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31-Unit Petworth Project Delayed, Will Break Ground This Fall

by Shilpi Paul

31-Unit Petworth Project Delayed, Will Break Ground This Fall: Figure 1
3930-3936 Georgia Avenue NW

The groundbreaking of Fahrenheit Condos, a 31-unit project planned for the 3900 block of Georgia Avenue, has been slightly delayed but is estimated to break ground in the next 45 days, UrbanTurf has learned.

When we first reported on the project in March, Pers Development’s Ramin Bassam estimated that they would be able to break ground within 60 days. However, a few delays pushed the timeline back to early fall.

In addition to 31 condos, the project, at the site of the former Goins building at 3930-3936 Georgia Avenue NW (map), will have 3,000 square feet of ground floor retail. According to Bassam, several retailers have expressed interest in leasing the space. “We’ve been approached by a dozen brokers,” Bassam told UrbanTurf. “It’s surely been a pleasant surprise.”

See other articles related to: pers development, georgia avenue, dclofts

This article originally published at http://dc.urbanturf.com/articles/blog/31-unit_petworth_project_delayed_will_break_ground_in_this_fall/7547

4 Comments

  1. Rob said at 7:49 pm on Thursday September 12, 2013:
    Why aren't any of those dozen retailers interested in the BRAND NEW spaces just south of there either at the Petworth metro or GA and Newton or Lamont?
  1. michael said at 8:56 pm on Thursday September 12, 2013:
    If PERS can do a similar project like their last one at Rhode Island, it's be a game changer for that block. Its two blocks to metro and less than a block to the new Safeway. They should do real well.
  1. Petworth said at 9:46 pm on Thursday September 12, 2013:
    There's a HUGE hole in the ground here and the old building is completely gone so they technically broke ground a while ago. Whether or not they are ready to build (permits, financing, etc). That's another thing
  1. Jeremy said at 9:18 pm on Friday September 13, 2013:
    @Rob: The rents at the Petworth Metro are probably too high for said retailers. I mean, there are big vacant retail spaces right near K Street, at 11th and Mass, that have gone vacant for maybe a year and a half.

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