Savoy Court Condominiums
Rehab Residential Condominium

Factual Data: A 62 unit mixed-income condominium project at 210 Oakwood Street, SE. Comprised of rehabilitation of 1947 garden apartment building.

  • Building Partnerships LLC was brought in as developer for the existing tenant group.
  • Building was purchased and rehab started in 2006. Private financing and equity obtained. Construction completion phased from 2008 to 2009.
  • Ernie Marcus, Michael Milliner and Robert Aramony are developers of the project with Mr. Milliner performing construction activities. $7 million rehab project. Unique exterior and interior finishes undertaken for this moderate income market segment.
  • Won top 4 residential rehab award from Washington Business Journal and has been a major contributor in the renewal of the neighborhood.
  • Worked through 2007 market collapse to reach cash flow stabilization.
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