Sold Out: First Major Townhome Development by the Ballpark

• April 1st 2010

by Will Smith

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One of Capitol Riverfront’s most recognized new projects, Capitol Quarter, has officially sold out. Capitol Quarter is a seven-block development of colorful townhomes near Nationals Park. Centered around K and 4th SE (map), the project includes 77 market-rate and 36 workforce homes. (Workforce homes are the housing tier between low income and market rate units. In order to qualify, the household income must be 80-120 percent of the area median income.) Capitol Quarter started delivering in early 2009, with buyers moving in by April.

The sell-out is actually for Phase I of Capitol Quarter. Phase II is set to break ground toward the end of this year. With 77 market-rate and 34 workforce homes, it will be about the same size as Phase I. It will also include nine 24-foot-wide corner homes, a model type that wasn’t available in Phase I but which developer EYA thinks will be very popular.

“The rooftops of those units will have some of the best views in the area,” EYA vice president of sales and marketing Preston Innerst told UrbanTurf.

EYA plans to begin sales of Phase II properties this summer, with the first move-ins occurring next spring or summer. Innerst estimates that once both phases are complete, Capitol Quarter will have brought about 600 new residents to the ballpark area, a sizable contribution given that the neighborhood’s entire population currently stands at about 2,700.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/sold_out_first_major_townhome_development_by_the_ballpark/1931.