Tuesday, January 12, 2010

Waterfront Towers Condos

Washington DC construction and real estate development, retail leasing informationWaterfront Towers, 1101 3rd St., SW, Washington DC
Waterfront Towers was redeveloped by Centre Square, LLC, Bernstein Companies, Peak Development and Abdo Development. The "tower", at 9 stories, was designed by I.M. Pei, like several of its neighbors, and built in 1960, then converted to a condo in 2009. The 123-unit project underwent a full renovation in 2008 southwest DC real estate development by Abdoand 2009, with some green (but not LEED-certified) elements. Sales of the new condos began in August of 2009. The building retains the large, gated surface parking lot, with modern interior finishes and, for the larger units only, washers and dryers in the unit; with a common laundry room in the basement.

Bernstein Companies, Peak Development and Abdo Development are building a new residential building in southwest DCWaterfront Towers are not actually on the waterfront - the river is a short walk - but is only a block from the Waterfront Metro station. Prices for the condos started in the $200's for a small studio and at $320,000 for one bedroom. Real estate sales by the Mayhood Companies; about a third of the units in the building were pre-sold to existing tenants.

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Cheryl said...

I visited about 3 weeks ago and I am waiting for my tax refund to put the deposit on a 1 bedroom.. they are so nice and what a value in this market. Most may not think so, but I foresee $$$ lots of equity down the road. They finally opened 4th street and the new flagship safeway is opening soon. I am too excited and thrilled I finally found a spot.

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