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Marketing Description
CIVITAS is pleased to present this offering of a condominium interest on the top 3 floors of PROGRESSION PLACE, 1805 7th Street NW in Washington DC (the “Property”). Built for wellness, PROGRESSION PLACE is LEED-Silver certified with a green roof, a walkable and bikeable location and well-building tenant enhancements. A transit-oriented mixed-use project located on top of the Shaw-Howard Metro Station (Y/G) at 7th and S Street, NW, PROGRESSION PLACE is the commercial hub of the vibrant Shaw District. Progression Place provides easy access to Washington Convention Center, Metro Center, Howard University, a new Whole Foods market, and lively dining, cultural and entertainment venues. This office condo, totaling 43,074 GSF, offers soaring 360- degree views of Washington, DC, private terraces and flexible floor plans. Situated in both Enterprise and Empowerment Zones, PROGRESSION PLACE is an excellent investment for an owner occupier. Constructed in 2012 as the submarket’s architectural icon, PROGRESSION PLACE consists of 108,000 SF of Class A Office, a 192,000 SF (205 unit) apartment building, 19,000 SF of ground level retail with new dining and fitness amenities, and an underground parking garage. One block South of U Street and one block North of Rhode Island Avenue, PROGRESSION PLACE enjoys outstanding vehicular access with ample parking.
Investment Highlights
- ASSET TYPE - 43,074 SF OFFICE CONDOMINIUM
- OFFERING - OFFICE CONDO INTEREST
- BUILDING SIZE - 108,000 SF BUILT IN 2012
- ZONING - ARTS-2
- PARKING - UNDERGROUND PARKING GARAGE AVAILABLE
- METRO - YELLOW/GREEN LINE - SHAW/HOWARD ON-SITE
- WALK SCORE - WALK SCORE: 99
- TRANSIT - BIKE SCORE: 98 AND MULTIPLE BUS LINES
- TRAFFIC COUNT - 19,569
- AMENITIES - 360 DEGREE VIEWS OF DC VIA ROOFTOP TERRACE, MEETING/PARTY ROOM, GROUND FLOOR RETAIL, NEARBY FITNESS OPIONS, BUILDING CERTIFICATION - LEED SILVER
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