By the late 1960s, Fairlington's owners, now Hartford Insurance, considered razing the apartments and constructing high-rise apartment buildings. Instead, it decided to convert the existing structures to condominium apartments in 1972. Virginia had only permitted condominium development since 1962 and Fairlington was the largest scale project ever undertaken to that date. Fairlington was sold to Chicago Bridge and Iron and operated by CBI-Fairmac and a five-year project to physically modify the apartments for their new use commenced. Common basement areas were divided between apartments and boiler houses were removed and replaced with recreation facilities. Beginning in South Fairlington, CBI-Fairmac converted the area into seven legal entities under the Virginia Horizontal Property Act. Six of the condominiums were in South Fairlington and the entirety of North Fairlington formed one condominium. The initial offerings sold for $19,000-$45,500 ($86,000-$203,000 in dollars) in 1972 and prices were increased for later sales with the final units sold in 1978.