Monday, March 30, 2015

$1 million condos planned for 4th, P & New Jersey Ave NW

Click on the link to read all of Shilpi Malinowski's Washington Post "Where We Live" article.

$1 million condos proposed for D.C.’s Truxton Circle

 March 30 at 9:00 AM

Truxton Circle, nestled between booming Bloomingdale and Shaw in Northwest Washington, has been slower to change than its neighbors.
The modest rowhouses, smaller than Bloomingdale’s Victorians, change hands quietly, with an occasional gut renovation. The 13 social service agencies packed into the small neighborhood attract a sizable population of homeless and needy citizens to the sidewalks during the day.
According to Trulia, the median sale price year-to-date for Truxton Circle is $645,000, marking a 14 percent increase since 2014.
Now, one development firm may significantly boost the upper level of the neighborhood’s price range with $1 million condos.
Ditto Residential is gathering final approvals to construct a four-unit condo building at the corner of 4th and P streets NW and New Jersey Avenue. Ditto is building two four-story houses and dividing each into two 2,200-square-foot units. Two of the units will have two bedrooms plus a den while the other two will have three bedrooms.

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