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| Patterson House, Washington, DC |
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| Sue Carras |
WASHINGTON, D.C. – Holliday Fenoglio Fowler, L.P. (HFF) announced
it has arranged joint venture equity for the redevelopment of the Patterson House, a historic mansion in
Washington, D.C. that will be renovated and expanded into 92 fully-furnished,
luxury apartment units.
HFF worked on behalf of
SB-Urban, whose principals are Frank
Saul III and Mike Balaban, and
its partner Rooney Properties, whose principals are Francis and Kathleen Rooney and Jim Lee, to procure joint venture
equity through CBD LLC, led by principals Chuck
Berman and Tracey Appelbaum.
Originally designed by renowned architect
Stanford White in 1903, the Neoclassical-style property, located directly on
Dupont Circle, will be converted into an urban suites concept, uniquely
tailored by SB-Urban to serve a highly-mobile clientele seeking a full-service,
highly-amenitized experience not available in the current marketplace.
The project will include a
full renovation of the mansion and the addition of an eight-story wing, all of
which Hartman-Cox Architects designed with interiors by Darryl Carter Inc. The general contractor will be Manhattan
Construction Company.
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| Kathleen Rooney |
The Patterson House will
feature shared living spaces in which SB-Urban will provide a visiting chef
program, daily continental breakfast, study lounge/meeting space, special
events kitchen, private wine storage and a large living room with staffed bar
in the space that formerly served as the mansion’s ballroom.
Services also will include
a state-of-the-art fitness center, housekeeping and laundry service, concierge
service and cultural/entertainment programs.
The Patterson House offers a
flexible residential option for urban professionals coming to live downtown to
conduct business with the area’s law firms, embassies, political and financial
institutions, and global companies.
“This unique project will
provide renters a new choice for a luxury, full-service living experience in
Washington, D.C.,” said Sue Carras,
HFF senior managing director.
“The urban suites concept
provides a thoughtful emphasis on the quality of product and service that will
clearly differentiate the Patterson House in the market, beyond its exceptional
amenities.”
For a
complete copy of the company’s news release, please contact:
Olivia Hennessey
Public Relations
Coordinator
HFF | 9 Greenway Plaza
Suite 700 | Houston, Texas 77046
tel 713.852.3403 | fax
713.527.8725 | www.hfflp.com
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