Sneak Peek – Monroe Street Market’s Cornerstone Apartments, a set on Flickr.
I recently had the pleasure of a “sneak peek” hardhat tour of Monroe Street Market’s Cornerstone building. It’s been a while since we have done an update so here is a reminder – there are 3 apartment buildings that make up the development – Brookland Works and Portland Flats are the other two. They are completed and well occupied. Brookland Works is located between Monroe Street and Michigan Avenue, at 8th Street, NE and by now is well known for the Arts Walk – 27 art studios and a pedestrian walkway down the center. The apartments there are 98% occupied and area residents are eagerly awaiting the retail elements that will face Monroe Street NE, including restaurant Brookland Pint and potentially a coffee shop/bike shop combo. Portland Flats is six stories high and began leasing apartments in November. We have friends who live there and are impressed with the upscale vibe. This building houses the Potbelly Sandwich shop that recently opened and will house the & Pizza restaurant coming soon.
Getting back to Cornerstone – it covers roughly a two block stretch along Monroe Street that starts at 7th Street and meets up with Michigan Ave NE. This building, when complete, is described as the “hub of the Community” and will house the majority of the amenities and retail space of the development. At the westernmost end of the development (where Monroe intersects with Michigan Avenue), you can see the frame out for the clock tower that will be the highlight of a public square; envisioned as a vibrant space for students, faculty, and local residents to meet and mingle. The square will also have a fountain and outdoor café seating. The apartments at Cornerstone are being completed in blocks of 30 – 40 apartments, and leasing for immediate move in will begin in early March. When complete, Cornerstone will offer 310 apartments ranging from studios to 2 bedrooms in a 5 story building. Many neighbors will be happy to know that public underground parking will be available, which should help with the increased visitors to the development.
My tour began with a walk-through of the retail spaces. The first thing I noticed was the super high ceilings throughout, which should make for really enjoyable shopping/dining. The Buzzuto construction team is handling the build-out of the Barnes and Noble, and the Starbucks and Busboys and Poets are starting to be framed out. If all goes well, we should expect these to open in the fall.
Next, I got a tour of the residential common areas on the first floor. This is where I was really blown away. Clearly the design is geared for socializing, community building and good times. If I wasn’t an old married lady, I would so love to live here. The lobby features fireplaces, conference tables, and a business center. Down the hall there is a coffee station, a party room and a pool table area, overlooking two courtyards connected by a breezeway. One courtyard will feature a two level infinity pool and a giant, indoor/outdoor two-way fireplace. The other courtyard will be a great hang out and socializing spot with piped in music, built in barbeque grills, a bar area, and lots of landscaping. Even though these areas were still under construction, you can see a great degree of craftsmanship and attention to detail that really make these areas special. I really dug the creative use of wood, high ceilings and industrial looking windows. The 3000 square foot gym will be available to all Monroe Street Market residents, and will offer lots of cardio and free weight options. They even offer a yoga studio (!) and will bring in a yoga instructor for regularly scheduled classes.
Lastly, we wound through a wide variety of apartments with a big mix of floor plans. Some even come with private entrances and many had ultra-high ceilings. The apartments with finishes looked high end with granite countertops and stainless steel appliances. I think my favorite unit was a sweet studio apartment with super high ceilings and a pocket door that would allow for separate sleeping and living areas, or an open floor plan.
Once the housing and retail areas are complete at the Cornerstone, there will be a grand opening to mark the completion of the three buildings in the development. Many thanks to the guys over there for giving us the tour and catching us up with the latest!