{"id":12611,"date":"2015-04-08T05:00:36","date_gmt":"2015-04-08T12:00:36","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=12611"},"modified":"2020-12-24T03:11:02","modified_gmt":"2020-12-24T11:11:02","slug":"resmarks-10eleven","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/resmarks-10eleven\/","title":{"rendered":"Resmark&#8217;s 10Eleven"},"content":{"rendered":"<p>Yardi client The Resmark Companies has teamed with Streetscape Partners LLC and Community Three Deve<a href=\"http:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2015\/02\/10eleven.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-12612\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2015\/02\/10eleven-300x205.jpg\" alt=\"10eleven\" width=\"300\" height=\"205\" \/><\/a>lopment LLC to develop 10Eleven, a 71-unit condominium and 4,257 square feet of ground-level retail space, in the historic Logan Circle area of Washington, D.C.<\/p>\n<p>\u201cThe project, dubbed 10Eleven, will appeal to professionals seeking a high quality, newly built urban residence that offers a walkable lifestyle with excellent access to public transportation, employment, amenities and services,\u201d Alexandra Johns, Resmark\u2019s senior vice president investments, told <i>MHN<\/i>. \u201cIn addition, the project will include retail and restaurant space on the ground floor to offer homeowners and neighbors even more options for everyday convenience and onsite leisure.\u201d<\/p>\n<p>Located at 1011 M St., 10Eleven will appear to be two distinct buildings, inspired by the rowhouses and classic apartment buildings in the neighborhood, and suggesting the attention to detail carried throughout. The 71 condominiums will include one- and two-bedroom floor plans and luxury penthouse units.<\/p>\n<p>The roof deck, reception lobby and corridors will feature a sophisticated level of finish with design by Darryl Carter, a noted D.C. tastemaker, author and boutique home design retailer.<\/p>\n<p>Chief among the amenities is a roof deck with grill, fireplace, trellis and furnishings that will offer views of the skyline and space for outdoor relaxation and entertainment.<\/p>\n<p>The property\u2019s location, at the intersection of 11th and M Streets, NW neighbors other new residential developments as well as classic townhomes and smaller commercial buildings on tree lined, pedestrian friendly streets.<\/p>\n<p>\u201cLogan Circle is a historic area of the District that melds modern developments with classic Victorian heritage,\u201d Johns said. \u201cThe neighborhood is eminently walkable\u2014just two blocks north of the Central Business District and surrounded by four Metro stations. And Logan Circle is known for its variety of retailers, restaurants, art galleries, live theater and nightlife options. A Whole Foods market in the neighborhood is one of the chain\u2019s highest grossing locations and is one symbol of the area\u2019s desirability.\u201d<\/p>\n<p>According to Johns, the equity investment in 10Eleven reflects Resmark\u2019s practice of seeking unique opportunities in strategic markets that we believe will continue to offer strong job and population growth.<\/p>\n<p>\u201cThe investment also reflects Resmark\u2019s commitment to building strategic relationships with high-quality developer partners with whom we believe Resmark can complete multiple transactions,\u201d she said. \u201cBoth Streetscape Partners and Community Three Development have demonstrated great strength in urban development, which make them great joint venture partners for this addition to Resmark\u2019s Metro D.C. portfolio.\u201d<\/p>\n<p>The project is expected to welcome its first residents in January 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Yardi client The Resmark Companies has teamed with Streetscape Partners LLC and Community Three Development LLC to develop 10Eleven, a 71-unit condominium and 4,257 square feet of ground-level retail space, in the historic Logan Circle area of Washington, D.C. \u201cThe project, dubbed 10Eleven, will appeal to professionals seeking a high quality, newly built urban residence [&hellip;]<\/p>\n","protected":false},"author":451,"featured_media":12612,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"yes","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[41,29,1027,768,165],"class_list":["post-12611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-development","tag-multifamily","tag-resmark-companies","tag-washington-d-c","tag-yardi-client"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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