Thursday, August 4, 2016

525 Water Begins Settlements


The first units have settled at 525 Water, one of the condo buildings at The Wharf. According to the Washington Business Journal, four units have settled so far, and all of them belong to leadership at PN Hoffman, the master developer of the mega project on the Southwest waterfront. More than 50 percent of the units at 525 Water have sold so far, which means that settlements can begin. The article states that the building received its certificate of occupancy within the past week. 525 Water is part of Parcel 11 at The Wharf, which will be the first buildings to deliver in phase one. The new St. Augustine’s will open its doors next month with a convocation service on September 24. The remaining buildings in phase one from 7th Street to the Municipal Fish Market will deliver in the fall of 2017.