Maedwell Companies, one of the District’s fastest growing developers, owners, operators and asset managers of real estate, today announced the acquisition of a single family parcel in the burgeoning Shaw neighborhood.

The development site, which was acquired in a single transaction, consists of a full parcel in the booming 6th street corridor.

The purchase, along with the ability to purchase the adjacent parcel’s development rights, offers Maedwell the rare opportunity to develop and construct a 6,000 square foot condo tower in the heart of DC’s expanded Shaw neighborhood and business district. While the new development could include a wide range of uses, the site’s location and configuration are ideally suited to support condo development.

“For several years, Maedwell has been one of the most active ground-up developers and investors in the surrounding neighborhood, with projects currently being constructed or in the pipeline,” said Maedwell CEO Syga Thomas. “We are very bullish on DC and Shaw, and found this to be the perfect time, development site and opportunity to participate in establishing Shaw as the DC’s next great residential district and neighborhood.”

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Financial terms were not disclosed.

About Maedwell Companies
Maedwell is one of the fastest growing developers, owners, operators, and asset managers of real estate in the Metropolitan Area. Active across DC and Virginia, Maedwell is relied upon by many families and businesses to meet their space needs. As of September 30, 2013, the firm had acquired, developed and/or managed a portfolio of approximately 15 thousand sq. ft. with a total value of approximately USD $6.2 million since its founding in 2007.

Maedwell Companies has announced the acquisition of a MU-4 development site in Shepherd Park.

The development site, which was acquired in a single transaction, consists of a corner parcel off of Georgia Avenue in the Walter Reed Development Area.

The purchase offers Maedwell the rare opportunity to develop and construct a 9,000 square foot – 9 unit- residential tower in the heart of the Walter Reed Development area.

“This opportunity came about without requiring significant investment.  It is exciting to be able to build an anchor development in the neighborhood before all of the major development is completed in the next couple of years,” said Maedwell CEO Syga Thomas. “We found this to be the perfect time, development site and opportunity to develop DC’s next great residential district and neighborhood.”

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Financial terms were not disclosed.

About Maedwell Companies
Maedwell is one of the fastest growing developers, owners, operators, and asset managers of real estate in the Metropolitan Area. Active across DC and Virginia, Maedwell is relied upon by many families and businesses to meet their space needs. As of December 31, 2017, the firm had acquired, developed and/or managed a portfolio of approximately 25 thousand sq. ft. with a total value of approximately USD $16.2 million since its founding in 2007.

Maedwell Residential Real Estate Services has selected the prime location at 1644 North Capitol Street, N.W., in the heart of the high energy and expanding NOMA/Eckington/Bloomingdale market, directly next to the very popular Pub & The People Restaurant.

The new office reinforces Maedwell Residentials’ strong presence in the downtown market and affords a street-front office for 10 agents as part of Maedwell’s growing agent team. The North Capitol Street corridor is quickly developing into a premier destination in Washington D.C. for restaurants, pubs, luxury residential towers, and night life.

“We are thrilled to have this premier presence in the Capital Region,” said Syga Thomas, President of Maedwell Residential. “Ten years, ago, when we decided to have a presence in this real estate market, this space is exactly what we wanted.”

About Maedwell Residential
Maedwell Residential is a professional, full-service real estate brokerage specializing in the leasing, sales and management of residential homes in Washington, DC.