Urban Pace and 10 Square Real Estate (10 Square) have closed on the sale of two Inclusionary Zoning (IZ) affordable condominiums at Centrie, a new 22-unit condominium development in Shaw. These are the fifth and sixth IZ units to be sold in Washington, DC since the IZ program launched in 2009.
Just two blocks from the Shaw Metro station in northwest Washington, DC, locally-based boutique real estate developer Community Three Development has topped out its latest project: a 22-unit condominium building with contemporary flair and an exhaustive list of energy efficient and sustainable building features. Centrie, located at 435 R Street, NW, is scheduled to deliver in May 2014 and will be the first new condo development of its size in Shaw in over a decade. Urban Pace, which provides innovative sales and marketing services to real estate developers in Washington’s urban neighborhoods, will begin pre-selling Centrie’s one- and two-bedroom condominium residences shortly, with prices beginning in the $300,000’s.