$76M Post Mass Ave. Project Set for Opening

WASHINGTON, DC-Construction on Post Massachusetts Avenue–the new $76-million luxury high-rise apartment building offering 269 units at the well-traveled intersection of 15th Street and Massachusetts Avenue–winds down as the building prepares to open its doors to its first tenants on Sept. 27. The structure marks Atlanta, GA-based developer Post Properties Inc.’s residential high-rise debut in the District.

Designed to appeal to the luxe-living crowd, Post Mass Ave. offers spaces ranging from about 400 sf to 6,000 sf at a corner property highlighted by a ground-level courtyard, an on-site pool and a fitness center. There are also three floors of sub-level parking to accommodate the 15-story tower’s residents. The high-end apartments have attracted a great deal of attention despite an economy that is not necessarily conducive to high-end rents. Studios start at about $1,300 per month, while three-bedroom units run from $6,000 per month.

“We’ve been leasing at a very strong pace,” Post Mass Ave. property manager David Bonds tells GlobeSt.com. “There is definitely a great demand for our product. We have such a fantastic location and are attracting people from Capitol Hill to Georgetown University to people working in Alexandria who want to do the reverse commute.”