Waterfront Tower: Already Half Sold!

UrbanTurf is a free online media publication that publishes daily articles, news, and commentary about the DC metropolitan residential real estate market. Recently they checked in again with Waterfront Tower and had the following to report:

“The enviable sales pace combined with the 35 presales to existing tenants means that it will be half-sold within a couple weeks and Bernstein can begin settling on the contracts…..When asked for his thoughts on why the project was selling so well, Greg Rooney of The Bernstein Companies pointed to the combination of price point (units start in the $200s); proximity to Metro (the Waterfront-SEU station on the Green Line is on the same block); quality (the contractor was Abdo Development, known locally for developing high-quality product); and eco-friendliness.”

Read more here.

The Federal Homebuyer Tax Credit has been Extended!

The Federal Homebuyer Tax Credit has been extended and expanded, making now the best time ever to buy a new home. Here are some quick facts about the Extended and Expanded Tax Credit:

• First-time homebuyers (anyone who hasn't owned a home in the last three years) can get up to $8,000 in tax credits.
• Buyers who have owned their current homes for at least five years are eligible for a tax credit up to $6,500.
• The new law will increase the income ceiling for qualification to $125,000 for individuals and to $225,000 for married taxpayers.
• To qualify, buyers have to sign a purchase agreement by April 30, 2010.

Now is the perfect time to purchase a new home at Waterfront Tower.

Waterfront Tower reflects the spirit of 21st century Washington, offering sustainable living, bright spaces, and world-class style in Southwest.

Waterfront Tower in the News: A Developer Goes Back to Its Roots

Back in the early 1970s, the developers of Waterfront Tower The Bernstein Companies were known for upscale condo conversions like the Colonnade, The Cathedral, Claridge House at 25th and K, Boston House near Brookings, and the Carlyle on Columbia Pike. Then it got out of that business for 30 years. Now they’re back, and Waterfront Tower is the perfect example of what the company has set out to achieve. Read more here.

DC Area Condo Sales on Two-Year Upswing

Washington, D.C. condominium sales are on the rise again according to a new study, reaching the highest quarterly sales volume in two years. There is also growing evidence that condominiums are increasingly seen as a more stable asset. And, prices are still very competitive—at least for now. Read more here.

Arena Stage Progress Update

When you live at Waterfront Tower you live in the center of D.C.’s culture district. Just blocks away, you’ll find Washington’s most prominent regional theatre, Arena Stage. Since 1950, Arena Stage has been a focal point of innovative American and national theatre treasure. This venerable Washington landmark has been undergoing a major renovation and expansion of its facilities.

A massive $125 Million budget helped the theater practically recreate its facilities: A breathtaking glass roof and endless glass walls bring together three separate stages, and additional café, lounge, and terrace areas have been added and enhanced. The construction is on schedule to have the theater open again in October 2010. Click here to watch a video tour of the construction in progress.

A residence at Waterfront Tower places you in the center of everything Washington culture and art have to offer. Learn more about the exciting city icons and points of interest all around Waterfront Tower. Waterfront Tower reflects the spirit of 21st century Washington, offering sustainable living, bright spaces, and world-class style in Southwest.

Discover “Some of the Most Affordable New Condos in the City”

The word is getting out about the incredible values of a new home at Waterfront Tower. A stellar location, clean and modern style, and all the little details that make the homes here feel and look far more expensive than they really are—Waterfront Tower is distinctive, filled with light, and eco-friendly. But don’t just take our word for it—Read what the local press is saying about our community here.

You can also read about us here (click on page 14) .

Join us for a Free Homebuying Seminar

We invite all our neighbors to attend a first-time homebuyer seminar at Waterfront Tower. Join us to learn:

- The financial tools needed to buy your first home
- Everything you’ll need to qualify for a loan
- How to take advantage of the $8,000 Tax Credit

Where:
Waterfront Tower
Corner of M St. at 3rd St. SW
(entrance on M St.)

When:
Tuesday, October 20
6:00 – 7:00 p.m.

-or-

Saturday, October 24
11:00 a.m. – 12 noon

This seminar will include a presentation by a mortgage company and light refreshments will be served. Parking is available in the front lot off M St. This event is also easily accessible via the Green Line (Waterfront-SEU Metro station)

Please RSVP for Tuesday or Saturday at: wtdcinfo@gmail.com

Waterfront Tower
1101 3rd St. SW
Washington DC 20024
202.484.0888
wtdcinfo@gmail.com

Tour Waterfront Tower Daily
11:00 a.m.- 6:00 p.m.
www.WaterfrontTowerDC.com