Monday, August 28, 2006

NDC Begins Another Mass Ave. Condo Conversion


National Development Company (NDC) has begun a new condo project at 12th and Massachusetts Ave., in Northwest DC. The New Plaza will feature 37 condominiums in a historic 7-story, Victorian-style building. NDC, also in the midst of developing the Lofts of Brightwood, will offer condos in two phases, with the first phase apparently geared for less renovation and quick occupancy, and a second phase of the project to more fully renovate the remainder of the units. Pricing for the first phase will begin below $200k for a studio, with sales to begin in 2 weeks, nearly matching pricing for the Grant across the street at 1314 Massachusetts, which began sales several weeks ago.

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