Sunday, October 08, 2006
Perhaps reflecting the new market realities that are now shaping the DC residential market, there are some interesting developments coming out of the eastern edge of Capitol Hill. First is Thorton Row at 1220 Pennsylvania Avenue SE (pictured), a "boutique" condo project planned by JPI near the Potomac Metro and the Harris Teeter supermarket in Jenkins Row (also a JPI project). A marketing representative has indicated that sales for Thorton Row are now "on hold indefinitely." No word yet on what this halting of sales means for the project itself, though. Meanwhile, Jenkins Row, JPI’s highly anticipated and long indicated as "sold out" 247-unit project at 1391 Pennsylvania Avenue SE suddenly has units back on the market in all flavors – 1, 2, and 3 bedroom units, ranging from the high $300,000s to the mid- $700,000s. Delivery is now scheduled for late 2007.