Victoria Condominium Nears Completion In DC's 14th Street Corridor

WASHINGTON, April 29, 2014 /PRNewswire-USNewswire/ -- Drummond Development is putting the finishing touches on Victoria, an all-new condominium building with elevator service, underground parking, outdoor spaces, and some of the best views in Washington, DC. Located at 1443 Chapin Street, NW, just steps from historic Meridian Hill Park, Victoria offers 16 one- and two-bedroom residences including four luxurious duplex penthouses.

Urban Pace, city's leading condo sales and marketing firm, will begin presales shortly, with prices starting in the $400,000's. Urban Pace President Lynn Hackney noted that The Victoria provides "the best of all worlds; offering a tranquil environment just steps from beautiful Meridian Hill Park, while providing easy walking access to the restaurants, shops, and nightlife along 14^th and U Streets. Just a few blocks north is the newly expanded Giant and DC USA, anchored by Target, Bed Bath & Beyond, Staples, and Best Buy."

Drummond Principal Steve Schwat remarked: "Victoria offers the ultimate convenient city living, with all the 'bells and whistles' at a reasonable price, along with low condominium fees. An elevator takes residents directly from the secure underground parking garage or first floor to their thoughtfully designed homes, where floor-to-ceiling windows maximize views in all directions and carefully selected amenities enhance the city living experience. The penthouses offer unbelievable views through 18-foot windows, and provide abundant living space on two floors, including private outdoor terraces."

Schwat added: "Because Meridian Hill is nearly 50 feet above 'old' Washington, you can see the Washington Monument, the US Capitol, the National Shrine, the Potomac River, and Rosslyn from Victoria."

Each condominium home at Victoria has Nest "learning" programmable thermostats (https://nest.com/thermostat/inside-and-out/#nest-sense) and Nest smoke detectors (https://nest.com/smoke-co-alarm/life-with-nest-protect/), custom kitchens with 56-inch lighted wall cabinets and snow-white quartz countertops, stainless appliances, under-cabinet lighting, full-size washer/dryers, three-quarter-inch maple hardwood flooring, glass subway bath tile, and LED lighting fixtures. Selected homes offer GE Monogram appliances including double wall ovens as well as pot fillers. For more information, visit www.victoriacondosdc.com.

Victoria is the second condominium project on Chapin Street completed by Drummond Development, the for-sale division of Urban Investment Partners. Meridian Heights, completed in 2005 at 1421 Chapin Street, is among a number of condominium projects built or renovated by Drummond in the last few years, including The Archbold, Providence Square, Penn Circle, The Drummond, and WY18.

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.

About Drummond Development:  Founded in 2001, Drummond Development, is the for-sale subsidiary of The UIP Companies, Inc.  UIP is a leading real estate investment, development, and property management firm based in Washington, DC. The firm invests opportunistically in a variety of asset classes, with a primary focus on multifamily properties in select neighborhoods. Since 2001, UIP's principals have sponsored real estate funds throughout the DC metropolitan region with a total valuation of over $450 million. For more information about UIP, visit www.uipllc.com.

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SOURCE Urban Pace