GREENBELT, Md., Oct. 18, 2013 /PRNewswire/ -- The Bozzuto Group, a Greenbelt, MD-based real estate services company, announced today that the company has begun construction on a new 63-residence luxury condominium development, 460 New York Avenue, as a joint venture with NVCommercial Real Estate Fund I. Eagle Bank is providing the construction financing.
Located at the corner of L Street and New York Avenue NW, the new 11-story development is an adaptive reuse of an existing 1929 building on a key prominent site; one of the last available in the Mount Vernon Triangle area.
The building will house an innovative vertical lift parking system providing 36 spaces, as well as a beautifully appointed two-story marble lobby with concierge desk and controlled building access.
Smart and efficient design elements will offer residents large common areas and amenities such as a 3,500-square foot rooftop penthouse, which will include a community lounge and adjacent rooftop patio with panoramic views of DC's skyline.
The residences will be designed in a contemporary style unique for the Washington, D.C. condo market – with oversized windows and balconies, hardwood floors, stainless steel appliances, European cabinets and contemporary quartz countertops. An emphasis will be placed on forward-thinking design, including ENERGY STAR Certification.
The condominiums will be available in studio, one-bedroom, one-bedroom plus den, and two-bedroom floor plans ranging from 435 square feet to 1,109 square feet.
Located across the street from CityVista, an award-winning mixed-use development, 460 New York Avenue will offer easy access to major Washington, DC thoroughfares, and will be less than one half mile from two Metro stops, providing residents with easy commuting options.
"Consumer demand is shifting toward a more efficient and economical urban lifestyle and 460 New York Avenue will deliver exactly this type of living in the heart of Washington, DC," said Toby Bozzuto, president, The Bozzuto Group. "It is the only new condominium option at this time in the thriving Mount Vernon Triangle neighborhood and we very much look forward to becoming a part of the community."
WDG Architecture is the architect of record and Bozzuto is the general contractor for the development.
About The Bozzuto Group
The Bozzuto Group is part of The Bozzuto Group of companies. Headquartered in the Washington, D.C. area, and celebrating its 25th year in business, The Bozzuto Group is a diversified residential real estate company that provides a broad range of real estate services throughout the Mid-Atlantic and Northeast. The company's areas of expertise lie in homebuilding and multifamily development, as well as construction and management both for themselves and their clients. Their skills have been attested to by the National Association of Home Builders, who recognized Bozzuto as the nation's premier apartment development company, and twice as management company of the year.
Throughout The Bozzuto Group's 25-year history, the company has developed, acquired and built more than 35,000 homes and apartments and currently manages nearly 40,000 apartment spread along the Atlantic Coast between Northern Virginia and Boston. The company is committed to providing quality housing for individuals of all income levels, producing and managing everything from luxury homes and apartments to affordable housing solutions. For more information, please visit www.bozzuto.com.
SOURCE The Bozzuto Group