WASHINGTON, DC—Wall Development will delivershortly 16 new condos at 1115 H St., NE. Thefive-story, mixed-use project is the site of a former Woolworthstore. As a mixed-use condo building, it has been designed toachieve LEED Platinum certification.Square 134 of Washington, DC is the projectarchitect.

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Urban Pace, which is marketing the16,000-square foot project, has begun taking reservations fromprospective buyers. The units are expected to price from the mid$300,000's.

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1115 H St. joins a growing inventory of condo product in theDistrict, but sales remain high, according to new figures fromDelta Associates.

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Condo sales activity during the third quarter reached thehighest quarterly total in nearly two years despite weak job growthand apartment absorption at record levels, it said. Metro-wide,there were 453 net sales in the third quarter, up 7% from the sameperiod in 2013.

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"We expect that the fourth quarter of 2014 will also see anincrease in sales due to a number of new projects that will beginsales in the next few months in product-starved submarkets," Deltaalso said in its report.

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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.