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.


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.


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


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.


"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.