Other D.C. Tenant Purchase Attempts

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Thursday, December 15, 2005; 3:39 PM

Some additional tenant purchase attempts across the District since 2000, and their outcomes:

Successful Purchases:

526 Kenyon St. NW: 13 units, residents finalizing application for construction loan

1400 Oglethorpe St. NW: 13 units, residents used city funds to purchase, deciding whether to create condos or coop.

912 Gallatin St. NW : 13 units, closed on purchase this fall.

1441 Spring Rd. NW : 12 units, non-profit developer is converting to affordable condos.

1390 Bryant St. NE: 12 units, closed this month.

1020 Monroe St. NW: 22 units, residents teamed with a condos developer; about half will purchase their units, half took buyouts.Renovations are about to begin. Project slated to include new restaurants and retail in long-vacant ground floor space.

809 Otis Pl. NW: 21 units, residents teamed with developer, now deciding who will purchase condos, who will take buyouts.

3314 Mount Pleasant St. NW: 37 units, some residents will buy their units as condos, others will stay with rent guarantees, others will take cash payments to leave.

6645 Georgia Ave. NW: 33 units, development partner is launching condo conversion; residents can buy units or stay and rent.

1831 Belmont Rd. NW: 24 units, condo conversion; 10 residents bought units; three took buyouts; 1 still renting; 13 units sold to outsiders at market rates.


CONTINUED     1                 >

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