LCOR Completes DC Apartment Community
- Oct 01, 2021
Multifamily investment, development and management firm LCOR has completed Morse, a new apartment community in the Union Market enclave of Washington, D.C.
Located at 550 Morse St., the 279-unit property features a 10,473-square-foot rooftop deck, the largest in D.C. That deck will feature 360-degree unobstructed views of the nation’s capital and surroundings.
“Union Market is one of the fastest-growing neighborhoods in D.C., given its exceptional access to transportation, employment centers, night life, destination retail and other neighborhood amenities,” Josh White, LCOR senior vice president, told Multi-Housing News. “The Market is also unique in that it is one of the few industrial neighborhoods of scale in D.C., which gives the neighborhood an authentic, human scale element.”
The property features junior one-bedroom, one-bedroom and two-bedroom homes. Residences include a choice of three curated interior packages, dual rain shower head in showers, floor-to-ceiling windows, smart home-enabled motorized shades, and smartphone-enabled keyless entry. In addition to the rooftop deck, residents will be able to access a number of other amenities, including a business center.
Earlier this year, LCOR secured $135 million in refinancing for Altaire, an apartment community it owns in Alexandria, Va., across from Amazon’s HQ2 development.
Morse will provide residents immediate access to multiple restaurants, entertainment and shopping options within the neighborhood. A food market also named Union Market is also located nearby.
The community also delivers ready access to the Metro, Washington, D.C.’s rapid transit system, as well as major D.C. area thoroughfares.
Those both living in and working in Morse will benefit from the building’s layout, which furnishes designated work spaces located throughout the structure.