Waterfront Tower is Now Over 51% Sold

FHA Financing & Immediate Move-In Available Now!

“Condominium sales in the Washington area jumped 34 percent in 2009 with a total of 2,350 units sold, fueled by the first-time home buyer’s tax credit, low interest rates and the creation of high-paying jobs in the region,” according to The Washington Business Journal, which also mentioned that Waterfront Tower had considerably outperformed the average 2009 sales pace, selling nearly 16 units per month in the fourth quarter.

“We are very pleased, but not surprised that Waterfront Tower is in such demand,” responded Marc Duber, Chief Operating Officer of The Bernstein Companies, the developer of Waterfront Tower. "Our buyers are savvy purchasers and many have taken advantage of both the $8,000 first time homebuyer tax credit and the fact that the building is FHA approved. And this chic light-filled building has all the surrounding amenities and is next to the Metro. People just can’t find condominiums like this in the District at these prices,” concluded Mr. Duber.

Offering sustainable living and modern comfort, Waterfront Tower has drawn buyers from a variety of cities and neighborhoods across the District, Maryland and Virginia. “Many of the current buyers have been attracted to the community because of its convenient location and the attraction of an urban lifestyle,” added David Mayhood, President of The Mayhood Company, the firm that represents the community.

Originally designed by the world-renowned architect I.M. Pei, Waterfront Tower condominiums are comprised of studio, one-bedroom, and two-bedroom homes. The homes are exquisitely detailed with features such as floor-to-ceiling windows, open kitchens, Caesarstone countertops, custom white oak hardwood floors, and high-efficiency CleanSteel appliances.

Waterfront Tower is adjacent to DC Metro’s Waterfront Station, on the green line. In the spring of 2010, nearby Waterfront Station will become the future home of two government agencies. It also will have a vibrant retail selection including a new full-service Safeway grocery store, Starbucks, multiple restaurants and a major national bank. Waterfront Tower is also a short walking distance from the soon-to-be revitalized Southwest Riverfront and the new Arena Stage theater.

Happy Thanksgiving from Waterfront Tower

On behalf of everyone here at Waterfront Tower, we would like to take this opportunity to wish you a very happy Thanksgiving. We’ll be enjoying our holiday with family and friends, and hope you can do the same.

FANCY FACADES, CLEVER DESIGNS: Condo Opulence Captured at Waterfront Tower

Express NightOut is a publication from the Washington Post that helps residents stay in the know about trends, entertainment, and culture around the city. Recently Waterfront Tower was featured in an article “Fancy Facades, Clever Designs: Four Local Condo Buildings Blend Architecture With Quirk” that gives the low-down on why condos are getting hot, and why Waterfront Tower is such a great find.

“These days, designer condos often hold rank with tony rowhouses. That's in part because condo hunters can choose among top designs by award-winning architects, from international superstars to local barons of the blueprint. More than just a status symbol, architectural eye candy often signals a savvy investment. Washington's best-designed condo buildings show a pretty face—not to mention smart interiors and clever details."

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.