Urban Investment Partners (UIP) of Washington, DC has acquired a ten-story building at 2601 Virginia Avenue, NW across from the Watergate mixed-use complex for $36 million. The seller was George Washington University (GWU), which had used the building as student housing for 17 years. Hall on Virginia Avenue achieved notoriety while operating as a Howard […]
Condominium buyers now have an opportunity to acquire spacious, stylish two-level homes in Washington’s dynamic U Street corridor, just three blocks from the U Street Metro station. Urban Pace has launched sales of The Lofts at 1111W, with prices starting in the $800,000s.
Urban Investment Partners (UIP) of Washington DC has acquired three class C office buildings in the Tenleytown neighborhood of Washington, DC from American University (AU). The portfolio, including the longtime home of National Public Radio affiliate WAMU, traded for $45 million. UIP plans to invest $75 million in order to convert two of the buildings into residential apartments.
Urban Investment Partners (UIP) has acquired Rhode Island Gardens, with 81 apartment homes, for $7.6 million. Originally built in 1931, the property is located at 230 Rhode Island Avenue NE just a half mile from the Rhode Island Avenue Metro station. UIP and the tenants’ association worked together to plan a $7 million renovation to modernize the building and add five new apartment homes.