Home | Newsletter | Advertise

Dupont Circle Townhouse Package Sells, 20-Unit Condo Project Planned

  • September 29th 2015

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

Dupont Circle Townhouse Package Sells, 20-Unit Condo Project Planned: Figure 1
1508-1512 21st Street NW

The sale of three adjacent Dupont Circle rowhouses, which hit the market at the beginning of the year, recently closed, and the new buyer has plans to convert the properties into a 15-20 unit condo development, UrbanTurf has learned.

The Victorian rowhouses at 1508, 1510 and 1512 21st Street NW (map) were listed by The Bediz Group in February for $6.485 million. The homes went under contract to an investment group not long after being listed and closed last week following a seven month due-diligence and preparation process.

“We sold the properties for significantly higher than asking price,” Bediz Group founder David Bediz said in a press release.

Jud Allen, part of the investment group, told UrbanTurf of the group’s plans.

“We are going to redevelop the property into a boutique luxury condo project,” Allen said. “The project will be a mix of large one and two-bedroom units with elevator access and large outdoor patios.”

Allen expects the project to have a total of 15 to 20 condos, and says the delivery estimate is mid-2017.

See other articles related to: dupont circle, dupont circle condos

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/dupont_circle_townhouse_package_sells_20-unit_condo_project_planned/10392.

Pipeline: New Condos & Apartments Coming to the DC Area

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse