Acquired the Shaw, a newly-built 69 unit apartment in Washington, DC
A joint venture between Shimizu Realty Development and Capital Security Advisors acquired The Shaw, a newly-built 69-unit apartment development in Washington, D.C.
A Joint Venture between Shimizu Realty Development and Capital Security Advisors acquired ownership of The Shaw, a Newly-Built 69-unit apartment Development in Washington, D.C. The investment amount was approximately ¥5.7 billion (US$53 million).
The Shaw is located next to D.C. area’s most sought-after restaurants, shopping and entertainment, with the prominent Logan Circle, U Street Corridor,14th Street Corridor and Bloomingdale neighborhoods just a few blocks away. The Shaw is adjacent to the Shaw/Howard University Station and Yellow Line. The apartments are close to the 14th Street roadway that links directly to I-395 and Route 1.
The Shaw apartments’ design exhibits redefined living, from open layouts to city spa bathrooms touting frameless glass showers and ascent wall tiling to chef-caliber kitchens. Personal outdoor areas for residents include private balconies and breathtaking views of their city. In the main areas, The Shaw has a welcoming lobby filled with comfortable seating and atmospheric lighting, a rooftop terrace and lounge, and is powered by smart home technology – app friendly building access, latch keyless entry, virtual front desk and integrated parcel locker systems for deliveries.
This acquisition is the first residential property for Shimizu Realty Development in North America. Shimizu will continue expanding its portfolio as part of Mid-term Management Plan〈2019-2023〉.
- The Shaw
- 618T Street NW Washington, DC2001
- 7 floors above ground, 2 basement level
- Site Area
- 12,096 sqf
- Lease Area
- 62,449 sqf
- 1st floor：Retail Space, 2nd to 7th floor : Residential
- Purchase Date
- July 30, 2020
- Previous Owner
- Monument Realty Group & Westbrook Partners Group