Madison Investment Plans 49 Unit Higher End Residential Project for 11th and I Streets, SE
by Larry Janezich
Madison Investments President Sia Madani revealed plans to develop a 49 unit residential building at 912 11th Street, S.E. – the current location of the Washington Auto Club – at ANC 6B’s June meeting last night. The project is three blocks from the lower 8th Street and Barracks Row; close to M Street, SE, and the Navy Yard; and diagonally across 11th and I from the Tyler School playground.
According to representatives of Madison, the units will be heavily weighted toward the two bedroom models. The project is in the Capitol Hill Historic District and will be subject to HPRB review. Madison hopes to go before HPRB at the end of July and will appear before ANC6B’s Planning and Zoning Committee in early July to support its historic preservation application. The company anticipates breaking ground in December of 2014 and that construction will take twelve months.
Madison (father Madini and sons) Investment, based in D.C., was established in 2006. The family owned firm has focused on the development of luxury condominiums. Its first project, completed in 2007, was on Capitol Hill at 652 Massachusetts, Avenue, NE. Madison has developed several residential/retail projects in NW since then. A project currently in the pipeline and scheduled for completion in mid-2015 is the Elysium 14 Gallery at 1925 14th Street NW.