Capitol Hill Condo Garners Highest Price in NE Washington in almost 10 years

(Washington, DC—May 19, 2017)   The residential real estate services firm Urban Pace has secured the highest price for a condominium in Northeast Washington, DC, since 2008. The penthouse residence at The Sanctuary, located at 819 D Street NE and developed by The Rubin Group and Regua in the prestigious Stanton Park neighborhood of Capitol Hill, was recently sold for $1.525 million.

“The Sanctuary is one of the most unique residences anywhere in the DC area,” said Andrew Rubin, President of the Rubin Group. “Our goal was to meticulously restore and carefully combine many of the distinctive design elements of this 19th century Gothic Revival church, a Capitol Hill landmark, with modern features and amenities to offer one-of-a-kind residences of distinction in an attractive urban locale.”

“What drew me to this space is that it is art. I love the idea of raising my family in a bell tower and living within a 120 year old church on Capitol Hill.  I feel blessed to live here,” said the buyer, who has chosen to remain anonymous.

Ranging in size from one-bedroom to two-bedroom units with dens, all residences at The Sanctuary are accessible by an elegant grand staircase or a state-of-the-art elevator. Select units have rooftop decks with views of the Capitol dome. The project also includes two adjacent renovated townhomes. Each has a terrace-level one-bedroom unit along with a three-bedroom, two-and-a-half-bath unit with a private entrance, providing a living experience like that of a classic Capitol Hill row house

“The Rubin Group achieved its goal, delivering a product that required the high-end marketing that only Urban Pace could offer through our partnership with Christie’s International Real Estate to appeal to a wider luxury demographic. Through this, we could achieve a superlative price point,” states Matt Dewey, President of Urban Pace.

Dewey noted that beyond the record-setting price for the penthouse, the overall building sold at an extraordinarily fast pace.

Only two units are still available for purchase.

About The Rubin Group

 The Rubin Group (TRG) is a family-owned and -operated real estate development firm founded in 2009. TRG specializes in developing boutique rental and for-sale townhomes and multifamily buildings within the Washington, DC metropolitan area. The company is currently developing or has completed 19 projects totaling 585 residential units. For more information, please visit www.TRG-DC.com.

About Regua

Regua is a real estate investment firm specializing in the acquisition and development of commercial properties in Washington DC.

About Urban Pace

Urban Pace, now a part of The Long & Foster Companies, provides Development Services – marketing, sales, leasing and advisory services to real estate developers. Founded in 2001, Urban Pace has worked on more than 5,400,000 square feet of property, $3 billion in sales volume and over 6,000 units.  For more information, please visit www.urbanpace.com or call 202-296-1203. Follow Urban Pace on Facebook, (www.facebook.com/urbanpace)  and Twitter (https://twitter.com/urbanpace)