At the height of the local real estate boom, developers were scrambling to purchase apartment buildings, renovate them and sell them as condominiums. As the real estate market slowed, so did conversion projects, but this type of housing renovation may be making a comeback in the District.
Conversion developments often, but not always, come with a more affordable price than newly built projects because the essential structure of the buildings is already in place. Purchasing a converted condominium enables buyers to become owners of a home with new appliances, new flooring, new fixtures and sometimes even new plumbing and wiring.
At the Mint, at 329 Rhode Island Ave. NE, an apartment house has been converted into 21 condominium units with an average of 1,000 square feet. A bus stop is in front of the building, and residents can walk about two blocks from the Mint to the Rhode Island Avenue Metro station. A Home Depot and other stores are nearby.
The Mint is in the Eckington neighborhood of Northeast Washington, very near to Brookland. Revitalization plans in the area include new homes near Trinity University and Catholic University, along with the recently completed Brookland Artspace Lofts on Eighth Street Northeast. Howard University also is nearby.
The U.S. Capitol is one mile south of the Mint, along with Union Station. The neighborhood also may appeal to employees of Washington Hospital Center and Children’s National Medical Center, which are not far away, off Michigan Avenue.
PERS Development has converted the Mint’s former apartments into homes that will be priced from the $200,000s. Sales will begin later this year, and condominium fees have not been established. Buyers can choose from among several floor plans with one or two bedrooms and one or two full baths, some with a powder room.
Plans call for the Mint to include a glass-enclosed rooftop fitness center and a rooftop deck. The building will have a gated entry and a multicamera security system.
Standard features of the homes include maple flooring, Porcelanosa tiles in the bathrooms, recessed lighting, polished chrome hardware throughout the home, casement-style double-pane Pella windows, and a washer and dryer in each home. Each kitchen includes custom-designed maple cabinets in espresso, Caesarstone counters and stainless steel appliances. The homes are Internet and cable ready.
Unit A includes a foyer entrance with a closet and a door to the powder room. This model has an open kitchen with a breakfast bar and a glass door to a balcony. The open living and dining area has windows on two sides, including French doors that open onto a Juliet balcony. This home also has a bedroom with a double window, a double-door closet and an adjacent bathroom. A closet off the bedroom includes a stacked washer and dryer.
Unit D has an open floor plan, including a kitchen with a breakfast bar and a living and dining area with French doors that open onto a Juliet balcony. This home has a closet with a stacked washer and dryer, a utility closet and a coat closet near the front door. One bedroom has a walk-in closet and a private full bath, along with French doors opening onto a Juliet balcony. The second bedroom has a double-door closet, French doors opening onto a Juliet balcony, and a private door into a full bath that also is accessible from the hall.
For more information about the Mint, contact Greg Schneider of Urban Pace at 202/580-6019 or visit www.MintLiving.com.