Perseus Realty has sold all of the luxury condominiums at its latest residential development, The Adamo, in the dynamic Adams Morgan neighborhood of Washington, DC. The building’s 8,000 square feet of street-level retail space has been leased to the recently opened restaurant, Tail Up Goat, and the first East Coast location for San Francisco-based Philz Coffee.
Urban Investment Partners (UIP), in partnership with Philadelphia-based Lubert-Adler Partners, has acquired Embassy Towers, a 72-unit apartment building in Washington, DC’s Adams Morgan neighborhood, for $13.25 million. The property is located at 1620 Fuller St., NW, across the street from the historic former Italian embassy building, which is slated for redevelopment.
In the heart of Adams Morgan, one of the most exciting neighborhoods of Washington, DC, Perseus Realty is developing The Adamo, a 34-unit luxury condominium with contemporary flair. The project, scheduled to deliver in May, 2015, will include 8,500 square feet of ground-level retail space with at least one new signature restaurant. Located at the confluence of Calvert Road, Adams Mill Road, and 18th Street The Adamo will offer expansive views from its roof deck and upper levels.
Urban Investment Partners (UIP) in partnership with Infinity Real Estate (IRE) of New York City has acquired a 114-unit apartment building at 1841 Columbia Road, NW in Washington, DC, formerly known as The Alcazar, for $26 million. The seller was Fairfield Residential Company. Arbor Commercial Mortgage of New York provided the acquisition and project debt […]