Yet another infill development will be appearing on Nicholson Street, NW in 16th Street Heights. Permits have been filed for major work at 1350 Nicholson Street, NW including gut renovation, cellar excavation, a rear addition and a new third story onto the existing two story structure at the address. It looks like the project will end up as a 12 unit multi-family building.
“We were literally first to open for sales in this neighborhood with our client’s project at 1346 Nicholson Street, NW in 2016,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “Project signs were starting to appear around us already. We’re now already sold out and more and more development activity continues to emerge. This 12 unit is a sizable project.”
It’s an exciting time to be a property owner in 16th Street Heights. The single family home market, average prices for sold homes were almost $850,000 ($842,910) in 2016. Condos and rowhomes averaged $590,704 in the area. Small condo projects will continue to appear in various streets like Nicholson Street, NW throughout the zone.
There’s several obvious reasons for the neighborhood’s growth. 16th Street Heights is just outside of Brightwood and is right near Kennedy Street’s exciting retail transformation, Mazza Gallerie, and a ton of other attractions. The Kennedy Street zone has become an active growth area with active residents and new retailers. There’s also plans for an additional DCStreetcar route along Georgia Avenue in the future.
Here’s our 1346 Nicholson condo project. This one is Sold Out! “We’re proud of this project and it’s sell-out. We love bringing in a financial win for our client in this new construction project using the existing structure. The buyers here took in a lot of value to making decisive purchases early on. They’re now in a strong position for appreciation on these homes!”
To find out the value of your current home in 16th Street Heights, check it instantly here. If you’re thinking about selling your home, also check out our unique Sell Your Home Rebate that cuts out a lot of the costs associated with selling your home!