Pre-leasing at The Avenue will begin in March, after most students apply for fall housing.
Information on the cost of apartments at The Avenue development – which range from studios to three-bedroom apartments – won’t be available until March, project manager Rich Ellis of Boston Properties said.
“Pricing will be known in March, and pre-leasing will also be released in March, but the official opening is not till May,” Ellis said.
The Avenue isn’t preventing undergraduates from leasing apartments, unlike some other local apartment buildings, which set barriers to student tenants by requiring proof of high income to sign off on a lease.
“Even though the apartment is in no affiliation with GW housing, the apartment is open to the community,” Ellis said.
Still, students who want to live in The Avenue will have to hope the building falls within their price range, or decide instead to apply for University housing or other apartments in the area.
The GW housing application goes live Feb. 14-18 for rising seniors and those participating
in the Focus On Fall Abroad Community program, according to GW Housing Programs.
The second housing round, for Housing Programs staff, Living Learning Community participants, Greek-letter housing and students seeking fall-only license agreements, takes place Feb 21-25.
The general application period for all rising students is from Feb. 28 to March 4. The deadline for third and fourth-year students to cancel their housing with the University without a fee is April 4.
While pricing isn’t yet known for The Avenue, studio apartments nearby can range from $1,865 to $2,280 per month at Equity Residential’s 2400 M Street building, and two-bedroom apartments can cost up to $4,755. The Statesman on F Street offers studios for about $1,750 to $1,900, and one-bedroom apartments can range from $1,947 to $2,444.
The two 12-story residential towers along Eye Street near the Foggy Bottom Metro are connected and will have a total of 335 apartments, a fitness center, a Wi-Fi-enabled community room, a business center with work stations and a rooftop pool with Wi-Fi.
Retail options under the buildings include Whole Foods Market, Roti Mediterranean Grill and Sweetgreen, among others.
Some students are already looking forward to the new apartments, but are unsure as to whether or not they will choose to live there because of the cost.
“I would want to live at the apartment because it’s convenient, it’s in front of the Metro and they have grocery stores,” said Nancy Osei, a junior and resident of 1959 E Street. “But at the same it will be very pricey.”
Kamilah Weeks, a sophomore resident of Fulbright Hall, said she would want to live at The Avenue next year if the price is reasonable.
“But I would think it would be expensive because of its location,” she said.
This article appeared in the January 27, 2011 issue of the Hatchet.