The Somerset House, an 84-unit building at 16th and S Street NW (map), is converting from rentals to condos, UrbanTurf has learned.
The building, constructed by Harry Wardman in 1917, will open to potential buyers on May 10th, but each unit will be customized based on a selection of kitchen and bathroom styles, which means that the condos will deliver 90-120 days after contracts are signed and customizations are complete.
Many of the apartments at Somerset House are now vacant, and some of the existing tenants will buy their units, so not all 84 apartments will be listed for sale.
"Tenacity has worked with the Somerset Tenant Association (STA) for nearly ten years through the various ups and downs of the market. Because there are many different interests within the STA, it was a bit of a challenge to make everyone happy," Tenacity's John Fitzgerald wrote to UrbanTurf in an email. "A number of residents have had long tenancies at Somerset House, and will purchase their units and remain after the conversion as owners." Fitzgerald also wrote that it was his understanding that a number of tenants had taken buyouts to vacate their units.
In preparation for the conversion, new plumbing, HVAC and electric systems were installed, as well as a new roof and windows. Much of the building is being preserved, including the original 1917 wood floors, and the owners hired a group of artists to reconstruct the marble lobby, including the frieze around the ceiling. The units will be priced ranging from $250,000 to $1.3 million.
This article originally published at http://dc.urbanturf.com/articles/blog/84-unit_condo_conversion_coming_to_dupont_circle/8386
Most Popular... This Week • Last 30 Days • Ever
The H Street Corridor once epitomized DC's development boom, but construction activit... read »
UrbanTurf is taking a look at what we think will be the three metrics that will deter... read »
A look at the close-in cities in Maryland and Virginia with the lowest supply of home... read »
Built in 1840, the home has been home to members of Congress and presidential cabinet... read »
The gorgeous boutique condominium is ideally located on the border of Columbia Height... read »
UrbanTurf is re-running its primer on property taxes which outlines a few things that... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
After two years of market forces left this neighborhood nearly unrecognizable, signs ... read »
The Shaw pipeline is starting the year off hot.... read »
The upzoning would mandate additional Inclusionary Zoning units for developments alon... 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