Faison

121 West Trade Street
27th Floor
Charlotte, NC 28202

Phone: 704/972-2500
Fax: 704/972-2698

Archived News

FOR IMMEDIATE RELEASE
June 27, 2006

FAISON COMPLETES 48-UNIT CONDOMINIUM BUILDING

Delancy Lofts
Delancey Lofts, is located in the Adams Morgan neighborhood of Washington, D.C.

Charlotte, NC —June 27, 2006 — The Washington, D.C. Residential Development office of Faison & Associates is pleased to announce the completion of the Delancey Lofts condominium. The project included the renovation of and addition to an existing 61,394 SF, 1930’s-era brick warehouse building located on Kalorama Rd. in the heart of the vibrant Adams Morgan neighborhood.  Faison purchased the property in 2004 and enlisted the design services of Hnedak Bobo Group Architects of Memphis, TN, to re-energize the building with a unique design that compliments the existing warehouse-style building, while completely renovating the building interior and the exterior façade. The design added one new living level to provide a total of 76,868 SF condominium space with 48 new loft-style units.

Residents of Delancey Lofts enjoy true loft living in this unique property. Individual one- and two-bedroom residences feature 12-foot ceilings and premium appliances and finishes, within unique and carefully composed layouts, including lofted bedroom areas.  Many units provide exposed brickwork and structural elements with large warehouse style windows. These features are making Delancey Lofts a sought-after address in the competitive real estate market of our nation’s capital.

Faison’s Residential Development Group and its Principals have developed over 400 residential condominium units in the Washington Metro area. Specializing in high density, urban infill development, the company currently has approximately 500 residential units either in the planning or construction stages and was recently listed in The Washington Post as a Top Five Condo Builder in the Washington DC metropolitan area.

Faison Enterprises, Inc. is a privately-held development company with a diversified product portfolio that includes retail, commercial and residential project development, management and acquisitions services. With more than 40 years in the business and holdings of approximately $1 billion, including $500 million of new projects under development, the Charlotte NC based company manages and develops properties throughout the South and Mid-Atlantic and maintains regional offices in Bethesda MD, Washington D.C., Charlotte NC, Charleston SC, Atlanta GA, Orlando and Delray Beach, FL. For more information, visit www.faison.com.

Founded in 1979, Hnedak Bobo Group (HBG) is a nationally recognized architectural design firm with offices in Memphis, Tennessee and Las Vegas, Nevada. Specializing in creative, imaginative design for urban mixed-use/residential design and hospitality and entertainment architecture, the firm consistently ranks among the top ten in a national survey of major hospitality design firms. HBG specializes in the interpretation of their clients’ visions into environments that express style and image through form, materials, texture, light, sound and color. Their focus is bringing people and communities together through dynamic settings that feed the vibrancy of savvy urban lifestyles. Visit HBG at www.hbginc.com.

Contact:

Faison  
Commercial and Residential Development, Washington, D.C. Region: Russ Whitworth, 202-481-1300 or russ.whitworth@faison.com
Media: Carol Lommerse, 704-972-2669 or carol.lommerse@faison.com
Web site address: www.faison.com
Source: Faison Commercial and Residential Development

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