The Wharf’s First Residential Building To Deliver in 2017

• March 17, 2015
• 6 Comments

by Lark Turner

The first residential building at the Wharf, a 3.2 million-square-foot, $2 billion redevelopment on the Southwest Waterfront from developers PN Hoffman and Madison Marquette, will deliver in 2017.

Sales on the development’s first condo project, Vio, will start this spring with the project delivering in the fall of 2017.

The 12-story, 112-unit building will include a broad mix of studios, one-beds, two-beds, three-beds and penthouses. The units were designed by Handel Architects in collaboration with WDG Architects, according to a news release. The building will have an infinity pool on the roof.

Most units will come with a parking space, according to the development team, and some will have private elevators accessed from the Wharf’s promenade level, where retail and restaurants are planned. The entire first phase of the Wharf will deliver by the end of 2017.

This article originally published at http://dc.urbanturf.com/articles/blog/the_wharfs_first_residential_building_moves_forward/9654

6 Comments

1. Mike25 said at 6:51 pm on Tuesday March 17, 2015:
   Wow, pretty aggressive to start selling 2.5 years in advance of delivery. It would be to be a pretty special buyer (or an exceptionally great value) to be willing to enter into a contract that far in advance.

1. Paul S said at 7:39 pm on Tuesday March 17, 2015:
   If you follow the request information on the Vio's website the 1BRs start at $600K, 1BR/D at $700K, 2BR at $1.2 million. Ridiculous.

1. dcdotcom said at 8:06 pm on Tuesday March 17, 2015:
   Paul S...I agree with you regarding the prices for units in the Vio, they are ridiculous. I live in SW, all I can say is there goes the neighborhood. Aren't there set asides for affordable housing?

1. Paul S said at 1:47 pm on Wednesday March 18, 2015:
   Even if there are set asides for affordable housing these prices just create a donut hole where you have to be filthy rich or relatively poor to live in the building.

1. swester said at 9:53 pm on Wednesday March 18, 2015:
   Are these prices really a surprise to anyone? This entire project has been labeled as creating a "world class" waterfront destination, and the properties are undoubtedly targeted at the same sort of wealthy investors that have bought up half of Manhattan's high-rises. As an owner in Southwest, this seems to bode well for property values. But it sure is going to change the character of the neighborhood. I do have a pretty good feeling a lot of people will be putting down deposits right away for these units. Whether or not they decide to close in a few years time is a whole other subject entirely.

1. yogeshu said at 12:35 pm on Thursday March 19, 2015:
   Remember that sea-front condos in southwest DC have very high monthly condo association fees of around $800-1,000/month. The project is very good for foreign investors, who will put a nominal deposit now and sell the condo at high price in 2 1/2 yrs. It is also good for developer who will sell a small number of condos at low price now, and then based on that sale, will market the remaining condos at high price.