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“52,500 SF construction project will be an eight-story, 32-unit luxury condominium building replacing a vacant lot”

by Prince Of Petworth June 28, 2016 at 3:00 pm 9 Comments

elysium
1427-1429 Rhode Island Ave, NW

From a press release:

“SIGAL Construction Corporation has begun construction at the Elysium Logan at Rhode Island Avenue, NW. Once completed, the 52,500 SF new construction project will be an eight-story, 32-unit luxury condominium building which is replacing a vacant lot in the 14th Street Historic District.

Designed by PGN Architects and developed by Madison Investments, the urban infill project will feature a mix of 1, 2, and 2+ den units ranging from 550 SF to 2,400 SF with an average unit size of 1,200 SF, providing options for families and empty-nesters looking to downsize. Three penthouse units will feature large livable penthouse levels with private outdoor decks accessed by stairs and seven units will feature private elevator access.

Ground floor units will be slightly elevated from grade, and the entrance steps to the building will extend into the public space on the street creating a stoop echoing the townhouse design aesthetic of the neighborhood. The building will also feature balconies for units facing the alley and a green roof. The below-grade facility primarily will be for bike storage and parking.

The project is slated for completion in Summer 2017.”

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Rendering via Madison Investments

  • kbloomingdale

    aaannnddd it’ll be beyond most people’s price range.

    • Anon

      This can’t be genuine surprise?

    • Anon Spock

      If you want to live in prime real estate, you have to pay the price. Such is the nature of supply and demand.

  • SilverSpringGal

    I saw 8 floors and only 32 units and knew that those prices were going to be sky-high. >.>

    • Anon

      I’m guessing the smallest units will sell for 900-1000/sqft, with larger units dropping closer to 850-950.

  • Planner

    More than a little disorienting to read this post immediately after reading
    “An Open Letter – A Retrospective Look at Living in Columbia Heights”, and its comments.
    Totally opposite ends of the optimism scale.

  • Truxton Thomas

    Ugh, luxury apartments that aren’t affordable! /s

    • spookiness

      Scroll down. You can get a 1bed with window units for $2k.

  • figby

    Another ugly condo building with zero regard for the street-level. Awesome.

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