flats at blagden alley flyer
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MIXED-USE DEVELOPMENT SITE FOR SALE
FLATS AT BLAGDENALLEYDOWNTOWNWASHINGTON,DC
RE
ADV I SORS
MAC Realty Advisors, LLC (MAC), as exclusive agent, is
pleased to present the opportunity to acquire and develop
24,279 square feet of land zoned C-2-A in Downtown
Washington, DC, only one block from the Mount Vernon
Square Metro Station. Flats at Blagden Alley (Project) is two
separate parcels that can be improved with residential
developments totaling approximately 60,000 FAR, which can
accommodate two buildings with 63 units. Located in
Downtown Washington, DC, the Project is walking distance to
numerous retail and dining options, entertainment and nightlife
amenities, national landmarks and thousands of employers.
The site is one of the premiere boutique urban-infill residential
development opportunities in the DC metro area.
MassachusettsAvenue
9th
Str
eet
M Street
NewYork
Avenue 7
thStr
eet
MassachusettsAvenue
NewYorkAvenu
e
Location
Height
Zoning
1212 9th Land Area917 M Land Area
Total Land Area
Retail SF
Parking Spaces
Unit Mix
Junior 1BR / 1BA
1BR / 1BA
2BR / 2BA
2BR / 2BA + Den
TOTAL
1212 9th St eet & 917 Street NW
Four and Five Stories
C-2-A
8,303 SF15,976 SF
24,279 SF
2,400 SF
33
Units RSF Total % RSF
40 592 23,680 54.5%
9 696 6,264 14.4%
9 948 8,532 19.6%
5 1,000 5,000 11.5%
63 680 43,476 100.0%
2300NSTREET NW,6TH FLOOR
WASHINGTON,DC20037
202.296.0009
WWW.MACREALTYADVISORS.COM
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7/30/2019 Flats at Blagden Alley Flyer
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REALTY
AD V I SORS
MIXED-USE DEVELOPMENT SITE FOR SALE
FLATS AT BLAGDENALLEYDOWNTOWNWASHINGTON,DC
2300NSTREET NW,6TH FLOOR
WASHINGTON,DC20037
202.296.0009
WWW.MACREALTYADVISORS.COM
Tours Begin November 16, 2011
OM Available November 16, 2011
Call or Terms December 6, 2011
Closing 1st Quarter 2012
TRANSACTION HIGHLIGHTS:
WALKING DISTANCE TO DOWNTOWN
The Project is situated near the heart of the Downtown Washington, DC. It is directly across the street from the Washington Convention
Center and walking distance to Verizon Center, Capitol Hill, the National Mall and Monuments, and Metro Center.
METRO-ORIENTED LOCATION
The Project is across the street from the Mount Vernon Square Metro Station (Green & Yellow Lines), three blocks to Chinatown Metro
Station (Red, Green & Yellow Lines), and five blocks to Metro Center (Red, Blue, & Orange Lines). The Metro offers easy access to tens of
thousands of jobs and the best entertainment and nightlife attractions, retail amenities that the Washington, DC metro area has to offer.
NINTH STREET-CORRIDOR ANCHORED BY $1.6 BILLION IN DEVELOPMENT PROJ ECTS UNDERWAY
Three of the most dynamic mixed-use development projects in the Washington, DC area are underway within a few blocks of the Project:
CityCenter DC, an $850 million two million SF mixed-use project; the Marriott Marquis Convention Center Hotel, a $520 million 1,167-
room hotel; and the CityMarket at O, a $260 million project with a 57,500 SF Giant grocery store and 545 residential units.
WELL-POSITIONED AS A CONDOMINIUM OPPORTUNITY
Nearby comparable condominium units have sold for between $550 to $800 per square foot, which makes a condominium execution
attractive. Also, with 63 units, the Project is ideally sized to allow for a rapid sell-out.
HIGH RENTS IN COMPARABLE PROPERTIES
Nearby new Class A rental properties such as Regent, Gatsby, Camden Grand Parc, J efferson at Thomas Circle, Post Massachusetts
Avenue, and 425 Mass are commanding rents of$3.00 to $4.50 per square foot for studio, one-bedroom, and two-bedroom units.
BRUCE LEVIN202.296.0459
ANDREW McALLISTER202.296.0007
CAREN [email protected]