Trumping Neighborhood Averages, Urban Pace Sells Out Historic Mount Pleasant Development

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Urban Pace

Jun 12, 2013, 03:49 ET

WASHINGTON, June 12, 2013 /PRNewswire-USNewswire/ -- Urban Pace, the premier new home sales and marketing company for urban developers in Washington, is pleased to announce that the sales of all 12 opulent residences at The Schafer are complete. Located in Mount Pleasant at 3324 18th Street, NW, the homes sold for 10% higher than the surrounding home sales, and the price per square foot was 22% higher than neighborhood averages.  Most 1 and 2 bedroom residences posted sales between the $400's and $500's — a price driven by the elegant craftsmanship and smart design evident in each residence.

"From start to finish, Community Three strived to bridge the building's traditional features with modern architectural trends while implementing sustainability every step of the way," said Lynn Hackney, President of Urban Pace. "With this approach, there was plenty of historic character that appeals to today's buyer's tastes."

In Washington's recent real-estate renaissance, successful projects like The Schafer offer promise for future historic renovations. "Early 20th Century properties provide a magnificent canvas for the sustainable reuse of Washington's existing building stock," said Grant Epstein, President of Community Three. "The key is to give these properties a new purpose that ensures their ongoing maintenance, but at the same time, respects their heritage and craftsmanship during the redesign so the original character of the site continues to live on. The result is a product with charm – a unique blend of history and modernity."

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.

CONTACT: Joni Denyes, Director of Marketing | Urban Pace, 202.303.3455 | [email protected]

SOURCE Urban Pace