WASHINGTON, Nov. 14, 2013 /PRNewswire-USNewswire/ -- Urban Pace, the premier new home sales and marketing company for urban developers, announced today that The Maples, a stunning historic renovation of a landmark Washington estate, has entered its second phase of development. An extensive first phase of construction with complex underpinning of the historic structure and the completion of the underground garage has set the stage for project delivery in the fourth quarter of 2014.
The Maples, located in the heart of Capitol Hill at the Eastern Market Metro, converts the historic home of William Mayne Duncanson, into 20 flats, duplexes and newly constructed town homes. Duncanson was an Englishman who arrived in Washington in the late 1700s to establish an East India trade. He built The Maples mansion over the period 1795 to 1797.
"Rarely do Washingtonians have the opportunity to own a piece of an iconic American story," said Lynn Hackney, President of Urban Pace. "The Maples is one of those few chances. That's why we saw the first pre-sale release of town homes sell out in record time."
The Maples Condominium transforms the manor house, the carriage house, the school and the stables into 1, 2 and 3 – bedroom condominiums, 6 of which are duplexes. Ground up construction on the property will add 4 and 5 – bedroom town homes.
"We are very pleased to bring this grand historic property into the 21st Century, adding 20 new residences to such a highly desired location," said Charlie Kehler of Altus Realty Partners, the project's developer.
About Altus Realty Partners:
Altus Realty Partners was formed to provide private and institutional investors in the Mid-Atlantic and particularly in the Washington, DC metropolitan real estate market with an operating and investment partner who can not only manage complex acquisitions, identify and realize development opportunities, but also act as the long term steward of partner's interests.
About Urban Pace:
Urban Pace, LLC is a privately owned company that has been in the business of selling and marketing urban real estate for more than 12 years. The Urban Pace portfolio of properties exceeds 3.0MM square feet of urban condominiums and townhomes in the urban Washington, DC market area. For more information, please visit www.urbanpace.com or call (202) 296-1203. Follow Urban Pace on Facebook, Twitter, and YouTube.
Joni Denyes
Director of Marketing, Urban Pace
202.303.3455
SOURCE Urban Pace
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