Urban Pace Begins Sales at Lumen on 14th Street in DC

Rare Opportunity to "Own Fourteenth Street" Including Full-Floor Penthouse

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Jul 07, 2015, 01:46 ET

WASHINGTON, July 7, 2015 /PRNewswire-USNewswire/ -- Homebuyers in the Nation's capital will have a once-in-a-lifetime opportunity to "Own Fourteenth Street" as Urban Pace begins sales at Lumen, the first new condominium development on 14^th Street in five years. Lumen's 18 elegantly appointed residences, delivering in early 2016, will provide direct access to one of the city's most vibrant entertainment and commercial hubs. One fortunate buyer will enjoy a full-floor penthouse with direct private elevator access, a 600 square foot private terrace, and expansive southern views. Prices will range from the $500,000s to over $1 million.

Located at 2200 14^th Street, NW at the intersection of 14^th and W Streets, NW, Lumen will offer six one-bedroom, 11 two-bedroom residences, and the spectacular 1,540 square foot penthouse. "It is very rare to have this level of finishes and layout in this location, and rarer still to offer a penthouse with private elevator access," said Urban Pace President Lynn Hackney. "Lumen will allow residents to take ownership of everything that 14^th Street is and has to offer."

Designed by locally based VestaNova Architecture, Lumen will be distinguished by floor-to-ceiling southern-facing windows, Electrolux Energy Star® qualified appliances (Viking in the penthouse), Moen and Kohler fixtures, white quartz countertops, Elfa storage systems, modern white full overlay cabinetry, and white oak hardwood flooring. Most of the homes will have private outdoor terraces or balconies.

Like other Community Three developments, Lumen provides an extensive array of sustainable features such as a green roof, low-E windows and doors, low-flow plumbing fixtures, and high-efficiency lighting and HVAC systems. UIP General Contracting, Inc. is employing a variety of resource-conserving construction practices including local materials sourcing, recycling and salvaging construction waste and demolition debris, and more.

And then there's the irreplaceable location. The dizzying array of entertainment, shopping, and dining destinations just outside Lumen's door includes Kapnos and G by Mike Isabella, Pearl Dive, Ted's Bulletin, Le Diplomate, Barcelona, Lupo Verde, Policy, Studio and Source Theaters, Whole Foods, Trader Joe's, Room & Board, and Shinola, to name a few.

Having achieved record sell-out pace for his most recent condominium project, Centrie, Grant Epstein of Community Three Development is excited to "fill the gap" that previously existed on the northwest corner of 14^th and W Streets. Lumen incorporates the façade of a restored two-story commercial townhouse. The remainder of the site had been used as a parking lot for the past 50 years.

"The 14th Street corridor renaissance has proven good urban-oriented design can resurrect long-dilapidated areas and create a solid foundation for community progress," Epstein remarked. "Working closely with the District of Columbia Historic Preservation Office and local neighborhood groups, Community Three employed a design strategy that reinvigorates the site and complements the surrounding architectural fabric."

For more information, visit www.ownfourteenthstreet.com or www.urbanpace.com.

About Urban Pace: Urban Pace, LLC is a privately owned company that provides marketing, sales, and advisory services to real estate developers specializing in condominium and multi-family developments. Founded in 2001 by Lynn Hackney, Urban Pace has worked on more than five million square feet of property and over 5,000 units. For more information, please visit www.urbanpace.com or call 202.296.1203. Follow Urban Pace on Facebook , (www.facebook.com/urbanpace) and Twitter (https://twitter.com/urbanpace).

About Community Three: Community Three Development, LLC is a full-service real estate development company - driven by innovation, creativity and opportunistic positioning to create above-market returns. Using our 40 plus years of combined Washington, DC urban real estate experience, Community Three finds "opportunity properties" in currently emerging historic neighborhoods. It leverages its real estate, design, construction, and sustainability knowledge to bring these properties to maximum value for its customers and its investors. For more information, please visit www.communitythree.com or call 202.232.3068.

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SOURCE Urban Pace