New Construction: The Pacifica
Posted by Ben Puchalski on
The Washington Post
Dupont Circle is an iconic and well-beloved neighborhood in Northwest Washington DC. With such popularity and so many people and businesses wanting to maintain a claim to their part of Dupont Circle, it is quite rare to find new condominiums cropping up there. J Street Companies, however, has managed to begin such an undertaking and it is called The Pacifica. The developer acquired what was 2122 - 2128 N Street NW in 2017 and construction is expected to be completed later this year.
The brand new Pacifica condominium will catch the eye because of its ultra-classy design, but this same aesthetic will allow the building to blend seamlessly into the historic landscape of Dupont Circle. The Pacifica, opposite a collection of unique…
1677 Views, 0 Comments
There is a program in DC that helps protect buyers of newly constructed condominiums. It is in effect for two years after the settlement date of the first condo in the building. 10% of the total cost of construction is put aside as a condominium warranty bond. It is held by the Department of Consumer and Regulatory Affairs (DCRA) and the condo association can request money from it for structural issues that arise. This link will help explain exactly how the process works. Here are some tips to keep in mind when buying a brand new condo to make sure the program is effective for you.