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Photo: Philip Seaton Photography |
2124 Eye Street
2124 Eye Street, NW Washington, DC
Karchem's Role: Project Manager
Owner: The George Washington University
Size: 8 stories, 68,000 SF with 86 units
Budget: $4.6 million
Year Built: 1920s
Karchem Properties's expertise in older properties was essential in evaluating the physical and financial feasibility of converting a masonry apartment building to student housing for the George Washington University (GW).
Karchem Properties assisted the university in conducting acquisition due diligence on the apartment building. After reviewing the property's condition and intended use as student housing, Karchem Properties prepared a budget and schedule for renovation. As part of the due diligence report, Karchem recommended an operating and maintenance management program for the short term.
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