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The Policy is one of dozens of Depression-era buildings that UIP has renovated in many DC neighborhoods. The company owns and manages two other apartment buildings nearby—1940 Biltmore St. and 1841 Columbia Road.
“Having our own GMP facility will allow us to keep important proprietary process development and associated intellectual property in-house,” says Suma Krishnan, founder and chief operating officer of Krystal.
STC Venture LLC is developing CityLine Sunnyvale, a master-planned pedestrian-oriented mixed-use district that will feature new residences, shopping, entertainment options and office space.
“The property is a perfect addition to our portfolio of transit-oriented workforce housing, and we will add additional value by enhancing management and resident services,” says Andy Wallace, CEO of One Wall Partners.