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2 Story to 4 Story: Petworth Mixed Use Conversion Coming To Georgia Ave. NW


Permits have been filed for preliminary work to prepare for a conversion on the 4000 block of Georgia Avenue, NW in Petworth. An existing 2 story building at 4022 Georgia Ave. NW will be converted into a 4 story, mixed use project. Expect condos or apartments up top with a storefront or office at street level. You can also expect Petworth housing prices when the construction is done!

“Petworth condominium prices in 2016 have averaged $550,000 and $650,000+ in the last two quarters,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “You can expect a high price or rent in line with Petworth once this conversion is complete. We’re expecting further major rises in this neighborhood. It’s simply a hot zone in this part of NW.”

Interested in Petworth and don’t want to wait? There’s an alternative right up the street and it’s available right now for move-in. “We’re just over the Brightwood line in 16th Street Heights at a new condo project called The Nicholson Condominiums. We’re ready now and have great pricing compared to Petworth condo prices!”

Here’s a 2BR, 2BA with over 1,000 sq. ft., luxury European kitchen and private outdoor patio space for just $398,850.

This is a great play for the home buyer who really prefers a NW address. 1346 Nicholson Street, NW is right near Kennedy Street’s exciting retail transformation and Mazza Gallerie with Neiman Marcus, Cheesecake Factory and other brands . The Kennedy Street zone has become an active growth area with active residents and new retailers.

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Call 202.759.4114 for info or join the Priority List online. We release building news via email and social media. Watch for more on UrbanLand Company’s Facebook page, including the rest of the photos from yesterday’s staging!

 

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