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April 28, 2006
Drummond Opens Affordable Luxury Condos in Southeast Washington, D.C.
Drummond Development officially opened its sold-out Penn Circle condominium development in southeast Washington, D.C. with a recent ribbon-cutting ceremony.
Washington, D.C. (PRWEB) April 27, 2006 -- Drummond Development officially opened its sold-out Penn Circle condominium development in southeast Washington, D.C. with a recent ribbon-cutting ceremony. The first new luxury condominium development east of the Anacostia River in the Nation’s capital, Penn Circle provides upscale urban living at some of the city’s most affordable prices. Penn Circle’s 36 one- and two-bedroom homes were priced from the high $100,000’s.
“Penn Circle is one of the first private-sector projects out of the ground in the promising and long-awaited revitalization of Twining and surrounding neighborhoods,” said Vince Gray, a member of the District of Columbia Council (D-Ward 7). “Private and public investment in this area is expected to approach $1 billion over the next few years. Mixed-income housing, new shopping opportunities, offices, parks, cultural attractions, and transportation improvements all will contribute to the rebirth of this historic community and will act as a catalyst to our efforts to rekindle Pennsylvania Avenue, SE. We congratulate Drummond Development for bringing this project to fruition, and to all the new residents of Penn Circle, we say: ‘Welcome to the neighborhood!’"
To create its vision of all-new condominiums east of the river, Drummond acquired a 50-year-old apartment building at 1501 27th St., S.E. in 2004. The structure was then gutted and completely rebuilt. The finished condos feature spacious, bright, contemporary floor plans, all-new kitchens and baths, hardwood floors and carpeting, and oversized double-paned windows providing an abundance of natural light. Each unit has its own heating and cooling system, water heater, and washer/dryer. In upgrading the building’s wiring, Drummond provided each room with easy-to-use cable, high-speed Internet, and phone connections. Special sound attenuation materials were installed to ensure that residents can enjoy their homes in peace and quiet.
Drummond Development is a major force in transforming urban Washington, D.C. into a vibrant, desirable, and economically strong 24-7 residential community. A subsidiary of Washington-based Urban Investment Partners (UIP), Drummond combines local entrepreneurial expertise with global financial strength. Drummond is the developer of five quality multifamily residential projects in key urban neighborhoods in the Nation’s Capital -- Capitol Hill, Columbia Heights, Twining, and Glover Park. These unique homes, ranging from affordable to upscale, provide diverse home ownership opportunities for a wide variety of Washington, D.C. buyers.
Posted by Industrial-Manufacturing at April 28, 2006 03:19 AM