Congress Street
Opportunity
J Street announced in early 2018 the acquisition of two adjacent properties at Congress and L Streets, NE in the dynamic NoMa/Union Market neighborhood of Washington, DC. The Congress Street development will offer a rare chance for condominium ownership at prices in reach of many first-time homeowners in the NoMa/Union Market neighborhood. The development will include both on- and off-site condominium units for households earning less than median income.

Execution
Working with Nelson Architects, J Street will develop the site into 62 condominium units. Sited between NoMa, Union Market and H Street, residents will be able to walk, bike or Metro to destinations all over the City including evening movies in NoMa, the H Street streetcar, events and culinary attractions at Union Market and the brand-new REI at Uline Arena. Congress Street complements J Street's work in NoMa over the past 15 years, where the firm already acquired, developed and sold over five acres within the NoMa and Florida Market submarkets.

Status/Exit Strategy

Completion is expected in early 2020. Urban Pace has been retained for sales and marketing of the 60,000-square foot project.

Related Articles About Congress Street
Washington Business Journal
Washingtonian Magazine
MultiHousing News