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.
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.
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.
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.
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
Most Popular... This Week • Last 30 Days • Ever
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The housing market last month was not as hot as September 2020, but that is probably ... read »
The next phase on the Center Block would deliver 166 apartments and 221 hotel rooms.... read »
DC's crane count still ranks as one of the highest among U.S. cities despite a declin... read »
The latest installment of Above Asking revisits two recently-featured listings in the... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The yet-to-be-built home may set a new bar for luxury in the residential real estate ... read »
Federal Realty plans to eventually file a planned unit development application for th... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro