Developers are taking note of DC’s condo shortage.
Bozzuto Homes will start construction on a 96-unit condo project at the southeast corner of 15th and V Street NW in the coming months, with an anticipated completion date of late 2015.
The nine-story project will have a mix of studios, one- and two- bedroom units. In addition to a roof deck, patio and community lounge, the development will have 37 underground parking spaces as well as bike storage. The building was designed by WDG Architecture, and will be adjacent to the planned redevelopment at Portner Place.
For years, new condo projects of more than 30 or 40 units were few and far between in the DC area for financing reasons. With today’s announcement and the news yesterday of a 130-unit development coming to Navy Yard, it appears that larger projects may be coming back.