More condos for Columbia Heights
Madison Investments has bought a blighted apartment building in Columbia Heights for $3.2 million through a bankruptcy trustee sale, the Washington Business Journal reports.
The 36,000-square-foot vacant building at 1020 Monroe Street NW encountered a string of lawsuits and has been sitting in Chapter 7 bankruptcy for the past year.
The D.C.-based development company will renovate the 28-unit building under a condo conversion. The plan is to put retail on the ground floor and install a roof deck for residents.
By
Washington Post editors
| May 26, 2010; 3:08 PM ET
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DC
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Posted by: seraphina21 | May 28, 2010 10:05 AM | Report abuse
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Gentrification!!!!!