Adams Investment Group was specifically sought out by the Tenant Association to convert this superbly located 27-unit apartment building into a stunning for-sale condominium product. Situated amongst DC’s Best Addresses, Adams Investment Group performed a full interior renovation to this 5-story structure, to include: installing all new designer finishes to the lobbies and corridors, installing a new electric service, running new plumbing lines for the newly installed in-unit Washers and Dryers, and completing a total elevator update and rehabilitation. In addition to these standard building improvements, purchasers were each afforded the option to customize their unit finishes with brand new kitchens, new baths, new hardwood flooring, and custom closet solutions. Adams Investment Group was able to creatively structure this partnership to successfully convert 60% of the existing apartment dwellers into new home-owners at prices substantially below market value, while still being able to offer those individuals that wanted to relocate a very competitive compensation package. Through this exemplary Tenant Association partnership, Adams Investment Group was able to reposition this once-drab former apartment building into a striking urban address.
Sold out in 2009.