Mint House announced yesterday the Mint House Downtown Washington D.C, located at 1010 Vermont Avenue NW in the heart of the nation's capital; set to open in early 2025.
Altus Realty, who led the acquisition of the property in 2022, will convert the existing 11-story structure – formerly an office building – into 85 high-end apartment-style flexible rental units to be operated by Mint House. Construction is scheduled to begin in November 2023. While the company's real estate footprint has more than doubled nationally in the past two years, this transaction marks Mint House's first foray into Downtown Washington, D.C.
Mint House Downtown Washington, DC provides a premium, stay-on-demand offering that gives guests the option of nightly, short-term, or long-term living. Guests will have access to the building amenities which include but are not limited to an on-site fitness facility, a dedicated meeting space, and a cafe. Each apartment-style hospitality unit, ranging from studios to two-bedrooms, will be equipped with a kitchen, living and dining areas, and ample workspace. Located just steps away from McPherson Square Park, Mint House Downtown Washington D.C. is surrounded by distinguished restaurants, shops and businesses. The White House and DuPont Circle, and the 14th Street corridor are within walking distances, while the metro is just a block away.
"Mint House is thrilled to partner with Altus Realty in a one-of-its-kind conversion, turning a roughly 68,000 square foot office building in the heart of D.C. into a boutique residential hospitality offering. We believe that this property conversion will demonstrate a general turnkey solution for many building owners post-pandemic who may seek to maximize upside by alternative conversion to residential hospitality" said Paul Sacco, Mint House's Chief Growth & Development Officer. "We're very much looking forward to working alongside the Altus team in designing, opening and operating Mint House's first Washington D.C. location in the months to come."
"1010 Vermont is an exceptional office to residential conversion opportunity and we are excited to be working with Mint House on this project which ultimately allows us to provide guests and travelers a flexible residential hospitality experience," said Altus Realty Partner Gordon Fraley. "Our goal when converting this property from office space to rental units has always been to expand available living options in downtown Washington DC and Mint House has been a key partner helping us do just that."