Paradigm has ordered its army of construction vehicles into Mount Vernon Triangle to begin work on the hefty 390-unit rental building at 425 L St, NW. Indeed, ground had broken on what project manager Jimmy Dotson calls a "bold, urban building with all the modern comforts of home." Under construction is a mass of brick and glass that will eventually total fourteen stories, sitting on three levels of below grade resident parking. Along with the standard amenities (gym, roof deck, common rooms) the building will feature a few unique touches like the hybrid and electric car refueling stations to be installed in the parking garage.
The barren surface parking lots that have sat vacant are now occupied by machinery and the warehouse at the eastern corner that has remained unused for years will soon be razed. The apartment building, built in partnership with Steuart Investments, was designed by Architecture Collaborative, Inc., while Collins & Kronstadt of Silver Spring holds the title of architecture of record. Developers expect initial delivery in the spring of 2012, with completion of the building wrapping up later that fall. Paradigm has apparently taken heart from the nearly sold out condo projects (CityVista completed sales this fall) and the largely stabilized new apartment buildings that surround it. Donohoe Construction is well into construction of 218 rental units directly across the street.
Washington D.C. Real Estate Development News