Developer Habte Sequar To Build 49 Unit Condo Building Near Atlas District
by Larry Janezich
Last night, Washington developer Habte Sequar of Pierce Investments told ANC6A’s Economic Development Committee of his plans to build a 49 unit, five floor residential building at 1215 K Street, NE, in the space now occupied by Jimmy’s Tire shop. The site lies just outside of the Atlas District, three blocks north of H Street, and two blocks east of Gallaudet, at the intersection of Florida Avenue, K Street, and 12th Street, NE.
When questioned about how the units will be marketed, Sequar said, “they will definitely be condos.” The 50 foot matter of right building will provide 30 underground parking spaces. The plans call for 16 two-bedroom units and 33 one bedroom units, ranging from 600 square feet to 950 square feet. Inclusionary zoning requirements will provide five or six affordable housing units, maintaining the 2-1 ratio regarding unit size. Sequar expects to break ground in 30 days and complete the project 15 months later.
Sequar is the developer behind The Cardozo, a 28-unit apartment building at 11th and V Streets, NW; The Aston, in Logan Circle; The Renaissance at Logan; and Josephine Condos at 440 Rhode Island Ave., NW.