More Schoolhouse Condos for Georgetown?
The Corcoran Gallery of Art has issued a press release stating that the arts institution recently sold the former Fillmore School in Georgetown to EastBanc, Inc. The Georgetown Metropolitan is reporting that the development company may turn the property into luxury condos. Located at 1801 35th Street NW (map), the Fillmore School was known for its arts programs for DC youth.
We have reached out to representatives at EastBanc to find out if indeed the future for the building will involve condos. Given the development firm’s history (22 West, 3303 Water Street), we feel that it is a pretty safe bet that there will be some residential component.
What is not necessarily a safe bet is the ability of those condos to eventually sell quickly. Wormley Row, another schoolhouse-cum-condo development in Georgetown, ran into some trouble unloading its units (which were all in the $1 to $4 million range) when they hit the market.
Also, the Georgetown Metropolitan notes the property is currently “zoned for R-3, which doesn’t permit apartment buildings, so an appeal to the BZA would be necessary.”
We will update you about the future of this building when we have more information.
See other articles related to: dc condos, dclofts, eastbanc, georgetown
This article originally published at https://dc.urbanturf.com/articles/blog/more_schoolhouse_condos_for_georgetown/2036.
Most Popular... This Week • Last 30 Days • Ever
When Dan and Tanya Snyder couldn't sell their 30,000 square foot home , the former ow... read »
Cash-out refinancing is a popular financial strategy that allows homeowners to conver... read »
This weekend, the Gallery-Place Chinatown Task Force pitched its ideas to Mayor Murie... read »
DC continues to get close to meeting Mayor Muriel Bowser's goal of producing 36,000 n... read »
For years, UrbanTurf has reported on the hefty profits that DC-area home sellers have... read »
- Dan Snyder Gave His Potomac Home Away, And Now It's Coming Back On The Market
- How Does Cash-Out Refinancing Work?
- A Gallery Walk, A Night Market: 8 Big Ideas Pitched For DC's Chinatown
- 34,000 And Counting: DC Is 96% of Way Towards Meeting 2025 Housing Production Goals
- As Profits Rise, Capital Gains Tax Hits More DC Home Sellers
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. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro