901 North Capitol Street

Network has planned a 120-room, short-term rental (“STR”) apartment building in the plaza at Union Square. The STR business model meets a growing source of demand from customers seeking stays that are longer than traditional hotel bookings but shorter than typical one-year apartment leases. The fully furnished units at 901 North Capitol will include kitchens and average 650 square feet, making them comparable to the increasingly efficient studio and one-bedroom units being delivered in traditional multifamily buildings. The building will also serve to activate the plaza between the two existing office buildings.

Project Details

Acquisition date
July 2019
Office Value-Add
901 N Capitol St NE, Washington, DC
Rentable Area
% leased
Year built/renovated
Site Area
0.9 Acres

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