Eckington Condo Project On Track for Summer Delivery

• May 4, 2011
• 6 Comments

by UrbanTurf Staff

A renovated condo project in Eckington is on track to deliver 21 units by the end of the summer. UrbanTurf spoke with PERS Development president Ramin Bassam, who said that his company’s project Mint Condominium located at 4th and Rhode Island NE (map) will be ready for move-in by late August, and that sales will likely start a month prior, in July. Sales and marketing will be handled by Urban Pace.

The project is a few blocks west of the Rhode Island Avenue-Brentwood Metro station on the Red Line, where a large mixed-use development with retail and over 250 apartments is currently under construction. Units at Mint will be a mix of one and two-bedrooms with prices ranging from the mid $200s to low $300s.

Eckington residents will likely welcome renovation of the building, which suffered a fire in 2009 and had been designated blight by the city. On the other hand, the condos will be higher end than much of the inventory currently available in the neighborhood, so a successful sell-out could be a harbinger of neighborhood change in years to come.

For more on Mint, see:

• Our profile in Pipeline
• Rhode Island Avenue Northeast: Development “Hotspot”
• New condos coming to Rhode Island Avenue

This article originally published at https://dc.urbanturf.com/articles/blog/eckington_condo_project_on_track_for_summer_delivery/3440

6 Comments

1. Jason said at 10:01 pm on Wednesday May 4, 2011:
   I think the address should read 4th and Rhode Island "NE" if this is in fact Eckington. Having said that, mid 200's for a 1 br at that corner seems a bit steep to me...

1. Todd said at 10:52 pm on Friday May 13, 2011:
   Agreed, mid $200s for new 1 BR units isn't that far off the mark, especially considering proximity to RI Metro station and all the development happening there. Directly across the street at 330 Rhode Island, 1 BR units (renovated and sold circa 2003) are priced in the 200s. That building does not include a rooftop deck, gym, or the high tech amenities included in the Mint project. This neighborhood isn't "great" but it's definitely on its way and ripe for more development. Just my 2 cents.

1. Eric said at 10:43 pm on Thursday May 5, 2011:
   The price doesn't seem steep at all to me, and regarding the facade, it is a beautiful original facade that I'm glad is being maintained. Considering 1 bedrooms condos in horrific buildings near Anacostia can sell for between $120k and $150k, mid $200s in a newly renovated building near a Metro station seems like a bargain.

1. Will Smith said at 10:59 pm on Thursday May 5, 2011:
   @Jason, You're right, the address should read NE, not NW. Change made. Thanks for catching that, Will Smith UrbanTurf

1. Kal said at 8:49 pm on Thursday May 5, 2011:
   Are they doing anything to spruce up the facade? Facade improvements is biggest hurdle for NE. It would make change the entire atmosphere if more funding was just spent on simple cosmetics.

1. Josh said at 8:51 pm on Thursday May 5, 2011:
   This building is definitely at 4 & RI NE. Prices are a bit steep for the current market. But bear in mind this is a stone's throw from Bloomingdale/Ledroit Park and down the street from the RI Ave metro buildout. These developers are betting gentrification will come to the neighborhood. Might be a tad early.