Dive Brief:
- A 63-unit, 11-story condo project on New York Avenue in northwest Washington, D.C., is under construction after being mothballed during the recession.
- The building is reusing a 1929 warehouse on the site that was vacant but has a historical designation.
- The developer is the Bozzuto Group in a joint venture with NVCommercial Real Estate Fund, and Bozzuto is the general contractor as well.
Dive Insight:
The project at New York Avenue and L Street is worth noting because, if for no other reason, it is a story about something moving ahead in Washington. That has not been a theme of late in news from the nation's capital. The announcement did not disclose the cost of the project.