Monday, August 09, 2010

Jefferson Pointe at Market Place, to Erase Memory of Addison Square in Shaw

Near CityMarket at O in Shaw, Metropolitan Development's never-built "Addison Square" development is now officially moving forward as "Jefferson Pointe at Market Place" - same specs, new brand - due to the $16.6 million purchase of the fully entitled project by the Jefferson Apartment Group last month. As was the plan in 2004 when Metropolitan purchased the property for $7 million, the development - with architecture by Lessard Design - will include 280 apartments (54 subsidized), 230 below-grade parking spaces, and 13,400 s.f. of retail space along 7th. Construction could happen as early as spring of 2012, after demolition of the seven vacant brick buildings on site (along the 1500 block of 7th) that combined were once the housing project known as Kelsey Gardens. 

  Washington D.C. real estate development news


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