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New Development: Penn Eleven

Penn Eleven | Capitol Hill

1101 Penn

Address: 1101 Pennsylvania Ave SE
Type: 
Mixed Use: Retail and Condos
No. of units: 
40
Affordable Housing: 
Available
Type of Unit: 
One-, Two-, Three- bedroom
Price:
$500k - $1M
Status: 
Under Construction
First Move-in: 
Early 2019
Developer: 
Perseus Realty

Penn Eleven is the name for the development at the former Frager’s Hardware store on Capitol Hill. The project is set to include over 40 luxury condos, ground floor retail, an underground parking lot and of course, the iconic Frager’s in its original location.

Four years ago, the Capitol Hill landmark was badly damaged in a fire, likely caused by a cigarette butt. Construction began on the development in April of 2017. Things are expected to be complete by fall 2019. The construction will stabilize the historic building and when Frager’s returns, there will be a large outdoor garden center.

The Historic Preservation Review Board approved the development quickly, as the neighborhood saw the burned-out hardware store as an eyesore while simultaneously wishing it was reopened.

The condos at Penn  Eleven will be sized from 700 to 2,000 square feet. Costs are expected to range from $500,000 to $800,000 with the penthouses closer to $1 million. Perseus Realty, who acquired the property two years ago, hopes to have the first buyers move in at the beginning of 2019. Buyers are expected to be small families or retired couples and most likely not first-time home buyers.

Buyers will be all moved in just before Frager’s big 100-year anniversary in 2020. The hardware store signed a 25-year lease to occupy the 6,000 square-foot ground floor of the development. John Weintraub, Frager’s former owner (who is now in his 70s), sold the space to Gina Schaefer and Marc Friedman, who own just under a dozen other hardware stores in the area. Frager’s opened in 1920 by Fritz Frager and Weintraub bought the store in 1975, along with his partner Ed Copenhaver after they fought in the Vietnam War.

Interested in buying at the Penn Eleven?

See Penn Eleven Listings below, view all listings in Capitol Hill, or contact us for a list that fits your needs.

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$949,900
 

1120 G St Se, WASHINGTON

4 Beds, 3 Baths, 2,156 SqFt
A gorgeous Victorian rowhouse in Capitol Hill! This home, built in 1900, boasts a traditional brick and stone exterior, front gated garden, and a fenced-in rear backyard with plenty of room for a garden, green space, patio, and deck. Upon entering the main floor, soaring ceilings, dual chandeliers centered over dual wood-burning fireplaces, and stunning hardwood floors welcome you home. The living and dining areas lead you to a full kitchen,
New
$949,900
 

1111 Pennsylvania Ave Se #203, WASHINGTON

2 Beds, 2 Baths, 1,362 SqFt
JUST FINISHED-TOUR OUR MODELS:Thirty-four condominium homes in a new, five-story concrete and steel building above historic Frager~s Hardware on Capitol Hill. The impressively designed residences are well-appointed with micro-shaker wood cabinetry, quartz countertops, Bosch appliances, hardwood flooring. Bathrooms feature Carrara marble, quartz, and porcelain tile with Waterworks bath fixtures. Many homes feature attached terraces with piped gas


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Listing information last updated on August 15th, 2020 at 12:30am EDT.