WASHINGTON, DC—Wall Development will deliver shortly 16 new condos at 1115 H St., NE. The five-story, mixed-use project is the site of a former Woolworth store. As a mixed-use condo building, it has been designed to achieve LEED Platinum certification. Square 134 of Washington, DC is the project architect.
Urban Pace, which is marketing the 16,000-square foot project, has begun taking reservations from prospective buyers. The units are expected to price from the mid $300,000's.
1115 H St. joins a growing inventory of condo product in the District, but sales remain high, according to new figures from Delta Associates.
Condo sales activity during the third quarter reached the highest quarterly total in nearly two years despite weak job growth and apartment absorption at record levels, it said. Metro-wide, there were 453 net sales in the third quarter, up 7% from the same period in 2013.
"We expect that the fourth quarter of 2014 will also see an increase in sales due to a number of new projects that will begin sales in the next few months in product-starved submarkets," Delta also said in its report.
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