Overview

Elite is well-located to one another at the eastern junction of the Rhode Island Avenue NE and Bryant Street NE intersection. with an excellent location and frontage along Rhode Island Avenue NE, which is less than four (4) blocks (5 min. walk) east of the Rhode Island Avenue Metrorail Station, Rhode Island Avenue, the busy byway that links NE and NW and the capital’s inner suburbs in Prince George’s County, is experiencing revitalization with several new developments that are designed to change the avenue’s face and feel.

Elite is located within close proximity to MRP Realty’s plan to construct the Rhode Island Avenue Center (www.mrprealty.com/4th-rhode-island-avenue-dc/), a seven-building, 1,550-unit complex, said to be DC’s largest residential development in years. Further, MidCity, a property owner, developer and investor for more than 40 years, has unveiled plans for a 20-acre, mixed-use development on the Rhode Island Avenue corridor, dubbed RIA (www.riadc.com). RIA will be a vibrant, 20-acre community destination that will feature new apartments, homes, senior living, a re-envisioned town center, modern retailers and restaurants, and lush public spaces. The subject will be centrally located within these various major redevelopments.

LOCATION: These truly unique condominiums rise above vibrant neighborhood. Contributing both quality of life and sophistication. Elite serves as a hub for sophisticated urban living and recreational activity, with various primary streets and avenues for vehicular traffic providing convenient access to the central business district and surrounding areas. The Elite is located at 1002 Rhode Island Avenue in NE Washington, DC 20018. The properties are located contiguously to one another, at the eastern junction of the Rhode Island Avenue NE and the Bryant Street NE intersection. The properties are well-located, with an excellent location and frontage along Rhode Island Avenue NE, which is less than four (4)-blocks east of the Rhode Island Avenue Metrorail Station.

The Elite is very walkable, with several restaurants and retailers located throughout the Rhode Island Avenue corridor. Rhode Island Row (www.rhodeislandrow.com), a dynamic streetscape of shops, restaurants and services, is also located in close proximity, less than three (3) blocks east of Elite, adjacent to the Rhode Island Avenue Metrorail Station.

Living in Elite offers a vibrancy you won’t easily find in Downtown DC.-the areas offers an abundance of cafes, restaurants, historic sites and parks. A wide range of other outdoor activities are all within reach. Rhode Island Row houses a mix of national and local tenants, such as CVS Pharmacy, Carolina Kitchen, Chipotle, Dunkin’ Donuts, Jersey Mike’s Subs, Sala Thai, TKO Burger, Sprint, T-Mobile, H&R Block, Suntrust Bank, and Xfinity, to name a few.

Elite is located along Rhode Island Avenue (Route 1), a major inter-city boulevard commuter route that runs from Dupont Circle through the 14^th Street/Logan Circle, Shaw, and Bloomingdale neighborhoods before exiting northeast DC to the Maryland suburbs of Hyattsville, College Park (University of Maryland) and beyond.

The development is ideally located in northeast DC at the nexus of four growing neighborhoods: Edgewood, Eckington, Brookland, and Brentwood, in Ward 5, which is the political district of the majority of northeast DC.

Elite benefits from its location adjacent to a Metrorail Red Line Station.  The Red Line is the busiest Metrorail line and runs through a majority of DC’s employment centers including Silver Spring, NoMa, Union Station, Gallery Place/Chinatown, East End, Farragut Square, Dupont Circle, Chevy Chase, and Bethesda.

Strengths:

• On-going and recently completed development (especially around the Metro)
• Easy Metro access
• Rhode Island Ave is a major traffic artery in and out of the city

Quality:

The units will be self-contained and finishes will be upper level quality. Each unit will contain an individual HVAC unit, tankless water heater and stacked washer and dryer unit. Flooring will consist of hardwood finished in place with alternate flooring consisting of European tile installed in the bathrooms. Kitchens and bathrooms will consist of upper level cabinetry and vanities (baths). Kitchen appliances will consist of upper mid-level stainless steel appliances (dishwasher, refrigerator, range/oven, and microhood as well as upper level kitchen and bath fixtures. Countertops will be solid-surface (granite, quartz or equivalent). Wall tile and backsplashes for each unit will be high-end stone or equivalent. Kitchen and bathrooms will consist of European tiles. The building will be equipped with a full sprinkler system and smoke detectors. The units will also be equipped with an alarm and intercom system and will be separately metered for electricity. The exterior walls of the building are brick, the roof surface is will be a composite material, and gutters and downspouts will be metal or vinyl. The units will contain insulated front glass entry doors. Windows will be a combination of vinyl double-hung, casement and fixed, insulated glass with screens.