A team of developers has broken ground to redevelop a shuttered Hill East school property into a community of 82 homes.
Federal Capital Partners and Insight Property Group recently acquired the 2.1-acre Buchanan School property at 1325 D St. SE for roughly $21 million then promptly sold two of the four school buildings there to Ditto Residential for $6.875 million. The remaining two buildings were demolished.
Ditto is redeveloping this historic, three-story school building into 41 condos. This 41,000 square foot converted use project is just blocks from the Potomac Metro Station, Lincoln Park and Eastern Market on Capitol Hill and is set to deliver in the summer of 2017.
Buchanan Park will also include a collection of 41 rowhomes with integrated garages to be constructed in phases by FCP and Insight. Work has begun on both the condos and the first set of three- and four-story rowhomes.
It’s always exciting to see new housing stock to Capitol Hill.
The one- and two-bedroom condos will range from 615 to 1,350 square feet. The interior will have a clean and modern feel even as the exterior maintains its schoolhouse look. Ditto has chosen to work within the confines of the existing structure (major demolition is out) because the structure of the building is sound and they’re able to do a faster and more efficient development.
The property backs up to a Safeway supermarket within the same square. Watkins Elementary School and Watkins Recreation Center are just across 13th Street SE.
