The Patterson Mansion a 15 Dupont Circle sold for $20 million and with its sale comes the dissolution of the Washington Club, a women’s club that called it home for more than 60 years. Developer SB-Urban purchased the property and plans to build 92 micro-apartments between the historic structure and a new addition.
This sale is the most expensive transaction in the city so far this year. The property, sold by TTR Sotheby’s, was originally listed for $26 million.
The Patterson House was designed by architect Stanford White and constructed in 1902-03. Since 1951, The Washington Club–a private women’s club–has owned and functioned out of the historic mansion on Dupont Circle. Days after announcing the sale, The Washington Club also announced it has decided to file articles of dissolution.
The club’s attorney John Matteo of Jackson & Campbell P.C. told the Washington Business Journal:
“The club, with a declining membership of less than 100, plans to file its articles of dissolution with the District by the end of the summer and is in the process of winding down its operations…”.
Developer SB-Urban’s plans for the historic mansion at 15 Dupont Circle include a new seven-story addition designed by Hartman-Cox Architects and zero parking spaces.
Excluding the 8 units of affordable housing set aside as required by law, the monthly rent for a furnished unit will be somewhere around $2,500 to $3,000 a month, as we previously reported. The target income level for future residents is between $100,000 and $125,000 a year.
Leases will be offered for as short as three months at a time. The teams has said they expect the average length of a lease will be six of seven months.
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