Currently under construction, this uniquely positioned property will feature 136 luxury residential units and 58 well appointed senior affordable units, located in the rapidly redeveloping Southwest quadrant of Washington, DC. The project was designed to achieve a minimum LEED Silver designation, and will feature a gym, roof top deck with grilling stations, pool, private lounge, business center, underground parking and storage. Project delivery on schedule for May 2020.
Project Category: Multi Family
16th St. NW & Kalorama Rd. NW
Located in the heart of the Adams Morgan neighborhood in Washington, DC, Potomac Investment Properties and its partners developed Kalorama West- a 4-story, 114-unit residential apartment building in 2014. The property exists in conjunction with the adjacent Dorchester House apartment complex that the Gewirz family developed in 1941, adding up to a combined total of over 500 residential units. Amenities at Kalorama West include 24-hour concierge, a rooftop deck, a generous fitness center, and convenient on site parking for Zip Car. The property is adjacent to a new Harris Teeter grocery store, providing residents with everything they could need in close proximity.
400 E Street SW
Potomac Investment Properties and partners won a competitive RFP from the City to develop two parcels of land in Southwest DC. The RFP included not only the two parcels of land, but a caveat that it must include a redevelopment of the Capital Fire Station. The partnership developed one of the parcels, 400 E Street, into a 214-key Hyatt Place Hotel, with ground floor retail and below grade parking, along with a state of the art fire station for Engine Company 13. The hotel is an outstanding leader within its compset, and is praised as being the first integrated fire station in the Washington Metro area. The second parcel, located at 555 E Street, is currently in development, set to become a mixed-use hotel and condominium with ample retail space.
3050 R St. NW
After winning an RFP from the City to develop what was originally the Hurt Home for the Blind, Potomac Investment Properties and its partners focused on completing an adaptive historic reinvention of the property located at 3050 R Street NW. The development contains 15 ultra-luxury condominium units in the heart of Georgetown, one of DC’s most coveted neighborhoods. Working with their partners and local architect Sorg and Associates, they delivered The Montrose in 2013 where it quickly sold out, achieving in excess of $900 per sf.
515 20th street NW
Potomac Investment Properties and its partners saw an opportunity to redevelop an outdated parking garage in the Foggy Bottom neighborhood of Washington, DC. They envisioned and brought to life a 149-key Courtyard Marriott Hotel, complete with ground floor retail and below grade parking. Delivered in 2013, the property has outperformed projections and is a market leader within its compset. Located just blocks from iconic buildings in the heart of Washington, DC, the Courtyard Marriott attracts guests from all over the world looking to stay in the perfect location to explore our nation’s capital.