Washington, DC. – April 18, 2011. The Neighborhood Development Company announces that sales have commenced for their latest condominium development “LeDroit Place.” LeDroit Place is a 12 unit boutique luxury condominium building located at 1907 3rd Street, adjacent to the Anna J. Cooper Circle in the historic LeDroit Park section of Washington, DC. Acquired in September 2010, construction began on the project in November 2010 and will be completed this month. With a location convenient to the U Street Corridor, Howard University as well as downtown DC, it is a unique renovation of a previously vacant and neglected building. The building now has fourth floor roof decks, exceptional finishes, and has been designed to provide an urban contemporary feel. PGN Architects, PLLC (www.pgnarchitects.com) is the architect for the project while the Moseley Construction Group (www.moseleyconstructiongroup.com) is serving as the general contractor.
Sales and marketing efforts are being managed by DC Realty UrbanLand Company (www.urbanlandcompany.com) and information on the project can be obtained by going to the project’s website www.LeDroitPlace.com. Financing is being provided by Eagle Bank (www.eaglebankcorp.com).
About the Company
The Neighborhood Development Company (NDC) is a unique real estate development company that focuses on the revitalization of emerging urban neighborhoods. The company’s mission is to create exciting residential and commercial properties that advance the revitalization of urban neighborhoods while respecting the rich diversity of their existing fabric. Founded in 1999, the company has completed the development of over 450,000 square feet of real estate, with another 500,000 square feet in the development pipeline, and is a joint venture participant in other projects representing nearly $2 billion in investment. NDC has led the revitalization of the District’s vital Georgia Avenue corridor, with over 400 housing units constructed or under development in this area. NDC has received numerous awards and has been recognized in numerous national and local publications and has been twice listed as a member of Black Enterprises’ “BE 100”.