Drummond Breaks Ground on Luxury Condos on Capitol Hill
admin April 14, 2005 10:57 am

Providence Square Extends Washington, D.C.’s Capitol Hill Neighborhood Eastward

Washington, D.C., April 14, 2005…Drummond Development has broken ground on Providence Square, a luxury townhome condominium development located at Kentucky Avenue and 15th Street, S.E. in Washington, D.C. Located just a block from the Potomac Avenue Metrorail station and only 15 blocks from the U.S. Capitol, Providence Square continues the extension of the sought-after Capitol Hill neighborhood eastward, toward the shoreline of the Anacostia River.

Most of Providence Square’s 12 all-new residences, designed to resemble traditional Federal-style Capitol Hill townhomes, have been pre-sold at prices starting in the high $400,000’s. Deliveries will begin in September, 2005. Each home features two levels two bedrooms and two bathrooms; some units have a den. Each upper-level unit boasts an additional “solarium” room and roof deck.

The completed condominiums will feature spacious, bright, contemporary floor plans with hardwood floors and oversized double-paned windows, providing an abundance of natural light. As with its other properties, Drummond provides modern state-of-the-art amenities like easy-to-use connections for cable TV, high-speed Internet, and phones. Floor plans and other information are available on the Web at www.providencesquare.com.

“This up-and-coming area on the eastern end of Capitol Hill offers a close-in urban living experience in a genuine neighborhood,” said Steve Schwat, adding that he knows the neighborhood well because he used to live there. Schwat is one of the Principals of Drummond Development and its parent company, Urban Investment Partners. “In addition to existing amenities like Safeway and Eastern Market, an upscale Harris Teeter grocery store is coming to the neighborhood. The Washington Nationals are playing this spring at the nearby RFK Stadium, and the District government is developing a grand master plan for Reservation 13, the former site of D.C. General Hospital.”

Still in the planning process, the District’s vision for Reservation 13 (www.dcwatch.com) would connect and integrate Reservation 13 with the Hill East neighborhood and a new ecologically sensitive waterfront park. The site would be redeveloped in a pedestrian-friendly fashion to meet a variety of public needs including health care, education, employment, government services and administration, recreation, and housing.

Drummond Development is a significant force in transforming urban Washington, DC into a vibrant, desirable, and economically strong 24-7 residential community. A subsidiary of Washington-based Urban Investment Partners (UIP), Drummond combines local entrepreneurial expertise with global financial strength. Drummond is the developer of five quality multifamily residential projects in key urban neighborhoods in the nation’s capital — Capitol Hill, Columbia Heights, Anacostia, and Glover Park. These unique homes, ranging from affordable to upscale, provide diverse home ownership opportunities for a wide variety of Washington, D.C. buyers. For more information, see the Company Web site at www.uipllc.com.

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