tenure since Albert Gallatin . Mellon made this his residence shortly after taking on that role , occupying the top floor from 1922 until his death in 1937 . Among his accomplishments include authoring the Mellon Plan which stimulated the economic boom of the 1920s , and founding the National Gallery of Art . In 1936 Mellon paid $21 million for paintings and sculptures owned by Sir Joseph Duveen , an art dealer leasing the apartment below . At the time this was the largest art transaction on record . After 1941 , the building was used for offices and eventually partitioned . The property was conveyed by deed from Katherine Dexter McCormick to the American Council on Education on March 31 , 1950 . Later the property was conveyed to The Brookings Institution on January 2 , 1970 . Finally , the building was sold to the National Trust for Historic Preservation on October 28 , 1976 . The Andrew Mellon Building was declared a National Historic Landmark in 1976 . 2013 sale . The National Trust put the building up for sale in mid-2009 . The organization said it had outgrown the building , and needed about of space . Real estate experts believed the structure would sell for $1,000 a square foot , or $60 million . Potential buyers considered turning it into a museum or luxury apartments again , but there were no offers at any price . After Trust president Richard Moe stepped down in early 2010 and was replaced by Stephanie Meeks , the organizations board of directors decided to pull the building off the market so that Meeks would not have to devote all her time to finding the National Trust a new home . Instead , National Trust officials said they would rehabilitate some of the structures windows , HVAC , and mechanical systems and possibly add a green roof . In late June 2013 , the National Trust sold the Mellon Building to the American Enterprise Institute for $36.5 million . The Trust said it will lease space on the top two floors of the Watergate Office Building . The National Trust holds a permanent historic preservation easement that protects both the interior and exterior of the Mellon Building . External links . - Andrew Mellon Building -Historic Marker Database