A historic former office building will be transformed into a boutique hospitality offering called Mint House Downtown Washington DC.
High end apartments
Altus Realty, who led the acquisition of the property in 2022, will convert the existing 11-storey structure in the heart of the nation’s capital into 85 high-end apartment-style flexible rental units to be operated by Mint House.
Construction is scheduled to begin in November 2023 with the aparthotel set to open in early 2025.
Amenity access
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.
Exemplar project
Paul Sacco, Mint House’s chief growth and development officer said: “Mint House is thrilled to partner with Altus Realty in a one-of-its-kind conversion, turning a roughly 68,000 sq ft office building in the heart of DC 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 maximise upside by alternative conversion to residential hospitality.
“We’re very much looking forward to working alongside the Altus team in designing, opening and operating Mint House’s first Washington DC location in the months to come.”
Exceptional conversion
Altus Realty partner Gordon Fraley commented: “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 travellers a flexible residential hospitality experience.
“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.”
Doubling footprint
While Mint House’s real estate footprint has more than doubled nationally in the past two years, this transaction marks the company’s first foray into downtown Washington, DC.
Today, Mint House has more than 25 properties in 16 major US cities including New York, Philadelphia, Miami, Austin, and Nashville, with recent openings in Dallas, Birmingham and St. Petersburg, Florida.
