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Sponsored: The Mint Sets New Standard for Eckington at $400 Per Square Foot

  • June 13, 2012

by UrbanTurf Sponsor

Sponsored: The Mint Sets New Standard for Eckington at $400 Per Square Foot: Figure 1
The Mint

The Mint, a boutique condo property that opened in Eckington this past March, is setting a competitive bar for the emerging neighborhood.

Real estate has been heating up in Eckington, with a slew of new construction projects and many of the neighborhood’s row houses undergoing renovation. But while the average property sale hovers in the upper $200s to low $300s per square foot, The Mint, a 21-unit project, shattered those price points at $400 a square foot—and for good reason.

The Mint is centrally located at Rhode Island Avenue and 4th Street NE (map) and is the creation of PERS Development, a firm with a reputation for developing high-quality, modern properties. The building has stylishly designed common areas and a number of boast-worthy features.

Sponsored: The Mint Sets New Standard for Eckington at $400 Per Square Foot: Figure 2
The roof deck at The Mint.

Residents have access to a 4,000 square-foot rooftop that includes a glass enclosed fitness center and lounge with a solar-heated shower. For bicyclists, a Capital Bikeshare station is located directly in front the building, and for commuters, the Rhode Island Metro Station on the Red Line is just two blocks away. Soon, PERS will announce major plans for their ground-level retail space.

The Mint is a true boutique property, with fewer units than your average condo development. Their one- and two-bedroom units start at around 1,000 square feet, and stainless steel appliances, maple wood cabinets, hardwood floors, an in-kitchen wine cellar, Spanish porcelain tiles, and in-unit washer/dryers all come standard.

Sponsored: The Mint Sets New Standard for Eckington at $400 Per Square Foot: Figure 3
A living room at The Mint.

Eckington sits just north of NoMa and west of Brentwood. Populated by turn-of-the-century row houses, it has a distinct, residential feel—though the new Rhode Island Station shops and a Home Depot and Giant Food are all nearby. The neighborhood is bound to see a lot more development over the coming years, and as such, PERS Development believes that it will be able to repeat the success it has had with The Mint with other new projects that can continue to set the bar for price appreciation.

See other articles related to: sponsored articles, mint, eckington, dclofts

This article originally published at http://dc.urbanturf.com/articles/blog/sponsored_the_mint_sets_new_standard_for_eckington_at_400/5628

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