Home | Newsletter | Advertise
loading...

Italian Embassy Residential Project Could Break Ground in Early 2012

  • September 14th 2011

by Mark Wellborn

✉️ Want to forward this article? Click here.

Italian Embassy Residential Project Could Break Ground in Early 2012: Figure 1
Rendering of The Flats at Il Palazzo. Courtesy of Valor Development.

Valor Development says that it could break ground on its transformation of the former Italian embassy at 2700 16th Street NW (map) into a large residential project by the beginning of next year. The developer presented the planned unit development (PUD) for The Flats at Il Palazzo to the Zoning Commission late last week.

“We’ll be getting proposed action at the end of this month, with a final action in late October,” Valor Development’s Will Lansing told UrbanTurf. “Once those are approved, we’ll start looking towards breaking ground early next year.”

Italian Embassy Residential Project Could Break Ground in Early 2012: Figure 2

The Flats at Il Palazzo will be a development of 110-135 one, two and possibly three-bedroom units, and although it is planned as condos currently that could change over the next several months. An eight-story structure will be built adjacent to the existing embassy and there will be below-grade parking spaces for somewhere between 60 and 90 cars. Lansing said that construction is expected to take 18 months, so the project could deliver in mid-to-late 2013.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/italian_embassy_residential_project_could_break_ground_in_early_2012/4146.

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