A 145-unit, luxury apartment project to be developed at 1339 E Street, SE, in Washington, DC.
An extremely rare opportunity to develop an institutional-scale residential project in the heart of Capitol Hill.
The Lockwood Apartments, at 13th and E Streets, SE, is a 145-unit boutique apartment community, on a one-acre parcel that formerly housed a trash truck depot and an auto repair center. Located 1 ½ blocks from the Potomac Avenue Metro Station, the project is named after Belva Lockwood, a famous late nineteenth century Suffragist who was the first woman to argue in front of the Supreme Court and is considered by many, the first woman in United States history to run for President.
In partnership with institutional investors advised by J.P. Morgan Asset Management, The Lockwood Apartments will be designed by the SK&I and Edit Lab/Streetsense teams who partnered with Insight and J.P. Morgan on The Apollo. The project will recall the spirit of the period during which Belva Lockwood lived and much of the neighborhood was built.
Total projected cost for the Lockwood development is approximately $57,000,000 and Moriarty & Associates is the General Contractor. Initial delivery of apartment homes is scheduled to occur in mid-2019. Prior to demolition, Insight spent nearly two years with DC planning and zoning officials and neighborhood groups to obtain a P.U.D. that would allow for the re-development of the site.
Lockwood Apartments are across the street from Insight’s Buchanan Park project, including the renovation of the 1895 Buchanan School by Ditto Residential and the construction of 41 new townhomes by Insight and Federal Capital Partners. The projects are part of a wave of significant neighborhood investment, including the recent renovation of the Watkins Elementary School and the imminent redevelopment of the Safeway at 14th Street, SE.
The Lockwood presents an extremely rare opportunity to develop an institutional-scale residential project in the heart of Capitol Hill.