In Washington, D.C.'s Truxton Circle neighborhood, you're more likely to find modest row houses and social service agencies then opulent abodes, but it looks like one developer might be looking to change that. Tomorrow, D.C.-based developer Ditto Residential will begin excavation on the site at the corner of P and 4th streets NW for multi-million dollar condos in a neighborhood that typically sells homes for less than $700,000.
Last March, Founder of Ditto Residential Martin Ditto said that he was excited to bring something "special and transformative to the area," adding that the area is "kind of an ugly duckling." When Curbed DC asked Callie Bruemmer of Ditto Residential why the developer was interested in building multi-million dollar condos in that particular neighborhood, she had more positive words to say. "It's a great neighborhood. It's a neighborhood we want to be in because it's authentic, and real, and you have really interesting local businesses and entrepreneurs," she said.
The exact asking prices for each unit is still yet to be determined, but they will be over $1 million. While last March, The Washington Post reported that the development would feature two two-bedroom condos and two three-bedroom condos, Bruemmer recently informed Curbed DC that all four of the condos will have three bedrooms each.
Each roughly 2,250-square-foot unit will also feature two-and-a-half bathrooms. Designed by architecture firm Dep Designs, the development will sport a very modern design with a Cyprus wood paneling facade. Each unit will also come with hardwood flooring and either a private rooftop deck or patio.
No renderings are available yet on what each unit will look like on the inside, but for those interested in moving into the neighborhood, these condos are expected to land on the market by May 2016.
· $1M Luxury Condos Planned for 'Ugly Duckling' Truxton Circle [Curbed DC]