What's Hot: The 2,600 Units in Progress, and 500 Units on Hold, in Rosslyn | Do Three Months of Rising Home Sales Mean The Market is Turning a Corner?
Sold Out: First Major Townhome Development by the Ballpark
One of Capitol Riverfront’s most recognized new projects, Capitol Quarter, has officially sold out. Capitol Quarter is a seven-block development of colorful townhomes near Nationals Park. Centered around K and 4th SE (map), the project includes 77 market-rate and 36 workforce homes. (Workforce homes are the housing tier between low income and market rate units. In order to qualify, the household income must be 80-120 percent of the area median income.) Capitol Quarter started delivering in early 2009, with buyers moving in by April.
The sell-out is actually for Phase I of Capitol Quarter. Phase II is set to break ground toward the end of this year. With 77 market-rate and 34 workforce homes, it will be about the same size as Phase I. It will also include nine 24-foot-wide corner homes, a model type that wasn’t available in Phase I but which developer EYA thinks will be very popular.
“The rooftops of those units will have some of the best views in the area,” EYA vice president of sales and marketing Preston Innerst told UrbanTurf.
EYA plans to begin sales of Phase II properties this summer, with the first move-ins occurring next spring or summer. Innerst estimates that once both phases are complete, Capitol Quarter will have brought about 600 new residents to the ballpark area, a sizable contribution given that the neighborhood’s entire population currently stands at about 2,700.
See other articles related to: capitol quarter, capitol riverfront, dclofts, sell outs
This article originally published at https://dc.urbanturf.com/articles/blog/sold_out_first_major_townhome_development_by_the_ballpark/1931.
Most Popular... This Week • Last 30 Days • Ever
New renderings show the public space that will be part of the huge new residential de... read »
As Los Angeles looks to implement a "mansion tax" on April 1, UrbanTurf decided to ta... read »
Several large projects are in the works across the Potomac in Rosslyn while others ha... read »
In this week's edition of Above Asking, we highlight a home in Mount Pleasant that so... read »
Brookland Lanes is a large residential development constructed around the site of a f... read »
At an ANC 4A meeting on Tuesday night, representatives from Whole Foods said that the... read »
While homeowners must typically appeal by April 1st, new owners can also appeal.... read »
The application has been filed for the American City Diner along Connecticut Avenue i... read »
The 650,000 square-foot project, designed by Adjaye Associates and Hickok Cole, will ... read »
The largest development on the boards for the H Street Corridor is planned for a fami... 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 »
- Whole Foods at Walter Reed To Open This Summer
- How to Appeal Your DC Property Tax Assessment
- Raze Application May Spell The End For One of DC's Last Diner Buildings
- A First Look at the Five-Building Centerpiece of the St. Elizabeth's Redevelopment
- 200-Unit Apartment Project Planned For Autozone Site Along the H Street Corridor
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