Monday, February 12, 2007
Jim Abdo must like what it sees when surveying the sites from his new Mercer and Wooster Lofts condo project in Arlington along Clarendon Boulevard between Rosslyn and Courthouse. That would explain his company’s recent purchase for $42.2 million of five lots, bounded by North Quinn, and North Queen Streets, 16th Road and Clarendon Boulevard, across from his existing complex. While no plans have been drawn up yet for this stretch of street, Abdo is contemplating building residential condos. Currently the lots hold aging garden apartment buildings and a single-family home – most likely these will be demolished. Sales at the Wooster and Mercer Lofts (pictured) started last Fall, with delivery expected this year. The Mercer will house 34 condo units averaging about 1,500 sf, while its sister Wooster will contain 53 units. Both brick structures will feature 17-foot ceilings and floating stairs, penthouses with 21-foot high living spaces, private roof terraces, and underground parking and storage. There will also be a garden pool between the buildings. Pricing begins in the $500,000s and goes up to $2 million.