Ambassador at Dupont

Washington, D.C.
About

Republic acquired this long-time Washington, D.C. rental property, located just blocks from the White House on 16th Street. The building is a classically styled structure, typical of the style of the late 1920s, and is located directly across from the Scottish Rite Temple in a highly sought-after section of Northwest Washington, D.C. Republic worked with the tenants to stage the property for a friendly conversion of the 63 rental apartments into condominium ownership in conjunction with its sale in 2005 to another developer group, realizing substantial profit and among the highest sales prices per square foot for similar properties.

* All projects for development are expressed at original cost and do not represent fair market value.

Information
$
Project Cost
$4 Million*
Year Completed
1994