Avenue apartments more expensive than other Foggy Bottom options

Apartments at The Avenue are hundreds of dollars more expensive than other area housing options, with an average rent of $3,400 per month excluding utilities.

The prices of apartments at the mixed-use development range from $2,160 for a 526-square-foot studio apartment, to approximately $10,000 for a three-bedroom apartment with a den. Some one-bedroom models cost about $2,900 and two-bedroom models about $4,600.

In comparison to other apartment buildings on or near campus, The Avenue is more expensive, apart from one-bedroom apartments at Equity Residential’s 2400 M Street, which can cost about $100 more for some models. For studio apartments, The Avenue costs more per month than some models available at the Savoy, the Statesman and 2400 M Street by about $800 to $1,000.

Boston Properties Project Manager Richard Ellis said a number of GW students plan to live at The Avenue, and said tenants will be able to move in starting mid May.

“We have seen some student interest, both graduate and undergraduate,” Ellis said.

Ellis said The Avenue does not restrict anyone from leasing an apartment.

Other area apartment buildings may try and ward off students by creating income requirements and banning co-signing on leases.

Junior Keaghan Ames recently pre-leased a one-bedroom apartment with a den in The Avenue for the next school year that he’ll share with two other roommates.

Ames said what really sold the building were amenities like a rooftop pool and a Whole Foods on the first floor.

Sophomore Mike Martens also plans to live in The Avenue next year, in a two-bedroom apartment with three other roommates. He said choosing to live with three roommates next year factored into his decision, because it made the living arrangement cheaper.

“The pricing is more affordable than GW housing and The Avenue has more to offer than any on-campus options,” Martens said.

GW housing rates for most upperclassman residence halls are either $11,900 or $13,020 for the 2011-2012 academic year.

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