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Business

Japanese developer converting historic DC property into condos

Dating back to the 1920s, the Wardman Tower cuts an elegant profile.

OSAKA -- Sekisui House plans to sell high-end condominium units inside a roughly 14,000 sq. meter building in Washington.

     The major Japanese homebuilder purchased about half of the Wardman Tower in January. It has already begun what will be major renovations to the interior but plans to preserve the exterior.

     Sekisui House will start selling the 32 condo units as early as 2015, targeting wealthy buyers. With the rest of the building continuing to operate as a hotel, the eventual residents will enjoy access to hotel services.

     The tower, constructed in 1928, is designated a historic building and is now part of the Washington Marriott Wardman Park hotel operated by Marriott International.

(Nikkei)

 

 

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