Tag: New Condominiums

Office-to-Residential Conversion in Old Town North to Open

May 24, 2021 | Alexandria Living Magazine Staff Writer

A new condo building at 801 N. Fairfax St. is under construction now in a formerly empty office building.   A commercial-to-residential building transformation at the corner of North Fairfax and Montgomery streets is under construction. The project, at 801 N. Fairfax St., will feature 54 condos.

One-bedroom condos will start in the upper $500,000’s. Two-bedroom condos will start in the mid-$600,000’s and two-bedroom-plus-den condos will be priced in the low $900,000’s. All will have open floor plans 10-foot ceilings, gourmet kitchens and plenty of natural light. The building was an empty office building and is being renovated by Abramson Properties and McWilliams|Ballard.

The condo building’s website, at live801north.com, is inviting would-be residents to sign up for more information about the property.  The building is located near the hotel-to-residential conversion project at the Crowne Plaza in the Old Town North neighborhood.

McWilliams|Ballard Announces the Launch of 4 Sales In First Week at Axumite Village in Arlington, Virginia

Alexandria, VA – March 30, 2021

McWilliams Ballard is proud to partner with Axumite Village LLC to announce the launch of sales at Axumite Village steps away from Columbia Pike in Arlington, Virginia.

Axumite Village is a contemporary collection of townhome-style condominiums with a variety of one-, two-, three- and four-bedroom floorplans.  All residences feature spacious layouts with sleek appointments, quartz waterfall counters, stainless steel appliances, hardwood flooring, lots of natural light and off-street parking – conveniently located within minutes of many restaurants, shops, Downtown DC, and the best of Northern Virginia.

The community’s naming convention takes inspiration from the ancient city of Axum, which is located in Tigray, Ethiopia.  The city of Axum is renowned for its archeological sites, the most famous of much are the obelisks.  These columns of beautiful granite can stand up to 80 feet tall, weigh 320,000 lbs. and were used to mark the royal burial chambers of high nobility.

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 25-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 announces the launch of sales of 1214 Euclid Street Northwest in Columbia Heights

Washington, DC | March 6th, 2021

McWilliams|Ballard is thrilled, in partnership with Santorini Capital, to announce the launch of sales at 1214 Euclid Street in the thriving Columbia Heights neighborhood of Northwest Washington, DC.

A boutique offering of just two classically modern residences, each home has an expansive 2,000 square foot multi-level layout hosting three-bedrooms, 3 full and one-half bathrooms and refined, designer finishes throughout.  Homeowners will enjoy easy access to the DC USA shopping center, the famed U Street Corridor, several restaurants, shops and more out their front door.

McWilliams|Ballard, based in Alexandria, Virginia, is the leading real estate sales and marketing firm specializing in the sales and marketing of new condominiums, apartment, townhomes and mixed-use communities. During its 25-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’s Year End Condominium Market Overview Report Explains the 10% Dip in Metro Area New Condominium Sales in 2020 Was a Result of New Project Delays, Not Sagging Demand

Washington, DC | February 22nd, 2021

McWilliams|Ballard has released its 2020 Year End Washington Metropolitan Area Condominium Market Report.  The report is a comprehensive analysis of the new and resale condominium marketplace in the Washington Area over the past 12 months.

The report confirms the COVID-19 pandemic’s effect was to delay the start of many new projects in The District, particularly in the critical months of March and April. More than any demand factors, this was the cause of the 262-unit year-over-year decline in Metro Area new sales to 2,411, a 10% decline. This response is temporary and not indicative of a longer downward trend. While the District’s new sales count fell 18%, several jurisdictions, including Alexandria City, Fairfax County, and Loudoun County, saw increased new sales, and all jurisdictions posted increases in the number of resales and average price.

Condominium resale quantity saw a 3.7% increase with a 6% average price increase over 2019. Average resale days on market fell three days as well. This is indicative of a lack of supply in the new condominium market and buyers bidding up prices for available resale product.

The development pipeline remains mostly composed of large apartment buildings, with, at most, 12% of units in the near term pipeline expected to deliver as for-sale condominium.  Projects expected to deliver as for-sale condominium are also much smaller and unlikely to accumulate significant unsold inventory.

For your own copy of the McWilliams|Ballard 2020 Year End report, please visit www.mcwb.com/services.

McWilliams|Ballard, based in Alexandria, Virginia, is the leading real estate sales and marketing firm specializing in the sales and marketing of new condominiums, apartment, townhomes and mixed-use communities. During its 25-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 Announces Sales At Maddox In Northwest Washington Will Kick Off This Week

Washington, D.C. – Tuesday, February 9, 2021

McWilliams Ballard is proud to announce Maddox, a new boutique condominium community, is set to launch sales this week.

Located along famed Georgia Avenue, Maddox features 18 modern condominium flats with one- and two-bedroom layouts, three penthouse homes have multi-level living, private roof decks and incredible views of DC.  Every residence hosts sleek interior finishes, large floor-to-ceiling windows, hardwood flooring, quartz countertops, Bosch appliances with gas cooking and ELFA closet systems. The community features a secure entry lobby, available private parking and storage.

“ We are so excited to start sales at Maddox. Because the development team started in custom single-family homes, every part of this boutique community has been meticulously engineered and designed to the highest of standards. On top of it all, Maddox’s location in the heart of Park View, just minutes to Howard University and the U Street Corridor, as well as everything that’s exciting in Petworth means there are incredible opportunities for entertainment, dining, and recreation just out the front door,” said Robert Cook, Vice President of McWilliams|Ballard.

The development of Maddox is led by partnerships between Clemens Builders, a local full-service construction and development firm, and Ventura Group, a custom home builder with experience throughout the Washington Metro Area.

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 25-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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The Randolph in Columbia Heights Has Completed Sales & Settlements

Washington, DC | November 11th, 2020

McWilliams|Ballard is pleased to announce The Randolph, a collection of 9 well-appointed condominium residences have completed sales and settlements in the Columbia Heights neighborhood of Washington, DC.

Each home is carefully designed to offer expansive living throughout each three- and four-bedroom layout featuring sleek designer finishes, chef-inspired kitchens, spa baths, hardwood flooring and more – all in one vibrant urban location.  The Randolph is located just moments to the Petworth metro station and within quick access to both the 14th Street and U Street Corridors.

Developed by YW Capital Development, a real estate development firm that focuses on multifamily and mixed-use developments in the Washington Metropolitan area.

“As a company, we pride ourselves on working with developers and projects of all sizes.  Working with YW Development has led to a number of other engagements due to our ability to scale our strategic approach to new home sales, allowing for efficient sales processes and quick sell-outs,” says Chris Masters, Executive Vice President at McWilliams|Ballard.

McWilliams|Ballard, based in Alexandria, Virginia, is the leading real estate sales and marketing firm specializing in the sales and marketing of new condominiums, apartment, 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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McWilliams|Ballard’s Mid-Year Condominium Market Report Predicts Recovery in the Second Half of 2020

Washington, DC | August 11, 2020

McWilliams|Ballard has released its 2020 Mid-Year Condominium Market Report for the Washington Metropolitan Area.  The report is a comprehensive analysis of the new and resale condominium marketplace in the Greater Washington Area for the first two quarters of 2020.

The report confirms that the strong fundamentals of the Washington Metro Area and tight supply have insulated the condominium market during the ongoing COVID-19 Pandemic. With increased traffic and sales beginning in May and June, the new housing market is expected to rebound into the second half of the year with a projected decline of only 4% in new sales relative to 2019.  Additionally, resale prices have seen a 3.8% increase and the average days on market declined by 14 days.

For your own copy of the McWilliams|Ballard 2020 Mid-Year report, please visit www.mcwb.com/services.

McWilliams|Ballard, based in Alexandria, Virginia, is the leading real estate sales and marketing firm specializing in the sales and marketing of new condominiums, apartment, 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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