KETTLER Tapped to Manage Washington, DC Community
- Dec 16, 2019
MRP Realty and FRP Development Corp. have tapped KETTLER to manage Maren, a 264-unit luxury apartment building under construction in the Capitol Riverfront neighborhood of Washington, D.C. Maren is the sister property to the completed Dock 79, which KETTLER also manages.
Pre-leasing of Maren, which broke ground in early 2018, is currently underway and first move-ins are scheduled for next February. Located at 71 Potomac Ave. SE, the approximately $110 million new community will offer wraparound views of the Anacostia River and the city’s national monuments. Units will range from studios to three-bedroom floor plans with balconies and floor-to-ceiling windows.
The homes will have upscale finishes such as Brizo plumbing fixtures with touch faucets, smart thermostats and LATCH unit smart locks. Common amenities will include a roof deck with swimming pool, fitness center, lounge with fully equipped bar, and on the second level, a flexible workspace managed by MakeOffice.
The property will also provide secure garage parking and a 6,500-square-foot, double-height event space adjacent to the ground-floor lobby. The space, called The Bend, will be available to residents as well as the public for private events. Residents will also have access to the dining and drinking options of All-Purpose Pizzeria, The Salt Line and Dacha Beer Garden, located in a large public plaza with a direct connection to the neighboring Dock 79.
Waterfront site evolves
MRP and FRP Development partnered in 2012 to redevelop an old concrete plant immediately south of Nationals Park into a 1.1 million-square-foot, mixed-use waterfront project. The development’s first phase, Dock 79, was completed in 2017, providing 305 rental units along with 20,000 square feet of retail, a boardwalk and various outdoor amenities.
KETTLER, which manages roughly 20,000 apartments across the Northeast, Mid-Atlantic and Southeast, also develops and invests in commercial and multifamily properties. In August, the company purchased The Aster, a 493-unit luxury community near Raleigh, N.C., from Woodfield Investments and Goldman Sachs.