Photo courtesy of Google Maps.
Work has restarted on one of the longest stalled residential projects in DC.
Capital Hill Oasis, located at 12th Street and K Street NE (map) in Trinidad, started going up way back in 2005. The developers planned for ten luxury, five-bedroom, four-story townhouses with elevators, intended for well-heeled buyers.
They also planned a second phase of 16 condos. Though construction was progressing, a series of unfortunate events, well documented by Frozen Tropics, eventually led to the foreclosure of the property. (The events included digging out the foundation in such a way that the wall of a neighboring building collapsed, eventually leading to a fire in that building.)
Since then, the fenced-off project has been an eyesore. But now, reports Housing Complex, Premier Bank (which owns the property) has obtained permits and started construction about a month ago. They hope to be able to deliver the units in either July or August.
Trinidad has proven this year that it can attract high-end buyers. We’ll keep you updated as this project moves forward.
This article originally published at http://dc.urbanturf.com/articles/blog/long-stalled_capitol_hill_oasis_starts_work_again/6973
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