313-317 Kennedy Street NW Update 07/08/21

Petworth Development Site Trades Hands

Feldman Ruel Urban Property Advisors has announced the sale of 313-317 Kennedy Street NW. The Petworth development site is approved for a 24 unit condo development to feature a mix of 1 & 2 bedroom homes. Per the announcement, the property closed at $147 per square foot, putting the sale price at around $3M. The seller, Lock7 Development had acquired the site in October 2020 for $1.225M.

 

 

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