Wood Partners Kicks-Off Development of New 346-Unit Apartment Community in Washington, D.C.

Wood Partners Kicks-Off Development of New 346-Unit Apartment Community in Washington, D.C.

WASHINGTON, DC - Wood Partners, a national leader in multifamily real estate development and acquisition, announced they have begun demolition on the two-story office building located at 33 N Street NE in order to make way for an ultra-luxury apartment community.

Situated in Washington D.C.’s dynamic NoMa neighborhood, this cutting-edge community will boast an ideal location, offering residents a sophisticated and connected living experience while setting a new standard for luxury high-rise apartment living in Northeast D.C. With views of the U.S. Capitol, this yet-to-be-named project is also steps away from the Metro’s red line and Union Station.

“NoMa has become one of D.C.’s most stable employment centers, which is fueling an increasing demand for apartments, nightlife, restaurants and popular retail,” said Scott Zimmerly, Director for the Mid-Atlantic region of Wood Partners. “The high-rise’s prominent position offers superb visibility, and the convenience of being located two blocks from the Red Line and encompassed by New York Avenue, Florida Avenue, North Capitol Street and I-395 is unsurpassable.”

This new community will be located within walking distance to many of the District’s most exciting and innovative retail destinations, all while nestled in a neighborhood rich with D.C. history. A variety of shops and entertainment options, including a Landmark movie theatre, are planned for an adjacent mixed-use project that is expected to break ground this summer. Additionally, REI will open its first D.C. location at the NoMa flagship store on track to join the neighborhood in the coming months.

NoMa also houses several of the District’s prominent employers, including the Bureau of Alcohol, Tobacco, Firearms and Explosives headquarters, National Public Radio headquarters, Mathematica Policy Research headquarters, SiriusXM, CNN and Google, to name a few. With many others moving in, most notably the more than 800,000 square foot Department of Justice office set to open later this year, the location of this community is especially appealing to those looking for an easy commute.

“Living in NoMa offers residents an ideal mix of convenient access, nearby necessities, like a Harris Teeter grocer, and distinct local amenities," added Zimmerly. “The area’s network of parks, unique neighborhood events and proximity to transformative retail like Union Market, all a short walk away, creates a submarket with a sense of community appealing to the young professionals that we are targeting.”

The 346-unit luxury high-rise community will include a thoughtful mix of studio, one-bedroom, and two-bedroom units, and will also offer a select number of micro units and two-level suites. Units will feature natural hardwood floors, quartz countertops and impressive floor-to-ceiling windows. The custom-designed amenity spaces will draw residents to the open and inviting layouts that provide opportunities for interaction and foster a true sense of community. Residents will be able to nestle into the plush furniture and enjoy a good book by the fire, challenge friends to a game of shuffleboard or kick-start the weekend with a good sweat in the fully equipped fitness center. When the weather is right, the rooftop will offer incredible views while poolside or from the luxury of private resort-style cabanas. And working from home can be social and collaborative in the expansive co-working space.

“We turned to our thorough and thoughtful design process to envision a unique place that will offer residents a higher quality of life,” said Zimmerly. “By creating a sanctuary for our future residents, we are aiming to build an environment that is dynamic, inviting and relaxing, all at the center of what NoMa has to offer.”

Construction is expected to begin this March, with the first units anticipated first quarter of 2018.

Source: Wood Partners / #Apartments #Multifamily

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