[Photo courtesy of Louis at 14th]
The Louis at 14th luxury apartment complex isn't done yet but may have already changed hands. We got word that ARA Real Estate is under contract to purchase the decadent development from JBG and that the sale will be completed before anyone moves in at the end of the year. It's one of two complexes that the busy developer has unloaded in the U Street neighborhood, but Louis at 14th has generated a lot of buzz, in no small part due to the attached Trader Joe's. We haven't yet heard back from JBG or ARA regarding the reason for the sale, but we'll update you when we do.
· JBG Puts U Street Projects Up For Sale [UrbanTurf]
· ARA is Pleased To Announce The Exclusive Engagement of The JBG Companies for the Sale of Louis At 14th [Official Flyer]
· All Louis at 14th Coverage [CDC]