$40M Andover House Apartments Under Way

WASHINGTON, DC-Construction of Andover House, a 171-unit luxury apartment complex, has gotten underway with developer LCOR Inc.’s recent groundbreaking for the $40 million endeavor. The building of the 12-story high-rise project is on target to reach completion in the summer of 2004, at which point LCOR will serve as both building owner and property manager.

Located in the District’s Thomas Circle community, Andover House will occupy a parcel of land at 14th and N Streets. “Andover House is in a prime downtown location, a short walk from a host of cultural institutions, the business district and the vibrant East End and Dupont Circle neighborhoods,” LCOR senior vice president Timothy Smith tells GlobeSt.com. The land itself falls under the ownership of the National City Christian Church–a neoclassical structure designed by famed architect John Russell Pope–which will adjoin the site of the new apartment structure complex. LCOR has committed to leasing the ground space from the church organization over a long-term period for an undisclosed amount.