Wednesday, October 21, 2009

Savoy Court Opens for Sales in Congress Heights

Savoy Court condominiums has opened for sales, adding another live project to the burgeoning Congress Heights neighborhood where St. Elizabeths is about to become headquarters for the Department of Homeland Security and where William C. Smith is about to renovate and expand a forlorn apartment complex.
Developer Building Partnerships LLC began renovating the 62-unit Savoy CourtSavoy Courts Condos, Building Partnerships, Congress Heights, Park Triangle, Bolling Air Force Base in 2007, converting the blond brick, art deco building into a condominium after partnering with Manna to help the residents purchase and upgrade the apartment building. Savoy Court began sales in mid 2007 after an initial phase of renovation, selling about half the units before halting sales and initiating the second phase of construction - stripping and rebuilding remaining units. With phase 2 of construction now nearly complete, the remaining units are up for grabs, starting at $159,900 for one-bedroom condos, with a few two-bedroom units in the low $200's. Savoy is also offering lease-to-own options for borrowers whose credit needs upgrading, with part of each month's rent going toward the down payment. Developers amenitized the gated community with a state-of-the art security monitoring system, roof deck, private gym, upgraded lobby, satellite-wired cable system, in-unit laundry, and landscaped courtyard. The newly rebuilt condos offer quartz counters, maple cabinets, and intercom systems. Washington DC property sales and retail news Savoy is located just off I-295, 1 mile south of the bridge connecting historic Anacostia to the ballpark and Capitol Hill, between the Congress Heights and Anacostia metro stations and across from Bolling Air Force Base. Developers of Savoy Court previously developed Woodson Heights Condominiums, Barcelona Condominiums, Verona Parc Condominiums, Park Triangle Apartments, Adams Court Condominiums, and Pacific House Office & Residential Condominiums. The sales center is open Saturdays and Sundays 1-4, or by appointment.

Washington D.C. commercial property sales news


Urban Architect on Oct 21, 2009, 9:19:00 PM said...

Maybe "reopened" for sales--because people have bought and been living there for quite some time now.

Anonymous said...

Its a nice-looking building, though the area lacks a real walkable hub that downtown offers, but with the other projects in the area, and prices having fallen so much throughout Anacostia, I believe this will where prices will rise fastest on the next rebound.

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