Sunday, December 31, 2006

New Condo to be Alexandria's First Green Building

Condo developers nationally have been on the leading edge of the green movement, and it now appears that Alexandria’s first LEED-certified building will be an Old Town condominium. Alexandria Developer William Cromley is renovating a century-old warehouse at 1210 Queen St. into an 8-unit, "loft" style condominium called Cromley Lofts, featuring a green roof and sustainable, low-emission materials. LEED certification requires a rigorous third-party designation process and contemplates such factors as indoor environment, sustainable materials, access to public transportation, and energy efficiency. Cromley expects that the project, which has not yet been LEED-approved by the U.S. Green Building Council, will receive "certification," the lowest of the four possible rankings available, making this the first Alexandria project to receive such classification when it completes in the Spring, and estimates that the enhanced design will reduce utilities by about 30%. Alexandria's T.C. Williams High School, which has also applied for certification, will not complete until the Fall.

Each of the condos will offer about 1250 square feet of space in what Cromley describes as "true lofts," a departure from much of modern construction despite the prevalence of the term "loft" in marketing. Set in a historic building that was functional until recently as office space and artist studios, the lofts will exhibit "sleeping niches" rather than formal bedrooms, and bamboo cabinets as a sustainable alternative to traditional wood. Prices are expected to range from $500,000 to $700,000 when sales commence this Spring, competing with the Prescott and Monarch, much larger condo projects now underway in the quickly developing neighborhood. Sales and marketing by DCRE.

Washington DC real estate news


Anonymous said...

Interesting that Cromley helped lobby to prevent the Rust brothers from doing the same thing while on the local BAR and then buys it behind everyone's back only to develop it himself. Also interesting how the price shot up from the original $350 to $550K to its currently overpriced range of $580K to $695K...

Post a Comment

Commercial ads will be deleted, so don't even think about it.


DCmud - The Urban Real Estate Digest of Washington DC Copyright © 2008 Black Brown Pop Template by Ipiet's Blogger Template