Madison Investments has bought a blighted apartment building in Columbia Heights for $3.2 million through a bankruptcy trustee sale. The 36,000-square-foot vacant building at 1020 Monroe Street NW encountered a string of lawsuits and has been sitting in Chapter 7 bankruptcy for the past year. The D.C.-based development company will renovate the 28-unit building under a condo conversion. The plan is to put retail on the ground floor and install a roof deck for residents.
Wednesday, May 26, 2010
Details on new 11th Street Development Project
The Washington Business Journal reports today that renovation has started on the corner building at 11th and Monroe streets. Located across the street from Columbia Heights Coffee, the building has been vacant for several years. The new developers plan on converting it into condos and retail space.