Developers CityInterests and CAS Riegler will break ground on a mixed-use building with 70 luxury apartments in Shaw in August, CityInterest partner Peter Farrell says.
The project, at 1250 9th St NW, incorporates elements of the existing three-story, 1920's-era apartment building that currently stands on the site. The building will also take over the vacant lot formerly used by garden supply store
Old City Green.
The apartments will range from studios to two-bed, two-bath units, some of which will use the original brick walls from the 1923 building. The ground floor has 8,200 square feet of retail, room enough for two restaurants or one restaurant along 9th Street and "complementary retail" along N, says Farrell. And about that restaurant: Farrell won't name names, but he says that one tenant CityInterests has lined up is a "very well known restaurant."
Because it is being built in a historic neighborhood, the design has undergone numerous iterations. The building's mostly-final design has more units and preserves more of the historic structure. "We have a historic structure we definitely wanted to retain and promote," Farrell says. "I think we've enhanced the unit count and unit size, [and] we've enhanced the community and public space."
The project is just one block from the
City Market at O development and one block from the Mt. Vernon Square Metro station.
According to the website Rentometer.com, the median rent for one-bedroom apartments in the area is $1,850 per month. However, the units at 1250 9th St NW are being built with a "high level of finishes," says CityInterests partner Alan Novak. "[They will be] very attractive to the target market...to the young professionals who like something snappy."