The Otis Condominium in DC's Columbia Heights Sells Out

WASHINGTON, June 6, 2014 /PRNewswire-USNewswire/ -- Urban Pace, Washington's innovative condo sales and marketing firm, has sold out the Otis condominium just off Georgia Avenue in the city's increasingly popular Columbia Heights/Park View neighborhood. Most of the 27 relatively affordable condo homes were sold to young professionals who appreciate the proximity of Metro and the "hip strip" of bars and restaurants along 11^th Street, NW.

"With prices starting in the high $200,000's, The Otis has given buyers a chance at home ownership at overall costs lower than renting in many of the city's most desirable neighborhoods," said Lynn Hackney, President of Urban Pace. "With continued low interest rates, owning a condo remains less expensive than renting in almost all cases."

Built in 1941, the structures at 809, 811, and 812 Otis Place, NW were vacant for more than a decade before The Fortis Companies acquired and renovated them. The renovation preserved many of the buildings' original art deco elements while providing contemporary, functional finishes and fixtures.

"We are thrilled with the outcome of The Otis, which has now been transformed into one of the premier boutique condo communities in the Columbia Heights-Park View neighborhood," said George Chopivsky of Fortis. "The attractive price points and best-in-class finishes and design created tremendous demand from buyers who appreciated the attention to detail that was given to this project and wanted to partake in the renaissance of one of DC's next new hot corridors."     

The community's new residents can walk to the Petworth Metro station just two blocks away, along with a new Safeway and other shops. It's also a quick walk to the Columbia Heights Metro station and surrounding shops that include Target, Bed Bath & Beyond, Staples, and Best Buy.

"If you missed out on The Otis, Urban Pace is currently selling condos in seven new developments throughout the city," Hackney added.

About Urban Pace: Urban Pace, LLC is a privately owned company that has been in the business of selling and marketing urban residential real estate for more than 12 years. The Urban Pace portfolio of properties exceeds three million square feet of urban condominiums and townhomes in the Washington, DC metropolitan area. 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.

SOURCE Urban Pace