In July, DC’s Department of Housing and Community Development put a whopping 27 city-owned properties and lots out for bid. The gem of them all, at least for developers, may well be a seven-lot site at Florida Avenue and Q Streets NW on the edge of Bloomingdale and Truxton Circle, as Housing Complex reported at the time.

One of the first developers to publicly angle for the site — proposals aren’t due for another month — is Maedwell. Maedwell principal, Syga Thomas, told UrbanTurf that his plans for the site include 40 apartments or condos and 7,000 square feet of retail. Thomas met with neighbors in the community on Monday night to present the firm’s plans. Maedwell is teaming up with E&G Group and Bonstra Haresign Architects on the proposal.

The site at 4-14 Q Street and 14-16 Florida Avenue (map) is just off North Capitol Street NW, where Maedwell has had its headquarters for seven years.

“For us, the fact that we’ve been in the community for so long and this is really right on our doorstep, this was something we really couldn’t turn down,” Thomas said. “It’s a great opportunity to put our name on something in our backyard.”

Keep in mind that Maedwell is likely one of many developers bidding on the coveted site, so stay tuned when decisions are made next month.

This 2,000 square-foot penthouse is one of two new condos in a contemporary development from Maedwell Companies in the center of Shaw. The facade of the project is made nearly entirely of glass which allows light to flood the unit. The listing spreads out over three levels, topped off by a private roof deck with 360-degree views of the city.

  • Full Listing: 1740 6th Street NW, #PH (map)
  • Price: $1.199 million
  • Bedrooms: Three
  • Bathrooms: 3.5
  • Square Feet: 2,015
  • HOA Fees: $278/month
  • Listing Agents: Pam Wye and Richard Seaton, TTR Sotheby’s International Realty

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.

In July, DC’s Department of Housing and Community Development put a whopping 27 city-owned properties and lots out for bid. The gem of them all, at least for developers, may well be a seven-lot site at Florida Avenue and Q Streets NW on the edge of Bloomingdale and Truxton Circle, as Housing Complex reported at the time.

One of the first developers to publicly angle for the site — proposals aren’t due for another month — is Maedwell. Maedwell principal, Syga Thomas, told UrbanTurf that his plans for the site include 40 apartments or condos and 7,000 square feet of retail. Thomas met with neighbors in the community on Monday night to present the firm’s plans. Maedwell is teaming up with E&G Group and Bonstra Haresign Architects on the proposal.

The site at 4-14 Q Street and 14-16 Florida Avenue (map) is just off North Capitol Street NW, where Maedwell has had its headquarters for seven years.

“For us, the fact that we’ve been in the community for so long and this is really right on our doorstep, this was something we really couldn’t turn down,” Thomas said. “It’s a great opportunity to put our name on something in our backyard.”

Keep in mind that Maedwell is likely one of many developers bidding on the coveted site, so stay tuned when decisions are made next month.

A proposed apartment building near Truxton Circle would add life to the streets of the Northwest Washington neighborhood without increasing the median rent.

Several development firms are vying for the right to develop a sizable city-owned lot located at the southwestern corner of Florida Avenue and Q Street NW. The District’s Department of Housing and Community Development (DHCD) solicited proposals for the site in July.

However, the city doesn’t want more luxury apartments going up in the increasingly high-end area: The request for proposals stipulated that all offers must provide ample “affordable” units, with more than 50 percent of them held for people making no more than 80 percent of the area median income (AMI).

The 2014 AMI for the metro area is $107,000. The income limit to meet the 80 percent threshold varies by household size: for one person, the household income can be no more than $59,920; for two people, $68,480; for three, $77,040; and for four $85,600.

So far, three firms have presented plans to the community.

This 2,000 square-foot penthouse is one of two new condos in a contemporary development from Maedwell Companies in the center of Shaw. The facade of the project is made nearly entirely of glass which allows light to flood the unit. The listing spreads out over three levels, topped off by a private roof deck with 360-degree views of the city.

  • Full Listing: 1740 6th Street NW, #PH (map)
  • Price: $1.199 million
  • Bedrooms: Three
  • Bathrooms: 3.5
  • Square Feet: 2,015
  • HOA Fees: $278/month
  • Listing Agents: Pam Wye and Richard Seaton, TTR Sotheby’s International Realty

The Calloway is a stunning new construction boutique condo building located on 6th Street in Shaw. This two-unit – See more at: http://www.dccondoboutique.com/blog/the-calloway-1740-6th-st-nw.html#sthash.xHHzVmsA.dpufbuilding offers, walls of glass, generous open floor plans and refined contemporary finishes.

The Penthouse: 

  • $1,199,000
  • 3BR | 3.5BA
  • Roughly 2,000 SF
  • Parking
  • Roof deck on two sides

Penthouse highlights: Glass exterior, multi level living, high square footage, entertainers dream, two top level roof decks separated by wet bar, powder room and seating area. 360 degree views from roof decks.

Unit 1:

  • $899,000
  • 3BR | 3BA
  • Nearly 1,600 SF
  • Two-level living

– See more at: http://www.dccondoboutique.com/blog/the-calloway-1740-6th-st-nw.html#sthash.xHHzVmsA.dpuf