WASHINGTON, DC—Drummond Development's new Victoria condominium development here sold out at prices that bested expectations, reaching more than $800-per-square-foot in some cases.
Urban Pace, which marketed the properties, report that condominium units sold from $350,000 to $1,077,000. Located at 1443 Chapin St. NW, Victoria has 16 one- and two-bedroom residences including four duplex penthouses.
"Victoria sold at prices that exceeded our expectations, a testament to the project's quality construction and excellent location with the best of both worlds: the tranquility of Meridian Hill Park and proximity to the restaurants, shops, and nightlife along 14th and U Streets," says Urban Pace President Lynn Hackney.
Victoria is the second condominium project on Chapin Street completed by Drummond Development, the for-sale division of Urban Investment Partners. Meridian Heights, completed in 2005 at 1421 Chapin St., is among a number of condominium projects built or renovated by Drummond in the last few years, including The Archbold, Providence Square, Penn Circle, The Drummond, and WY18.
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