Monday, March 26, 2007
The old Giant is finally gone, and site preparation work is now taking place for the Allegro condominium, expected to rise at 3460 14th Street NW in Columbia Heights, a few blocks north of the current building boom in this neighborhood around the metro. Developer Metro Properties hopes to have this new $105 million, 297-unit building finished in two years. The 353,000-sf Allegro will feature one and two-bedroom units, plus penthouses with outdoor terraces. Pricing starts around $300,000 for one bedrooms, up through the $500,000 range for penthouses. The building will be 5 stories tall, and have 7,000-sf of retail tenants (a coffee shop is expected, though not a new Giant, as that has already been constructed next to the Tivoli Theater down 14th).