PROJECTS
Pacific House - Apartments, Office Condominiums - Dupont - TOPA
Pacific House.jpeg

Developed  by Pacific House, LLC, including Ernest Marcus as co-managing member.

  • 11 apartments, 18,000 sq.ft. office

  • Awarded project after competition through tenant group which had first right of refusal to purchase through local D.C. law

  • Negotiation with tenant group to obtain condominium conversion for residential and office condominiums

  • Complex due diligence, including obtaining Certificates of Occupancy for office tenants which were not in place

  • Negotiation with existing office tenants to either purchase or relocate

  • Acquisition/Renovation financing

  • Successful marketing of office condominium project, a market niche in D.C.

  • Sellout of 11 residential units, including 4 to existing tenants.