Real Estate Journal — DelMarVa — September 16 - 29, 2016 — 27A
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A SH I NGTON , DC — Boutique developer Pecar HRG Design Build provides design/const. services, Monument Bank finances Pecar Properties develops two luxury condo buildings on former Capitol Hill church site W
The largest penthouse offers 1,025 s/f of living space plus 892 s/f of private rooftop deck space providing panoramic city views punctuated by the US Capitol and Washington Monument. HRG Design Build pro- vided design and construc- tion services for Stone Flats. Monument Bank provided construction financing. Stone Flats’ residents will enjoy easy access to historic Eastern Market and Barracks Row, home to such wildly popular restaurants as Rose’s Luxury, named Bon Appetit’s
Best New Restaurant in the US in 2014, along with its new and already highly acclaimed sister destination Pineapple and Pearls. And those are just two of the numerous restau- rants lining 8th Street south of Eastern Market, including Ted’s Bulletin, Ambar, Cava Mezze, Garrison, Lavagna, and Matchbox. After developing condomini- ums in the Shaw/Truxton Circle and Capitol Hill neigh- borhoods, Pecar acquired the Mount Paran Baptist Church and several adjacent proper- ties from 2013 through 2015. n
Properties is developing two condominium buildings, with a total of 46 units, on former church-owned prop- erty just two blocks from the Potomac Avenue Metro station in Washington, DC. Stone Flats at 1337 K St., SE and Stone Hill condos at 1345 K St. represent the eastward march of church-to- condo transformation as devel- opers and home buyers seek out some of the city’s quieter established neighborhoods. Presales have begun for Stone Flats’ ten luxury condo- miniums, ranging from highly functional one-bedroom homes to a one-of-a-kind penthouse loft with a private sun deck and monumental city views. Residents are expected to start moving in this fall. At the same time, Pecar has started site work for Stone Hill, an adjacent 36-unit condominium building scheduled to deliver in Fall 2017, on the site of the former Mount Paran Baptist Church. This new community is situ- ated in a pocket of new condo- minium complexes just south of the new Atlas District and the H Street Corridor, and directly east of Barracks Row and Eastern Market. “I was attracted to this neighborhood because it offers an ideal loca- tion on Capitol Hill,” said de- veloper Gene Pecar . “It offers immediate access to Metrorail, Harris Teeter, and major highways. At the same time, our site is on a quiet residen- tial street a block and a half from Pennsylvania Avenue, creating a very comfortable environment for condominium ownership. Given the develop- ment pipeline, this is an area where buyers’ investments can realize genuine upside.” After finding the perfect development site, Pecar went on to create some of the city’s most unique condominium homes, with ten-foot ceilings, oversized bedrooms and clos- ets, soaking tubs, and over- sized energy-efficient Pella windows. Luxury finishes and features include wide-plank hardwood flooring, quartz countertops, Danze plumbing fixtures, Bosch and Samsung Energy Star appliances, LED lighting, and the ButterflyMX smartphone-based access se- curity platform. The building will feature an EV car charg-
Stone Flats
ing station and 24/7 secure controlled access. Two of Stone Flats’ spec- tacular penthouse units have
18-foot living room ceilings, additional exterior storage space, heated bathroom floors, and other high-end features.
Kent County, DE Office Space For Lease
Investors Realty, Inc..
+/- 2,250 SF $16.50 Per Ft. NNN Millstone office complex - Suite 3A 1673 S. State St., Dover, DE
+/- 2,520 SF $16.50 Per Ft. NNN Millstone office complex - Building 5 1695 S. State St., Dover, DE
3,110 SF $18.00 Per Ft. NNN Commodore Commons - Suite 102A/B 230 S. DuPont Blvd. (Rt. 13), Smyrna, DE
1,195 SF $14.00 Per Ft. NNN Town & Country Suites - Suite 3 1000 Smyrna-Clayton Blvd. (Rt. 6), Smyrna, DE
CASEY KENTON, CCIM Direct: (302) 736-0270 Ext. 116 ckenton@i-realty.com www.i-realty.com/commercial
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