ADAMO
Adams Morgan, DC
1794 Lanier Place NW, Washington, DC 20009
Success
- $710 a sq. ft. 20% more than the surrounding neighborhood comparables
- Retail that added resident value and uniqueness
- Private roof decks sold separately
Strategy
- Exceptional finishes, private roof terrace spaces and luxury focus
- Virtual reality tours for the units
- Start presales several months earlier than normal to focus on top pricing and sell the retail vision
Challenge
- Seen as a “young party” location and not luxury
- Former gas station site
- No for sale parking – limited available for lease