DC’s Most Intriguing Lofts Could Be Sold Separately

by UrbanTurf Staff

DC's Most Intriguing Lofts Could Be Sold Separately: Figure 1
The Pierce School

In late 2013, UrbanTurf reported on the Pierce School hitting the market, a former Capitol Hill schoolhouse that had been transformed into a sprawling 9,500 square-foot, two-level loft with seven loft rentals below, and two adjacent rowhouse flats.

When Jeff Printz and Chris Swanson bought the former school at 14th Street and Maryland Avenue NE (map) from the city in 2000, it was a shell with four feet of water in the basement. The only tenants at the time were pigeons and rodents. (You can read all about the history of the property and its many amenities here.) They spent five years renovating it into the collection of residences that it is today, and have lived in the top-floor unit -- with its four guest bedrooms, 14-person movie theater and 800 square-foot roof deck -- since it was completed.

DC's Most Intriguing Lofts Could Be Sold Separately: Figure 2
The main living room

Last year, Printz and Swanson put the whole property -- all ten units for around $7 million -- on the market as one listing they set their sites on a new project, the transformation of the former New Union Garage at 643-645 Maryland Avenue NE (map) into their new home.

However, the duo found that finding a buyer for a property such as the Pierce School proved tougher than anticipated.

DC's Most Intriguing Lofts Could Be Sold Separately: Figure 3
A loft unit in the building.

"The reality we found out is that the penthouse unit, being so large, does not appeal to a traditional multi-family buyer, and the many folks that wanted the penthouse, did not want to be bothered by rental units," Printz wrote to UrbanTurf. "It was a true catch-22."

So now the plan is to sell the units -- the owner's penthouse, the seven rental lofts and the two flats in an adjoining rowhouse -- separately. If the condo conversion process concludes smoothly, the residences could hit the market in late October. Printz noted that current residents will be given the opportunity to purchase their unit at a discounted rate or continue on as a renter and the owners will "remove it from the sales line-up."

DC's Most Intriguing Lofts Could Be Sold Separately: Figure 4
Another loft unit.

As far as pricing, the lofts and flats will likely range from $375,000 to $535,000. The 9,500 square-foot owner's unit will be listed for around $2.9 million.

Below are more photos of the owner's loft, the individual units, and the property's amenities. A website has been set up about the school for those that want more information.

Have a property as special as this that you would like featured on UrbanTurf? Email us at .(JavaScript must be enabled to view this email address).

DC's Most Intriguing Lofts Could Be Sold Separately: Figure 5
The home office for the owner's unit.

DC's Most Intriguing Lofts Could Be Sold Separately: Figure 6
The kitchen

DC's Most Intriguing Lofts Could Be Sold Separately: Figure 7
The owner's living room

DC's Most Intriguing Lofts Could Be Sold Separately: Figure 8
The home theater

DC's Most Intriguing Lofts Could Be Sold Separately: Figure 9
Bathroom in owner's unit

DC's Most Intriguing Lofts Could Be Sold Separately: Figure 10
The building's black bottom pool

DC's Most Intriguing Lofts Could Be Sold Separately: Figure 11
Owner's roof deck

Photos courtesy of Home Visit.

See other articles related to: pierce school lofts, pierce school, lofts, dclofts

This article originally published at https://dc.urbanturf.com/articles/blog/dcs_most_intriguing_lofts_could_be_sold_one_at_a_time/9047

1 Comment

  1. Payton Chung said at 9:43 pm on Monday November 10, 2014:
    That would make for interesting condo association meetings, since the penthouse owner would have over half of the votes.

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!

Northern Virginia

Profiles of 14 neighborhoods across Northern Virginia

Looking to Give People A Reason to Stay Past 6pm
Happily Straddling the Line Between City and Suburb
Columbia Pike
Arlington’s Neglected Stepchild is Getting a Makeover
Crystal City
Turning Lemons into Lemonade
Lyon Village
Developing An Air of Exclusivity?
Hitting Its Growth Spurt
An Urban Village Hitting Its Stride
Del Ray
Virginia’s Small Town Near the Big City
Eisenhower Avenue
The Vibrancy Might Take a Few Years
The Quiet Neighborhood By the Beltway
Old Town
Mayberry By The Potomac
132 Commerical-Free Acres
Downtown Falls Church
Staying the Same in the Midst of Change
Tysons Corner
Radical Change Could Be On The Way

See more Northern Virginia »


Profiles of 14 neighborhoods in suburban Maryland

Small-Town Living in the State Capital
Bedroom Community Gets Buzzing Cache
Cabin John
In With The New While Maintaining the Old
Chevy Chase
Affluence, Green Lawns and Pricey Homes
Downtown Silver Spring
Experiencing a Resurgence After a Bumpy History
A Suburb on Steroids
Rockville Town Square
Despite the Dynamism, Still Somewhat Generic
Takoma Park
More Than a Little Bit Quirky
A Foodie Magnet on the Verge of Change
Capitol Heights
Kudzu, Front Porches and Crime
Glass Half Full or Half Empty?
Mount Rainier
Artists, Affordable Homes and A Silo Full of Corn
National Harbor
A Development Rises Next to the Potomac
Riverdale Park
A Town Looking For Its Identity

See more Maryland »

Northwest DC

30+ neighborhood profiles for the city's biggest quadrant

16th Street Heights
DC's Sleeper Neighborhood
Where (Almost) Everyone Knows Your Name
AU Park
One of DC’s Last Frontiers Before the Suburbs
DC’s Northern Neighborhood on the Cusp
DC’s 535 House Neighborhood
Cathedral Heights
Do You Know Where That Is?
Chevy Chase DC
Not to Be Confused With the Other Chevy Chase
Cleveland Park
Coming Back After A Rough Year
Columbia Heights
DC’s Most Diverse Neighborhood, But For How Long?
An Island of Serenity East of the Park
Dupont Circle
The Best of DC (For a Price)
Foggy Bottom & West End
Where the Institutional Meets the International
Forest Hills
Ambassadors and Adventurous Architecture
Foxhall Village
350 Homes Just West of Georgetown
Friendship Heights
A Shopping Mecca With a Few Places to Live
History, Hoyas and H&M
Glover Park
One of DC’s Preppier and More Family-Friendly Neighborhoods
A Posh View From Embassy Row
LeDroit Park
A Quiet Enclave in the Middle of the City
Logan Circle
Trendy Now, But Not By Accident
Mount Pleasant
Sought-After Homes Surround Main Street in Transition
Mount Vernon Triangle
From Seedy to Sought-After
The Long, Skinny Neighborhood at the City’s Northwest Edge
Park View
It’s Not Petworth
Penn Quarter/Chinatown
DC’s Go-Go-Go Neighborhood
Getting a Vibrancy of Its Own
The Duke’s Former Stomping Ground
Shepherd Park
DC’s Garden of Diversity
Spring Valley
A Suburb With a DC Zip Code
Not To Be Confused With Takoma Park
Not Quite Like Its Neighbors
U Street Corridor
The Difference a Decade Makes
Woodley Park
Deceptively Residential
Adams Morgan
No Longer DC’s Hippest Neighborhood, But Still Loved by Residents

See more Northwest DC »

Southwest DC

The little quadrant that could

Southwest Waterfront
A Neighborhood Where A Change Is Gonna Come

See more Southwest DC »

Northeast DC

Profiles of 10 neighborhoods in NE

New Development Could Shake Up Pastoral Peace
A Little Bit of Country Just Inside the District’s Borders
Not to Be Confused With Bloomingdale
Fort Totten
Five Years Could Make a Big Difference
H Street
A Place To Party, and To Settle Down
The Northeast Neighborhood That Few Know About
Michigan Park
A Newsletter-On-Your-Doorstep Community
Evolving from a Brand to a Neighborhood
Ripe for Investment Right About Now
The Difference 5 Years Makes
Big Houses, A Dusty Commercial Strip and Potential

See more Northeast DC »

Southeast DC

6 neighborhoods from Capitol Hill to East of the River

Capitol Riverfront
Still Growing
Hill East
Capitol Hill’s Lesser Known Neighbor
Congress Heights
Gradually Rising
Notable for Its Neighborliness
Historic Anacostia
Future Promise Breeds Cautious Optimism
Eastern Market
A More European Way of Living

See more Southeast DC »