February 13, 2012
Washington, DC, Wednesday, February 13, 2012 – Lynn Hackney, President of Urban Pace, a new home sales and marketing company for urban developers located in Washington, DC, is pleased to announce that Urban Pace is breaking new sales records at 1020 Monroe, a condominium building located in Columbia Heights. The building was 70% pre-sold before the Grand Opening on February 3, 2012 and is now 90% sold just 10 days later. Additionally, 1020 Monroe is selling for an average of $521 per square foot, breaking the record for this submarket.
Jeremy Aldridge, Vice President for Urban Pace remarks: "This amazing sales pace and price per square foot is attributed to the high quality design and attention to detail of the developer, Madison Investments and the sales and marketing acumen of Urban Pace. That combined with an ideal location makes it a win-win in urban residential real estate."
1020 Monroe is a boutique building of 28 units. On the retail level of the building will be a restaurant / coffee lounge from restaurateur Constantine Stravropoulos of Tryst.
For more information about 1020 visit www.1020monroe.com or www.madisoninvestments.net
About Urban Pace:
Urban Pace, LLC is a privately owned company that has been in the business of selling and marketing urban real estate for more than 10 years. The Urban Pace portfolio of properties exceeds 2.2M square feet of urban condominiums and townhomes in the greater Washington, DC market area. For more information please visit www.urbanpace.com or call (202) 296-1203. Follow Urban Pace on Facebook, Twitter and Flickr.
Contact: Stephanie Orton Lynch
Director of Public Relations | Blue Bug Digital
202.248.5855 | firstname.lastname@example.org