September 2010

Hidden behind a conservative gothic revival terra cotta facade, is one of the coolest and most interesting residential buildings in Downtown DC.  Mather Studios made history in 2003 as the first Downtown office building to be converted to residential use.  PN Hoffman partnered with the DC Department of Housing and Community Development (DHCD) to deliver both market-rate lofts as well as 12 affordable artist studios.  The artist studios are located on the 2nd and 3rd floors of Mather Studios with market-rate units on floor 4-10.

The lobby of Mather Studios sets the tone for the building with custom artwork, granite flooring and designer lighting.  Shiny metallic doors leading to each residence help to define the unique style of this building.  Chic

Harrison Square Townhomes is a community of modern DC row houses with a commanding presence on the block bounded by 12th, 13th, V and W Streets NW.  This location just a block north of Ben's Chili Bowl is very convenient to the entertainment, dining and transportation of U Street.  Harrison Square is truly a walker's paradise with a WalkScore rating of 97/100.

The Harrison Square community consists of 98 three-story townhomes designed to seamlessly blend with the existing architecture in this historic neighborhood.  The community was developed by EYA on the site of the former DC Children's Hospital.  EYA has developed other large scale townhouse projects in the District including Bryan Square Townhomes, Capital Quarter Townhouses and Hillandale.

701 Penn & 801 Penn Attract the Famous and Powerful

With views that rival any in the district, the Residences at Market Square have had their share of famous residents over the years including: Fred Thompson; Bob Novak; Geraldine Ferraro and Scott Brown.  These twin buildings located at 701 Pennsylvania Ave (Market Square East) and 801 Pennsylvania (Market Square West) are exactly halfway between the White House and the Capitol. 

Market Square condos offer stunning views of Pennsylvania Avenue and nearby Federal buildings including The Department of Justice, Federal Bureau of Investigation Building and the National Archives.  Every four years, residents of these twin buildings have a front row seat for the inauguration parade.

Both Market Square

With a stellar track record for bringing older structures back to life in an exciting manner, Robertson Development has a star on our virtual DC Developer wall of fame.  Standout projects by Robertson Development include: The Beauregard; Moderno; and Visio.

Just hitting the MLS is a Robertson Development resale in the U Street Corridor. 1918 12th Street #1 is a loft-like 2 BR / 2 BA offering 1,545 SF of living space. This condo is tricked out with Pogenpohl Cabinets, concrete counters, low voltage lighting, 20-foot ceilings, a private patio with a spa and secured parking.  Located on 12th St NW between T and U,  this location weighs in with a WalkScore of 98/100. The asking price is $849,000.

A couple of recent Logan Circle condo price reductions to take note of:

Logan Mansions - 27 Logan Circle NW # 12
4 BR / 2.5 BA - 1,757 SF
Reduced to $949,000 from $975,000

Q14 - 1401 Q St NW #303
2 BR / 2.5 BA - 1,339 SF
Reduced to $899,000 from $919,000

The Babylon - 1411 N St NW #3
2 BR / 2 BA - 1,257 SF
Reduced to $669,000 from $699,555

Here is a resource from DC Condo Boutique to stay on top of the Logan Circle condo market. 

If you are looking for a condo in the District and want to focus your search on a particular development or building, the DC Condo Boutique search by condo name tool is worth checking out.  Simply enter the name of the condo you are interested in and the tool will deliver all the active listings in that development.

If you would like to be notified of any new listings that come on the market in a development, just check the save search box and we will automatically send you any new listings in the development.  You can save as many different developments as you like.

Top 10 reasons 1740 18th Street #T4 is so great!

1. Dupont Red line metro, 2 1/2 blocks away!
2. Most Beautiful Street in the city...18th Street with it's new lamp posts and brick sidewalks...nearing completion.
3. Stainless Steel Appliances and granite countertops!
4. Easy living....Washer and dryer in unit!!
5. California Closets...with a jewelry drawer built-in!
6. Entire Hampton building beautifully renovated in 2006!
7. Walk score 98 out of 100!!  Walker's Paradise!!
8. Super low condo fees of $192!
9. A margarita is never far away at Lauriol Plaza!
10. Dupont Circle offers village living in the heart of Washington, DC!

1740 18th Street #T4 is listed for $319,000.  Here is a resource to view active listings at the Hampton.

Capitol Hill Luxury New Construction

Reminiscent of a late night Billy Mays price slashing infomercial, luxury Capitol Hill development Congressional Overlook has cut prices to the bone to move the remaining inventory.  With a location directly across the street from Congressional Office Buildings and two blocks from the Capitol, this location is residential gold for DC power brokers.

The recent price cuts for the remaining Congressional Overlook units are among the most aggressive that I have seen recently in the DC luxury new construction market. Can anyone remember a 58% reduction in asking price?

All three of these units are multi-level, the A units are lower level and the B units are uppers.  Here is a resource to view the active listings

Georgetown and the West End Top DC Luxury Market

The most expensive condo to sell in the District during August 2010 was in Georgetown at the Residences at Harbourside, located at 2900 K Street, NW #606 Washington, DC.  This multi-level 3 BR / 4.5 BA, 4,162 SF condo also includes two parking space and 2,700 SF of outdoor living space.  The selling price was $2.9875M / $718 SF.

Congratulations to selling Realtor Michelle Galler of TTR Sothebys International Realty for closing the most expensive condo sale in the District in August 2010.

Honorable mention for the 2nd most expensive DC condo sold in August 2010 was in the West End at 2501 Penn, located at 2501 Pennsylvania Avenue, NW #3C Washington, DC.  This 2 BR + den / 2.5 BA, 2,760 SF condo included

There is a buzz in our office when new loft units come on the market in developments on Church Street in the Logan Circle neighborhood.  Our office location at 1506 14th Street, just around the corner from Church Street, brings lots of Logan loft shoppers to our door.   The dearth of Logan Circle loft units available for sale over the past couple of quarters has created significant pent-up demand with current our pool of Logan area condo buyers.

The block of Church Street between 14th Street and 15th Street is widely viewed as ground zero of the Logan Circle loft district.  Loft projects on this block include: Lofts 14; Lofts 14 Two; Saxon Court; The Metro; Citta 50 and Rainbow Lofts.

Currently, two Church Street loft units are listed for sale. A 2BR /