Stonehill Condominiums
Proposed New Residential

Factual Data: 36 apartments proposed with 38,000 sq.ft., developed by Pecar Properties as managing member and Marcus Asset Group. Located at 1345 K Street, SE on Capitol Hill.

  • Emerging market segment on eastern edge of the Capitol Hill neighborhood.
  • Property acquired in 2015/2016 through an assemblage of 3 parcels, including a church.
  • Acquisition financing with Eagle Bank.
  • Co-management of design process for new construction in dense, urban neighborhood.
  • Market analysis and co-management of marketing effort. Broker is Urban Pace.
  • Construction start in Fall 2016 with completion in 12 months.
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