Wednesday, October 27, 2010

JBG and Grosvenor Unveil Name for 14th & S Condo Project

In an unparalleled combination of simplicity and genius developers at JBG and Grosvenor have titled their much-talked-about, seven-story condominium project set for 14th and S Streets NW District Condos! Today that name was officially christened. And while no champagne bottles were smashed over the corner of Whitman Walker Clinic, suits and ties from the development world, as well as Jack Evans and one well-recognized Jim-Graham-bow-tie, gathered earlier today to celebrate the newly-named 125-unit residential building and its impending groundbreaking (which is expected in just a couple weeks).

While the name might be a smidgen on the unimaginative side, the building's design, interior, and amenities will be nothing short of state of the art. Architects from Shalom Baranes designed the sleek and modern "glass and terracotta facade with balconies and terraces," while Cecconi Simone Inc. have been tasked with selecting the interior finishes, as well as designing the unit layouts, common areas, and amenities. JBG and Ceconi Simone have also teamed up with local retailer Vastu to stylishly furnish the common space and model units. Condo buyers wanting to add that modern-chic flare to their newly purchased units will have the option of employing the style-genius of Vastu and their product lines.

By tapping into the rich historic preservation experience of Shalom Baranes, and with much appreciation from former Whitman Walker Chairman and now Ward One Councilman Jim Graham, the beautiful brick facade of the former AIDs clinic will be improved, preserved, and incorporated into the new building. Although specifics weren't provided, Graham said he was more than pleased that JBG's project will honor and commemorate the hundreds of brave District residents who volunteered and were treated at the facility during the horrible AIDS crisis of the 1980s and '90s.

In addition to the indoor gym and the rooftop terrace, featuring outdoor living rooms, a kitchen, bar, fire pit, fountain, and sundeck, the building will also offer an additional 18,000 s.f. of retail. And with most of the vacant storefronts on 14th Street being pasted one by one with Zoning permits signaling the newest restaurant in line for the area, there is likely to be no shortage of interested tenants by the time construction is completed in the Spring of 2012. Potential buyers can "register" beginning today and actual sales will start sometime in the Spring of next year.

Washington D.C. Real Estate Development News


Anonymous said...

Will the condos be affordable for federal employees or will they be outrageously expensive like the rest of the city?

Anonymous said...

The units will be affordable for anyone who can afford them, which will likely be market rate for higher-end new construction in the area, which seems to be around $540/sqft currently.

Anonymous said...

Previous posts in the 14th & You blog indicate the units will start around $300,000, which is pretty reasonable for that area.

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