WASHINGTON, DC - Edgewood Management is proud to announce that the National Association of Home Builders (“NAHB”) has chosen Park 7 Apartments as a finalist in the category of “Best Creative Financing of an Affordable Housing Community,” in this year’s Pillars of the Industry Awards. Edgewood wants to congratulate our partners, Donatelli Development and Blue Skye Development & Construction, on this exciting project and the creative financing that made this award possible.
Since its inception in 1990 by the NAHB, the Pillars Awards is considered one of the most prestigious national honors in real estate. It rewards excellence in multifamily development, design, marketing and management and showcases future trends and innovations. This year, there are 26 categories and 61 finalists that were chosen by industry experts.
Park 7 Apartments, professionally managed by Edgewood Management, is located in Northeast, Washington, DC, adjacent to the Minnesota Avenue Metro station. This exciting community has 376 mixed-use residential apartment units and 22,000 square-feet of retail and parking. The stylish studio, one, two and three bedroom apartments feature gourmet kitchens with natural granite countertops, full-size washer/dryers and affordable rents starting at $1,081. Community amenities include controlled entry access, a fully-equipped fitness center, and business center with touch screen monitors and Wi-Fi. Since the building opened its doors earlier this year, it has had an astonishing amount of interest from residents in Ward 7 and nearby neighborhoods. The building is projected to be 50% occupied by October 31, 2014. For more information on the community, please visit the Park 7 website at www.park7dc.com.
NAHB Multifamily will be presenting the winners of the 2014 Pillars of the Industry Awards on October 2, 2014 at 2:00 pm ET through a virtual ceremony. We would like to wish Park 7 Apartments, Donatelli Development, Blue Skye Development & Construction and all the other nominees the best of luck.