Friday, March 05, 2010

555 Mass Condos


555 Mass | 555 Massachusetts Avenue, NW, Washington DC, 20001
555 Mass was built in 2004 as an apartment building, a project that was mostly a success as the units leased quickly. But with market changes in the winds, the 14-story, 235,000 s.f., 264-unit building was converted to condos in 2005, just one year after the building began leasing. Condo sales at 555 Mass began in early 2005, selling out finally in mid 2008, with efficiencies that started in the high $200s, one-bedrooms from the low $300s, and two-bedroom layouts priced from the low $500s.

555 Mass includes 24-hour front desk, fitness center, e-lounge and roof top pool and deck with great city views; floor layouts are very standard, but interior finishes less than imaginative owing to its real estate roots as an apartment building. Developed by JBG Group of Chevy Chase, which holds a large stock of rental and condo units throughout the DC area. The Mt. Vernon Triangle neighborhood could, until this project, be described only as desolate, soon saw one of DC's biggest development booms - though much work remains frozen - and sits across from Penn Quarter. Designed by Wiehe Design Group (now WDG), built by Clark Construction.

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