Tag: new apartments

McWilliams|Ballard to Lead the Lease-Up of Vivre, a New Luxury Apartment Community in Sought-After Logan Circle

Posted on February 6, 2023 by - Announcements

Washington, D.C. – February 7, 2023

 

 

McWilliams|Ballard is thrilled to partner with Coba Development in the lease-up of Vivre, a boutique luxury apartment building of 49 residences in the historic neighborhood of Logan Circle. Leasing is scheduled to start in February and Vivre is set to welcome residents later this spring.

 

Vivre is a high-designed apartment community featuring finishes normally only reserved for condominium residences. The homes are infused with meticulous Scandinavian elements like light blonde, custom locally made cabinetry and sleek Bosch panelized appliances. Hosting 9’ ceilings, floor-to-ceiling windows, European white oak flooring, spa baths with custom tile and Kohler fixtures, these residences stand above the rest. Most of the homes also feature private outdoor space in the form of a balcony or private patio. The building is crowned with two expansive penthouse residences with stunning private rooftop terraces offering sweeping city views.

 

Vivre is a full-service apartment community with an onsite full-time concierge, spacious lobby with ride share waiting area and automated package system. On the top floor is a community lounge and adjacent outdoor terrace with a beautiful dining area and grilling stations. Private parking, bike lockers and storage areas are also available for residents.

 

Vivre was developed by Coba, a family-owned, DC-based real estate development company focused on single- and multi-family properties in Washington, DC. They have teamed with the finest architects, builders, designers, and managers, to create homes that inspire.

McWilliams|Ballard, based in Alexandria, Virginia, is a real estate sales and marketing firm specializing in the sales and marketing of new condominiums, townhomes and mixed-use communities. During its 27-year history, McWilliams|Ballard has worked in 13 states nationwide, creating partnerships with developers and builders to provide sales and marketing solutions from project inception to the final closed sale. In addition, the firm also provides consultation and market research used by some of the most renowned developers and investment groups in the country.

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Urban Turf Features Stella’s Rent-To-Buy Program

Posted on November 4, 2022 by - Press

Urban Turf | Washington, DC | November 4th, 2022

 

Last week, UrbanTurf looked at how rent-to-buy scenarios are making a return to the housing market in the current high interest rate environment. Today, we take a look at how a new condo development in DC is utilizing this strategy.

The Stella, an 18-unit condo project in Petworth, is offering a lease-to-own program called “Pathway to Homeownership” on its remaining homes. Here is how it works for a two-bedroom unit: The purchaser and seller come to terms on a sales price of $480,000 for the condo. They agree on a rent amount of $3,400 per month with a lease duration of 12 months. Rent payments are made directly to the title company, and 70% of the monthly rent ($2,380) is held in escrow for the duration of the lease. The remaining 30% ($1,020) is used to cover operational expenses such as condo fees, property taxes, utilities, etc.

At the end of the 12-month lease, the purchaser/renter can elect to move forward to settlement and complete the purchase using the balance of funds held in the escrow account ($28,560) towards their down payment, closing costs, or other settlement costs. Otherwise, the purchaser/renter releases the amount held in escrow as a final rent payment and move-out as they would in a traditional lease.

“Theoretically a person could sign up with this program and end up with 6% of a down payment, just by paying rent for a year,” Robbie Cook of McWilliams|Ballard said. “Since many loan options only require 3% or 5% down, this is more than enough to get someone into a home they then own.”

McWilliams|Ballard Tapped for Lease Up of the Lanes at Union Market, a New Apartment Community in Washington DC

Posted on September 15, 2022 by - Announcements

Washington, DC | September 15th, 2022
McWilliams|Ballard is proud to announce it has been selected to lead the lease-up effort of Ranger Properties’ newest apartment development, The Lanes at Union Market in vibrant Northeast Washington, DC.

The Lanes at Union Market, a LEED Certified, fully amenitized building, features 112 modern apartments with a variety of flexible floorplan options including 1-, 2-, and 3-bedroom layouts. With the ability for renters to rent either the whole apartment or by the room, each apartment features
modern finishes throughout including floor-to-ceiling windows, hardwood flooring and GE appliance package. Residents are able to enjoy designer amenities including a top floor resident club room,rooftop terrace with sweeping city views, multiple rooftop grilling areas and free community wide wifi. Located in the heart of Union Market, The Lanes is just steps to Trader Joe’s Grocery, restaurants, entertainment, the H Street Corridor, and more.

Ranger Properties, founded in 2007, is an integrated property management and full-service development firm with a vast portfolio throughout the East Coast. Led by, Sheldon Stein, the firm focuses on opportunistic investments with a philosophy on project that are not only outstandingly aesthetic but offer a since of surprise for those that live within.

McWilliams|Ballard, based in Alexandria, Virginia, is a real estate sales and marketing firm specializing in the sales and marketing of new condominiums, townhomes, and mixed-use communities. During its 26-year history, McWilliams|Ballard has worked in 13 states nationwide, creating partnerships with developers and builders to provide sales and marketing solutions from project inception to the final closed sale. In addition, the firm also provides consultation and market research used by some of the most renowned developers and investment groups in the country.

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McWilliams|Ballard to Lead the Lease Up of Bodo, A New Boutique Apartment

Posted on December 11, 2020 by - Announcements

Washington, DC | December 11th, 2020

McWilliams|Ballard is proud to announce it will be leading the lease up of Bodo, a new apartment community at 1814 I Street in the H Street Corridor of Northeast Washington, DC.

With leasing starting this month, Bodo will feature 12 urban one- and two-bedroom layouts with comfortable interiors designed to maximize your living space. Residents will enjoy designer finishes including quartz counters, custom imported two-tone cabinetry, stainless steel appliances with gas cooking, efficient LED lighting and a washer/dryer in every unit.   Located within a few steps of famed H Street where organic grocer, Whole Foods sits as a neighborhood anchor among the award-winning restaurants, bars, and shops.  Leasing from $1,600 per month.

For more information, please visit www.bodoapts.com.

McWilliams|Ballard, based in Alexandria, Virginia, is the leading real estate sales and marketing firm specializing in the sales and marketing of new condominiums, townhomes and mixed-use communities. During its 24-year history, McWilliams|Ballard has worked in 13 states nationwide, creating partnerships with developers and builders to provide sales and marketing solutions from project inception to the final closed sale. In addition, the firm also provides consultation and market research used by some of the most renowned developers and investment groups in the country.

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