The Judiciary Square corner of Washington DC's Penn Quarter now has one more residential building, and one less vacant lot. The Hanover Company, a private, Houston-based real estate firm, introduced its latest apartment building in Penn Quarter last week, adding a touch of high-end to the downtown rental market.
The Ashton at Judiciary Square, at 750 3rd Street, NW, opened its doors as one of downtown's few upscale buildings, and with construction nearly complete, units will be ready for occupancy beginning this week. The 12-story glass building holds just 49 necessarily spacious apartments and a parking garage, with amenities to match: marbled foyer with inlaid tile, 24-hour concierge, NYC-worthy interior design, nearly 10 foot ceilings, and a choice of interior styles throughout the building. The rent will set you back a bit - $4332 per month to start (less if you factor in the standard one-month-free deal) - but the leasing team is already scheduling moving vans for its first occupants - "finance types, athletes, and government employees," apparently for those GS's with a higher than average per diem.
The Ashton comes furnished or not, short-term (3 month) leases or long, and with views ranging from stunning Capitol dome to, well, a peek at much more local architecture. Occupants also get a 
separate suite for guests, though you won't need it if you take one of the top floor suites, with 3 bedrooms, 2 baths, 2700 s.f., and views from far southeast to Rosslyn and everything in between. All that at only $10,817 per month. And situated near the on-ramp to 395, you could make it to a Nationals game in 5 minutes flat, or just bug out of town in a hurry.
Hanover hired WDG Architecture for the design, but reports performing the remainder in-house, from interior design to construction. The Ashton is the nationwide developer's first entrant in the DC Market, but it will soon follow up with the Crescent at Falls Church, scheduled to open next May. Hanover purchased the empty lot from Abdo Development in July of 2007 after Abdo cleared the land of a hotel in order to construct a condominium that never made it past the drawing board. That means the building was designed, planned, and built in just 25 months, something local developers should envy. Abdo retained the land next door, along with a plan for a large office building. The site is 3 blocks north of the Judiciary Square Metro.Washington DC commercial real estate news
7 comments:
this is a great addition to Judiciary Square. The city needs as many 3 bedroom units as it can get. Hopefully we'll start to see more families with young and teenage children move back into the city. Great Job!
Saw this building about a week ago...wow! Love the way the facade looks next to its neighbors. I keep hoping the WDC area will move beyond the typical "traditional" brick fronts. With this building, 22 West, and some others I have hope.
I guess I don't recognize "upscale" when I see it. It just looks like another expensive apartment building to me.
And you won't see families with young or teenage children moving into that building with those rents, not as long as the public schools are as terrible as they are. If you can afford private schools you'll get a house somewhere, not a rental apartment. If you can't afford private school you move to the suburbs. My guess is that you will find rich law students splitting the 3 bedrooms.
I definitely think you'll see families here - not everyone wants to own if they know that their time in The District has "term limits". I had a tour last week with Emily and thought it was definitely the nicest leasable residence I've seen here. The 1 bedroom (which I'm looking for) was about 1,200 sf! That's the size of my 2/2 right now. The gym membership she offered is tempting me...
just saw the rent for a 1 bedroom on rent.com. it's $3999. that's a bit pricey for a building with no gym or pool. i hope it's a mistake.
FYI, government per diem rates are the same no matter what your position is. Salary, on the other hand, is a different story.
Seriously. $4,000/month for rent. We need more affordable apartments.
Post a Comment
Commercial ads will be deleted, so don't even think about it.