CityCenter’s 216-Unit Condo Project Officially Begins Sales

• January 2, 2013
• 5 Comments

by Shilpi Paul

Inside The Residences at CityCenter.

CityCenterDC, the massive downtown development at 9th and H Street NW (map), has officially begun sales of its 216-unit condo project.

Designed by architecture firm Foster + Partners, The Residences at CityCenter consist of one and two bedroom condos with modern, open layouts, floor-to-ceiling windows and solar shading to manage the amount of light that enters each home. All units have outdoor areas. Shared amenities will include a spa treatment room, a wine cellar, and a fire pit.

The condos will range in size from 675 to 2,675 square feet, and prices start at $500,000, with the most luxurious units going for $3.5 million. Sales are being handled by The Mayhood Company, and delivery is expected in the fall of 2013.

In addition to extensive office and retail space, CityCenter will also have 458 apartments for rent and a 370-room hotel when complete. More renderings of The Residences at CityCenter below.

Renderings courtesy of Foster + Partners.

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This article originally published at http://dc.urbanturf.com/articles/blog/citycenter_begins_condo_sales/6466

5 Comments

1. mizark said at 3:50 pm on Thursday January 3, 2013:
   Does anyone else think trying to sell 216 condos where the least expensive one is $500,000 is going to be a little tough? I know that the design is unique, CityCenter should be great, Penn Quarter has gained cachet and there is a pent up demand for new, high-end condos, but still, offering NOTHING below half a mil? Good luck.

1. trooperduper said at 4:04 pm on Sunday January 6, 2013:
   I don't think they will be able to sell all of the available units before they open, but they probably are just aiming to sell most of them. This is one of the most centrally located living areas in DC and there also seems to be a housing shortage... I think they'll have plenty of takers.

1. Anthony said at 5:08 pm on Monday January 7, 2013:
   I'm looking to move to DC and was going to buy at City center but they about 50% more than most comparable units in DC. 2 bedrooms with obstructive views around 1000 square feet are in 800K range. 1250 square feet is running at 1.2 million. I'm sure it's a quality project, but at 50 to 100% more per square foot, they are going to have a tough road. Also, they want a 10% deposit which is twice what other new builds in DC wants. I know some of this is trying to build marketing cache...but you're talking Penn Quarter not Georgetown. Needless to say, I won't be buying at Center but wish them the best. Hope they can get appraisals for underwriting or all cash customers.

1. NiceButPricey said at 3:45 pm on Friday January 18, 2013:
   The finishes, amenities and location are nice, but condo fees of 94 cents per square foot is way too high. So on top of the $800K in mortgage for a 2br/2bath, you have to dish out $1,000 for condo fees. That is equivalent to $200K of mortgage... I was interested in purchasing, but that condo fee makes it a questionable long term investment.

1. Mark said at 3:21 pm on Monday October 7, 2013:
   Penn Quarter is the new Georgetown. Vibrant, amenity-rich and upscale.