Rendering of new project.
UrbanTurf has learned that the 30-unit mixed-use project at 14th Street and Rhode Island Avenue NW from Abdo Development will be rentals rather than condos.
“The decision to make this a rental project was an internal one, and was not dictated by the market,” Jim Abdo told UrbanTurf. “We like the balance of condos and apartments that we currently have in our portfolio.”
In May, ANC 2F approved the concept and massing for the project at 1400-1404 14th Street NW (map), which will include ground floor retail and second-floor office space . The development will rise six stories on the northwest corner of 14th Street and Rhode Island Avenue where Caribou Coffee now sits. The buildings at 1400-1402 14th Street NW will be demolished, while the facade of 1404 14th Street NW will be preserved.
The project will consist of 30 units, and while units will range from 351 to 1,136 square feet, the average unit size will be about 550 square feet.
“There are a lot of young people that are doubling up and tripling up in apartments right now, and we want to provide a more affordable option,” Abdo said. “Some of the apartments will be priced below market-rate to appeal to those who are priced out of the neighborhood.”
Having received approval from the Historic Preservation Review Board, Abdo said he hopes to get permit drawings filed in the early part of 2013, and break ground before the end of the year.
This article originally published at http://dc.urbanturf.com/articles/blog/new_30-unit_abdo_project_at_14th_and_rhode_island_will_be_rentals/6286
Most Popular... This Week • Last 30 Days • Ever
Approximately 16,550 units delivered in DC between January 2019 and August 2021.... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The seven-bedroom home hit the market on Friday and was under contract by Sunday.... read »
This year will likely go down as the year that prices for houses in DC reached new he... read »
Dubbed OZMA, the 13-story project will include roughly 7,900 square feet of ground fl... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The planned 8-unit development would be located on K Street right along the Potomac R... read »
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The 12,000 square foot replica of 1600 Pennsylvania Avenue went under contract last w... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro