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New mixed-use building coming to Lanier Heights in 2015

1827 Adams Mill Road NW

Demolition of the Exxon gas station at 1827 Adams Mill Road is set to happen sometime in July, says Bob Cohen, founder and president of Perseus Realty. In its place will be a mixed-use condominium building, set for completion in early 2015.
PGN architects and developers Perseus Realty are still in the early design phase of the project, with even the number of condos still not set in stone.  Cohen did say there will be somewhere between 35 to 40 units—with a target right around 38—in this boutique condo building, with about 24 underground parking spaces beneath it. The architects are designing a project in keeping with the look of the area, but with a contemporary spin, says Cohen. Added bonuses for the residents will include a fantastic view from the front of the building.  
"We have a very fun rooftop deck planned with couches and grills, broken into two or three segments so different residents can have gatherings and share the space without being on top of each other," says Cohen. "There’ll be some great views up there too."
From the building’s roof, residents should be able to catch a good view of the Washington Monument and have great seats for things like fireworks during the July 4 celebrations and New Year’s Eve.
Urban Pace will handle the sale and management of the units once they do go up for sale, which is not for a good while, says Cohen.  The 8,600 square feet of retail space will be also be up for sale and could turn into two or three different retailers—again not available just yet.

"We love to bring in things into the neighborhood people need," says Cohen. "There are a lot of restaurants, and it doesn’t mean we won’t do another one, but we want to give people what they want, whatever that might be."
The average sale price for the last three months in Lanier Heights was $398,000, or an average of $491 per square foot for the same time period, according to Trulia.com. Lanier Heights—bounded by Calvert St. NW, Columbia Road NW, Harvard St. NW and Beach Drive—though often considered just another part of Adams Morgan is a very diverse neighborhood that has skyrocketed in popularity recently. In the last year alone, average sale prices per square foot of housing has jumped 37 percent, according to Trulia.com.

Read more articles by Lisa Spinelli.

Lisa Spinelli is Elevation DC's development editor as well as a freelance journalist, copy editor and mother of two. After receiving her Master of Science in print journalism from Columbia University in 2004, Lisa worked across the country and in Italy as a journalist, editor and Web editor. Her website LisaSpinelli.com has links to a smattering of her published clips.
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