Current Investment – Georgetown Project

DYNC Atlantic Property and Investment invested in 3601  M  Street  NW  (“Project”) in 2016.  The Project is a premier residential development site located  in Georgetown overlooking the  Potomac River and the Rosslyn skyline.  The  Project as shown in this package, which has Old Georgetown Board Concept Approval, accommodates a 22 unit luxury residential building in Washington, DC’s most exclusive submarket.

The Project is located on M Street in Washington, DC’s highly desirable Georgetown neighborhood, known for its historic charm,  popular boutiques,  and influential residents.  M Street itself is the heart of Georgetown,  as  it is home to  the most desirable shopping and dining in the entire Washington,   DC metro area.   The   Project differentiates itself from other Georgetown residences by offering owners unparalleled views of the Potomac River from the  Project’s position atop the Georgetown bluffs overlooking the river.

This is the most desirable location for residential development in Washington,  DC.  Over the past five years over 450 residences in Georgetown ’s zip code  sold for over $1.5 million each, showing the growing demand for the top-flight product in this submarket. The Project presents a unique opportunity to build the highest quality development for the most discerning buyers in the most sought-after submarket in the Washington, DC metro area.

DEAN & DELUCA, A GOURMET DELICATESSEN, AND GROCER IS LOCATED WALKING DISTANCE FROM THE PROJECT ON M STREET, PLACING A HIGH-END GROCER CLOSE AT HAND.

 

Georgetown is a World Class Neighborhood

Long the historic center of Washington,  DC social life, Georgetown is characterized by urban mansions and gorgeous, expansive townhomes. Georgetown has long considered its residents to be the city’s social elite, and  influential  locals  have  included  notables  such  as  Thomas  Jefferson, Mary   Todd   Lincoln,   Alexander   Graham   Bell,   John   F. Kennedy,   and

Benjamin  Bradlee.  Georgetown ’s commercial sector is centered on M Street and Wisconsin Avenue, which are home to scores of opulent shops and sumptuous restaurants. These amenities, combined with the ample waterfront park space just blocks from the Project, give it a 93 Walkscore, certifying it as a “Walker’s Paradise”.

High Sales Prices in Comparable Condominiums

Comparable condominium sales   (1055 High, 3303 Water, Ritz-Carlton Georgetown) have achieved or are marketing for sales prices of $1,850,000 to $13,950,000, which translates to $1,066 to $2,287 per square foot.   The Project ’s unique proximity to incredible amenities and unmatched views will ensure top-market prices. In the past year, as a result of strong demand and limited supply, new condominium sales in Georgetown rose 41 percent.

Breathtaking Waterfront Views

Positioned on bluffs above the C&O Canal, the Project will offer incredible views of the  Potomac River below,  Theodore  Roosevelt  Island, and the Rosslyn skyline. No other developments or houses in Georgetown combine proximity to the water with vertical positioning to create picturesque panorama’s like 3601 M. All units above the entry level will have waterfront views from their living spaces.

CADY’S ALLEY, LOCATED THREE BLOCKS FROM THE PROJECT, IS A BOUTIQUE SHOPPING CORRIDOR PARALLEL TO M STREET THAT FEATURES EUROPEAN CAFES, INTERIOR DESIGN STUDIOS, AND UPSCALE CLOTHIERS.