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$1,950 a Square Foot? Inside DC’s Highest End New Condos

  • November 16, 2015

by UrbanTurf Staff

$1,950 a Square Foot? Inside DC's Highest End New Condos: Figure 1
Inside a unit at Wardman Tower. Click to enlarge.

DC has only had a handful of new condominium projects where prices start out in seven-figure territory, and the Wardman Tower now not only joins that group, but could set a new bar.

Sales recently started for the 32 luxury units at the Wardman Tower, the iconic residential building at the corner of Connecticut Avenue and Woodley Road NW (map) that was constructed by Harry Wardman in the early 1930s. The building has been renovated by a development team of the JBG Companies, a U.S. branch of Japanese builder Sekisui House, and architect Deborah Berke Partners over the past few years. Sales are being handled by McWilliams|Ballard.

$1,950 a Square Foot? Inside DC's Highest End New Condos: Figure 2 Click to enlarge.

Aside from the iconic address and renovation, the headline for this project has to do with the prices. Residences at the Wardman Tower will start out at $3 million and head to upwards of $9 million, possibly setting a new bar for luxury condo project prices in the District.

$1,950 a Square Foot? Inside DC's Highest End New Condos: Figure 3
 Click to enlarge.

The new units will range in size from two to four-bedrooms, and 2,200 to 4,600 square feet. In addition to six-inch wide oak flooring and kitchens and baths with high-end finishes, the building offers the type of amenities that one will expect at this price point: a 2,000-square-foot fitness center and yoga studio, a resident library and lounge area with a private garden, at least two parking spaces per residence, and a 24-hour concierge that will cater to every resident’s whim.

$1,950 a Square Foot? Inside DC's Highest End New Condos: Figure 4
 Click to enlarge.

The city has not had many condo projects that touch this level of price and luxury, but that is changing. Last year, 1055 High in Georgetown sold out in weeks to all-cash buyers, despite prices starting at $3.6 million. UrbanTurf learned about a month ago that condos at VIO, a project being developed at The Wharf, has already gone under contract on units at prices above $1,000 per square foot.

At 4,600 square feet and $9 million, the highest priced unit at Wardman Tower would fetch just north of $1,950 per square foot if purchased at the list price.

Wadman Tower

Correction: In an earlier version of this article, Deborah Berke’s name was spelled incorrectly.

This article originally published at http://dc.urbanturf.com/articles/blog/1950_square_foot_inside_dcs_highest_end_new_condo_project/10586

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