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Well, this is it folks! The tale of 1706 T Street is officially coming to a close.
After years of struggle and failed organizing, the former tenants at this building are long gone, and a new era is launching.
“Come see the latest UIP renovation and have a free hot dog with me, this Friday, Saturday and Sunday,” says 1706 developer Steve Schwat.
What the hell is he talking about? Let’s do a little CliffsNotes of this saga:
Chapter 1:Tenants pay $650 to rent in somewhat dilapidated apartment building, 1706 T Street, near Dupont Circle.
Chapter 2: Tenants galvanize and buy the building, hoping to revamp the units, keep some themselves and sell others at market price.
Chapter 3: Tenants fail to keep up with mortgage payments.
Chapter 4: Tenants lose their property, and in Fall 2007, it gets auctioned off in front of a large group of manila envelope-carrying investors and developers (see below). Hot dog enthusiast Steve Schwat, of Urban Investment Partners, is the purchaser.
Chapter 6-Bye, bye tenants. Developer pays them to leave.
Chapter 7-Some $2 million in upgrades and renovations is poured into 1706 T Street, now renamed the Shelby, which is hosting its “Grand Opening Party” this friday through Sunday from 9 am to 6 pm. This e-mail invite lands in my mailbox:
“The Shelby offers 24 completely renovated, tastefully designed one and two bedroom flats [leasing info in this link]. Four of the units are located on the garden level and enjoy private outdoor patio living. The boutique styled lobby and common area spaces hide behind the original classic facade, restored to its original “turn of the last century” luster.
The one and two bedroom apartment homes have been completely and beautifully renovated with individually controlled central heating and air conditioning, laundry equipment in each apartment plus a commercial washer/dryer for the building, microwave ovens and dishwashers, granite counters, new GE stainless steel appliances, beautifully renovated hardwood floors, tiled kitchens and bathrooms and much more.
If you want to live in the heart of the city or if you live in the area now but are looking for an upgrade, come out April 17th, 18th and 19th from 9am to 6pm. Leasing agents will be on hand to accept your application and reserve your new home (pricing here) at The Shelby.