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Development News

New condos near Red Derby selling fast

Just across from the Red Derby, nine new luxury condos went on sale and promptly nearly sold out, with just one unit left since sales opened Jan. 22.
“S2 wanted to expand the 14th Street corridor,” says Jenna Jacobson, Esq., development manager at S2 Development, which built the Lionshead Condominium at 3821 14th St NW. “We really see a future in this part of 14th Street, which is evident from the number of new buildings currently under construction in the neighborhood.” 
Lionshead is home to nine units ranging from 1200 to 1275 square feet--each with three bedrooms and two bathrooms. For variety, each floor plan differs with features such as alcoves, skylights, terraces and rooftop decks.
Plus, this is the first new building in the District to pass the Green Area Ratio (GAR) inspection-- a design that uses varying landscape and storm water management strategies to create environmentally sustainable projects.  Examples include native plants vs. plants that are shipped in and permeable pavers instead of concrete parking pads and walkways.
“We are very excited that our project was the first in the city to be completed and inspected by DDOE,” says Lee Simon, principal at S2 Development. “We worked closely with the landscape architect to design an exterior that satisfies the GAR requirements while adding an attractive aesthetic to the building and creating green spaces for residents.”
Residents are also receiving an advantage on their price tag, says Jacobson. “By building further north on 14th street, we can sell a 1250 square foot condo for the same price that we would be selling an 800 square foot one bedroom and den condo further south on 14th street.”
The units are priced between  $499,000 to $625,000 and are being sold by The Rob & Brent Group of TTR Sotheby’s International Realty.
The property will have also have on-site parking for sale and bike storage as well as one terrace-level commercial space that’s yet to be leased. 

Read more articles by Christina Sturdivant.

Christina Sturdivant is a native Washingtonian who's always watching and writing about the latest cultural, community and innovative trends in the city. She's interested in people and companies that create equitable opportunities for longtime residents and transplants alike.
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