UrbanTurf alluded to the fact that new condo projects would be coming to Navy Yard in our recent profile on the neighborhood, and now that appears to be happening.
On Monday, Forest City announced that it will sell a parcel of land at The Yards to PN Hoffman, and the developer will build a 10-story, 130-unit building with ground floor retail on the site. The site will not be officially sold until next year, so delivery of the new condos will likely be at some point in 2017. The development site is Parcel O at The Yards, located at Fourth Street and Tingey Street SE (map).
There is not a great deal of information on the new project, but the units will range in size from studios to two-bedrooms and the building will "echo the unique industrial past of the site both in building architecture and unit finishes," according to the release. The project will be located at the site of the Trapeze School New York -- Washington, DC, which will move to a new location within The Yards once the former National Geo-Spatial Intelligence Agency is demolished.
At 130 units, the new development is the biggest for-sale residential project to be announced in DC in years. There are 240 condos planned for The Wharf, but that is split between two projects.
This article originally published at https://dc.urbanturf.com/articles/blog/pn_hoffman_buys_yards_parcel_plans_130-unit_condo_project/8558.
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