New Condos in Restored 1795 Capitol Hill Mansion Near Completion

Urban Pace Presells 70% of The Maples at Record Prices

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Sep 30, 2014, 03:12 ET

WASHINGTON, Sept. 30, 2014 /PRNewswire-USNewswire/ -- One of the oldest structures in Washington, DC is close to becoming the city's newest condominium residence. The Maples' 19 unique homes, located just steps from historic Eastern Market in the heart of Capitol Hill, are scheduled to deliver by the end of the year. Urban Pace, Washington's leading condo sales and marketing firm, already has presold 70 percent of the project at an average of $725 per square foot – some $200/SF higher than expected, setting a neighborhood record.

Altus Realty Partners has been working on the site at 619 D Street, SE since acquiring it in 2010. The original brick manor house was built in 1795-97 by William Mayne Duncanson, who sought to expand the East India Company trade to Washington via the Anacostia River. The wealthy Englishman entertained George Washington, Thomas Jefferson, and other leaders of the day. A subsequent owner of the property was Francis Scott Key.

After preserving and restoring the home's historic Georgian facade and supporting its foundation with a new underground parking garage, Altus has transformed the main house, former stables, and later additions – a total of six distinct buildings -- into a cozy community of flats and duplexes. Nearly all of these modern residences feature distinct floor plans and separate entrances. Many of the homes have direct elevator access to the new underground parking garage. The community also includes three newly built townhomes, each with four to five bedrooms, which frame the entrance to the restored manor house.

"Families with children, empty nesters, and young professionals all want to live on Capitol Hill," remarked Lynn Hackney, President of Urban Pace. "The Maples has great pedestrian access to Eastern Market, Barracks Row, Metro, the new Anacostia riverfront park, Nationals Park, and more." Among the many nearby restaurants and entertainment venues on Barracks Row is the wildly popular Rose's Luxury, named the best new restaurant in the United States by Bon Appetit magazine.

The Maples condominium residences feature white oak flooring, quartz countertops and white glass backsplashes, stainless steel Jenn-Air professional kitchen appliances, Waterworks bath fixtures, Spanish linen textured bathroom wall tile, custom cabinetry, and recessed lighting. The new townhomes have luxury finishes such as large-format Spanish porcelain floor tile, Carrera bath tile, and solid walnut hardwood flooring. For more information, visit http://themaplescapitolhill.com.

About Urban Pace: Urban Pace, LLC is a privately owned company that provides marketing, sales, and consulting services exclusively to developers of residential and commercial real estate. Founded in 2001 by Lynn Hackney, Urban Pace has worked on more than four million square feet of property. For more information, please visit www.urbanpace.com or call 202.841.2439. Follow Urban Pace on Facebook, (www.facebook.com/urbanpace), Twitter (https://twitter.com/urbanpace), and YouTube .

Altus Realty Partners (www.altusre.com) was formed to provide private and institutional investors in the mid-Atlantic and particularly in the Washington, D.C. metropolitan real estate markets with an operating and investment partner that can manage complex acquisitions, identify and realize development opportunities, and provide long-term stewardship of partners' interests.

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SOURCE Urban Pace