One of Penn Quarter's last remaining vacant parcels will soon be occupied. Texas-based Hanover Company began construction in February on Ashton Judiciary Square, a 49-unit “luxury” apartment project at 750 3rd Street, NW. Designed by DC-based WDG Architecture and constructed by the developer, the new project is located next to the Mass Court Apartments, on the west side of I-395, three blocks north of the Judiciary Square Metro.
Back in 2007, Abdo Development demolished the Best Western hotel on the site to build Penn Tower, a 90-unit condo project, but later abandoned the plans an
d sold the site to the current developer. The Hanover Company's $45 million project is slated for delivery in spring 2009. The Downtown BID cites this space as the last remaining parcel of developable space - other than the already-spoken for Convention Center.
Why the downsize from 90 units to 49? The developer says it specializes in “premium multi-family units,” not condos. While pricing and exact square footage is not yet available, Stuart Rosenberg, a member of the developer's marketing team, told DCMud that “apartment footprints do tend to be spacious.” Minimum unit square footage in its other projects hovers around 1,000 s.f.
The project's below-grade parking garage will offer the Downtown BID approximately 40 spaces upon completion. The developer is currently working on projects across the country in Boston, Philadelphia, Los Angeles, and Denver as well as the closer Crescent Falls Church in Virginia and Domain Brewer's Hill in Baltimore.
Washington DC commercial property news
1 comments:
Thanks for featuring this project and citing the Downtown BID! As the Downtown BID area approaches full build out, the Ashton Judiciary Square, old Convention Center site and the air rights over I-395 are the only remaining sites to be developed with a residential component. However, there are commercial projects in the pipeline and several surface parking lots and redevelopment sites that will continue to bring a broad mix of development to the neighborhood. Full build out is predicted to occur in 2014 or 2015. For more information visit http://www.downtowndc.org/news/reports/quarterly_development_reports and view the Downtown BID's quarterly development activity report.
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