Possible “affordable” condo alert

Ranging from high $100 to 1/2 mil. My spider senses say fewer units in the $100 range and more in the 1/2 mil range. Anyway The Rhode Island at 1929 1st Street NW will have an open house according to a post on the Logan Circle listserv:

Subject: Open House – The Rhode Island at LeDroit Park

Sneak Preview at The Rhode Island at LeDroit Park. We will offer our first on on Saturday, July 23rd and Sunday, July 24th from 2:00 -5:00 pm.

A mix of studios, one, two and three bedroom units with pricing from the high $100’s in this quaint 13 unit condominium project. We project the units to be delivered Fall 2005.

During the Sneak Preview you will have the opportunity to complete a reservation agreement and financial statement onsite to reserve your future home. An earnest money deposit of 5% of the purchase price and loan approval from one of the developer’s lenders is required to reserve a unit.

Perferred Lenders
Bill Plante Paul Watkins
George Mason Bank Citibank Mortgage
301-841-1303 240-876-1252
Email: bplante@gmmllc.com Email: paul.a.watkins@citigroup.com

We look forward to meeting with you to discuss our new project.


Kim Mitchell
Sales Manager
KL Associates, Inc
202-462-5106 ext. 26
Email: kmitchell@klproperties.com

In this they FAILED to list the address. I had to spend a good 5 minutes hunting down the address and found it at DC Real Estate. I guess I could have just gone to the KL site but really, you announce a property it helps to tell where the heck it is…. Doesn’t help that it is not on Rhode Island Avenue.

3 thoughts on “Possible “affordable” condo alert”

  1. “from the high 100s means $199,999.99 for that studio. anyone go look at the floorplan for that? It’s tiny, but I suppose it still represents an opportunity for someone just starting out. you won’t be having any parties, though 🙂

    still, I welcome all the development in this area. retail will follow, but its so glacial right now. take 4th st cleaners…how long till that’s open?

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