Luxury Apartments Offered for Inauguration Week
A luxury apartment company is taking advantage of the influx of people expected for the inauguration.
One and two-bedroom units that are sitting empty are being offered up as an option to hotel rooms that are hard to find these days. JPI, a McLean-based company, announced the availability today of the Jefferson at Capitol Yards and the Axiom at Capitol Yards, new buildings with fancy lounges and reception areas.
There’s a price to pay, of course.
Normally, a one-bedroom starts at $1,855 a month and a two-bedroom starts at $2,555, said Melanie Martin, a PJI spokeswoman.
For this special inauguration housing, renters would agree to a three-night stay and pay $750 per night for a one-bedroom and $1,000 a night for a two-bedroom. The price could go higher, Martin said.
JPI stands to make plenty.
At first, the company was going to offer 10 units, but Martin said many more could open up. The Jefferson, which has 448 units, is only 15 percent occupied, while the occupancy rate stands at about 8 percent at the 246-unit Axiom, Martin said.
By Nikita Stewart
David A Nakamura
November 14, 2008; 1:29 PM ET
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