Sunday, January 2, 2011
Classic apartments near Petworth Metro under new ownership and slated for renovation
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The Washington Business Journal reports:
D.C.-based Urban Investment Partners and the Infinity Group of New York bought a 99-unit apartment complex at the Petworth Metro for $8.2 million. New Quin apartments are at 811 Quincy St. and 3800 New Hampshire Ave. NW. The new owners will perform a $4 million makeover starting next month.
Under the renovation by UIP General Contracting Inc., its brick-and-cast concrete façades will be preserved, while the common areas, building systems and individual apartments will be repaired and upgraded.