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“who is this for? Some foreign potentate’s children studying at Georgetown Law? Are Russian oligarchs running out of Manhattan and London apartments to buy up?”

by Prince Of Petworth February 26, 2015 at 12:30 pm 108 Comments

1601_5th

“Dear PoPville,

This corner (5th and Q) used to belong to a house with an attached, street-facing garage — a major rarity in the area. (it also used to be the epicenter of a local gang turf war! fun facts!) The developers originally won permission to build 8 units, as I recall, but instead built 4 luxury spaces — and, as you can see, are trying to sell them for nearly $1.5 million each! Ed. Note: You can see a virtual tour here.

I guess my question is: who is this for? Some foreign potentate’s children studying at Georgetown Law? Are Russian oligarchs running out of Manhattan and London apartments to buy up? Is there a market, in Shaw, for apartment-homes that cost this much? The list price has many of us in the neighborhood scratching our heads.”

IMG_5950
April 2015

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