The Allegro Condominium development is coming along with the completion of its site demolition in February and the beginning of the site work in March.  Allegro is a $105 million, 297 unit condominium project that is being built at the site of the old Giant (3460 14th St NW).  It is being developed by Metro Properties.  There have been some official press releases and media reports over the past several weeks that we have been meaning to post.

Late last month, the Washington Business Journal published a story on Allegro.  Here are some excerpts:

Columbia Heights' revitalization will take another step with the pending construction of a $105 million residential complex on 14th Street NW.

Site work has started at Allegro Condominiums, a 297-unit development backed by Bethesda-based Metro Properties.

There was also a bit of information on the retail portion of this project.

Plans for the 353,000-square-foot Allegro complex, which will top out at five stories, include 7,000 square feet of retail. The retail tenants haven't been determined yet, but Metro Properties will likely pursue a coffee shop and other neighborhood-style stores, Rubenstein says.

This is news to us.  Last year, we were told that the retail portion will consist of two spaces, each with 1,500 square feet (only 3,000 sq. ft. total) .  This is good news for many residents who expressed a strong desire for retail in this development.  The original plans for Allegro had no retail space at all.  Last year, with some community prodding, Metro Properties decided to add the retail component to its plans.

For the full WBJ story, please go to:  Metro Properties plans $105M project on 14th St. (subscription required).

The following is a press release from Metro Properties made at the end February:

Demolotion Completed At The Future Site OF Allegro Condominiums
 
(Washington, DC) – Monday, February 26, 2007 – In a statement issued today, Jeremy Rubenstein, President of Metro Properties, Inc., announced the completion of demolition at the future site of Allegro Condominiums – DC’s top-selling condominium project. Located in the heart of Columbia Heights on 14th Street between Monroe and Meridian Streets, demolition of the old Giant Food Store is the first phase of what will become known as the largest residential project in DC’s Ward 1.

Developed by Bethesda-based Metro Properties, Inc., Allegro Condominium will showcase exciting retail along 14th Street, together with approximately 300 new homes.  Priced from the $300’s, Allegro has been designed by award-winning architects Eric Colbert & Associates. Every home features cutting-edge styles, unique upgrades and inspired finishes including soaring 9-foot ceilings, gourmet class kitchens with 42" flat-panel cabinetry and granite countertops, maple flooring and 42” LCD flat-screen televisions. In addition to the impressive amenities, Allegro also boasts over 60 two-level penthouse homes featuring some of the largest rooftop terraces in the region. Residents will enjoy this hotspot of urban vitality just moments away from all the best food, stores, theatres, culture and music that encompass DC.

For more information about Allegro Condominium, please contact Annette Picon, Public Relations Director, at Merrick Towle Communications (301.974.6028) or visit the property’s website at www.AllegroSpaces.com

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