Residences at Market Square - Penn Quarter Power Address

Posted by Mark Washburn on Friday, September 24th, 2010 at 1:13pm.

701 Penn & 801 Penn Attract the Famous and Powerful

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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 East and Market Square West have 105 residential units on four floors, sitting over nine floors of street-level retail and office space.  Building amenities include 24-hour security, roof-deck with heated pool, sauna, exercise center and underground parking.

The Residences at Market Square location weighs in with a WalkScore of 97/100.  Three Metro stops (Archives, Federal Triangle and Metro Center) are very close and countless restaurants and a different Starbucks for each day of the week are just a short stroll away.

Year-to-date, three units have sold in the Residences at Market Square, all were 1 BR / 1 BA configurations and with a low selling price of $345,000 ($676/SF) and a high of $562,500 ($633/SF).  At present, three units at Market Square East (701 Penn) are on the market starting at $330,000 and three units at Market Square West (801 Penn) are on the market starting at $440,000.

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