
Thanks to all who’ve written in about the progress at 14th and W St, NW (pictured above). We’ve been eagerly awaiting movement since Oct. ’07. Perseus Realty just issued a press release this afternoon:
“14W Apartments
Perseus Realty, LLC (Perseus Realty) of Washington, D.C. and its joint venture partner Jefferson Apartment Group (JAG) of McLean Virginia will begin construction shortly on a new mixed-use development at 14th and W Streets, N.W. in Washington, D.C. The approximately 300,000 square foot project will have 231 rental apartments, an all-new 44,000 square foot YMCA facility, and over 10,000 square feet of ground-level retail space. With equity financing from Rockpoint Group, L.L.C. and a $53 million construction loan from Wells Fargo Bank, NA, the development team will begin demolition of the existing buildings in early December. The state-of-the-art YMCA and first apartments will deliver in summer of 2012, with the remaining apartments delivering by fall of 2012.”
And a bit further north it looks like construction may also soon start as they’ve put some new barriers down at the old Nehemiah site at 14th and Belmont St, NW.

Full Perseus press release after the jump. (more…)