Support

Huge Petworth News: Apartments at 811 Quincy St, NW Purchased for $8.2 Million, $4 Million Renovation to Begin


View Larger Map

This is epic. I’m actually on vacation at the moment and don’t have much time, but I wanted to share this press release asap:

Urban Investment Partners (UIP) of Washington, D.C., in partnership with The Infinity Group of New York, NY has acquired the 99-apartment New Quin apartments directly across the street from the Petworth Metro station at the intersection of New Hampshire and Georgia Avenues in NW Washington, D.C. Marcus & Millichap’s Stacey Milam represented the seller, longtime Washington real estate owner CC Dudley, in the $8.2 million transaction. As a result of the District’s Tenant Opportunity to Purchase Act (TOPA), the New Quin NHQ Tenants’ Association and UIP reached an agreement that will preserve and protect the property as part of the District’s dwindling rental housing stock.

The property, which will remain rental, comprises two separate buildings with 55 and 45 apartments respectively. The buildings have charming, highly detailed historic brick and cast concrete façades. UIP will preserve these facades while renovating, upgrading, repairing and restoring the buildings’ common areas, building systems, and individual apartments. UIP General Contracting, Inc. will begin the $4 million renovation project in January.

Common area upgrades will include new front doors, key fob- and telephone-based controlled entry access, a key-fob accessed bike storage room, and renovated elevators, lobbies, and hallways. Electric service throughout the property will be upgraded, and individual apartments will receive upgrades, as well. UIP’s property management division, UIP Property Management, Inc., has taken over building management.

“With its beautiful façade and great location in a fantastic resurgent neighborhood, this is one of the more exciting acquisitions we have made recently,” said Steve Schwat, UIP Principal. “The more time I spend in and around Petworth, the more I understand its popularity. I can almost throw a baseball into the Metro station entrance from the front door of 811 Quincy Street.” Schwat noted that the popular 14th Street restaurant Marvin’s plans to open on the first floor of a new condominium building next door to New Quin.

“The New Quin Apartments will be a great addition to UIP’s portfolio, as the property sits above the Georgia Avenue-Petworth Metro stop in a rapidly developing market. It was a pleasure working with a very experienced buyer that was well versed in DC rent control and TOPA laws to bring this transaction to an easy and successful close” said Milam.

Recent Stories

You can see the 2023 edition here. Carter Christensen asks: “Serious question re: Meridian Hill/Malcolm X Park – who can we talk to, or advocate, to get these fountains back…

Thanks to a reader for sending the latest Fojol Bros sighting from Sedona Arizona.

Thanks to Jay for sending: “Spotted an ad for women’s soccer on a WMATA bus! Super exciting until I realized they spelled Trinity Rodman’s name wrong…”

1331 4th Street, SE Thanks to Eric for passing from Arris: “Get ready to indulge your taste buds – Panera’s coming to Arris late Summer 2024!” Stay tuned.

For many remote workers, a messy home is distracting.

You’re getting pulled into meetings, and your unread emails keep ticking up. But you can’t focus because pet hair tumbleweeds keep floating across the floor, your desk has a fine layer of dust and you keep your video off in meetings so no one sees the chaos behind you.

It’s no secret a dirty home is distracting and even adds stress to your life. And who has the energy to clean after work? That’s why it’s smart to enlist the help of professionals, like Well-Paid Maids.

Read More

Submit your own Announcement here.

PowerPoint Party in Adams Morgan

Make a funny PowerPoint, all the cool kids in DC are doing it!

Make a 5 minute or less PowerPoint presentation on whatever you want!

• Defend your unpopular opinions!

Read More

NoMa Farmers Market at Third Street

The NoMa Farmers Market is returning for its third season in an exciting new location! This season, we’re expanding and relocating from Alethia Tanner Park to Third Street between N and M Streets NE at the nexus of NoMa and

×

Subscribe to our mailing list