By Laura Calugar
J Street Cos. acquired 2126-2128 N. St. N.W. within the Dupont Circle neighborhood of Washington, D.C., with the intention to clear the way for a nine-unit luxury condominium building that will be known as The Pacifica. Eagle Bank provided the acquisition financing for the property. The new residential project will be designed by GTM Architects and McCullough Construction will be the general contractor.
Situated on a one-way street two blocks from Dupont Circle, The Pacifica condos will average 1,500 square feet and feature a common area roof terrace, private outdoor spaces, private parking, an elevator, stone countertops, custom cabinetry, hardwood and porcelain tile floors and high-end kitchen appliances and finishes. The project is being designed to pursue LEED for Homes with ENERGY STAR certification.
“Located at the confluence of venerable Dupont Circle and West End neighborhoods and a few blocks from Georgetown, The Pacifica will be pedestrian friendly, metro accessible and just steps from an abundance of retail and restaurant choices. We look forward to bringing these elegant condos to market through the sales team at Compass,” said J Street Chairman Bruce Baschuk, in a prepared statement.
Existing buildings to be razed
2126 and 2128 N. St. N.W. are both slated for razing to clear the way for a larger condominium building to occupy their lots as well as two adjacent currently empty lots.
In partnership with Dupont Circle Citizens’ Association, J Street Cos. plans to offer the two buildings—or their ornate facades—free of charge, to anyone promising to make good use of them in a separate residential or commercial application. According to the Washington Business Journal, the two existing buildings are worth approximately $1 million. The receiver of the assets will be responsible for obtaining all the necessary permits and arranging the move.
The developer intends to begin site work this month, with project completion anticipated for early 2019.
Images courtesy of DCCA & J Street Cos.