Scoop: D.C. Four Seasons residences set condo record
The big picture: The development — which has been in the works for over a decade — started selling units in October. Since then, Washington has seen a flurry of high-end real estate transactions as President Trump's uber-wealthy cabinet members snag homes, along with high-profile tech titans and CEOs.
By the numbers: The Residences are still under construction, but several units have gone for over $3,000 per square foot, says Peter Armstrong, managing director of the project's co-developer The Georgetown Company.
This breaks the previous condo price-per-square-foot record of $1,998, according to Bright MLS. (Although the group only tracks properties sold by an agent and entered into the MLS system, not units sold directly from a developer to a buyer.)
The current average price per square foot at the Four Seasons is $2,786, and the current average sale price is $5.4 million, Armstrong tells Axios.
State of play: The Four Seasons Private Residences — located on the site of a former Georgetown heating plant — will have 64 units ranging from one to four bedrooms once complete.
Plus: Luxe amenities like a wellness center with an indoor pool and spa rooms, a wine cellar and tasting room, a concierge service, and 24-7 valet.
Georgetown Company is co-developing the project with The Levy Group in partnership with Mohari Hospitality.
What we're watching: The project is expected to be completed in spring 2026, per the Georgetown Company — and Axios is waiting to see which big names move in.
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