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Urban Pace Takes Rental Offering To Broader Market

The company has three projects in the works which it will be renting, Matt Dewey tells GlobeSt.com.

Matt Dewey

WASHINGTON, DC–After quietly launching a rental service that was limited to a few clients nine months ago, Urban Pace is about to open the service’s doors to the broader market. The company first took on the lease-up of The Aspen — a 133-unit building in Mt. Vernon Triangle neighborhood developed by Ellisdale Construction. There are now 120 units rented and Urban Pace is moving forward with three more rental projects that it has in its pipeline, co-President Matt Dewey tells GlobeSt.com.

These are 30 units on U Street, 60 units in the 14th Street Corridor and 40 units in Brookland, he says.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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