Morris and Gwendolyn Cafritz Foundation Announces Pre-Leasing of The Modern at Art PlaceJune 13, 2017 –
An Artistically Inspired Community Arrives in Washington, D.C.’s Fort Totten Neighborhood
The Morris and Gwendolyn Cafritz Foundation is pleased to announce the pre-leasing of studio, one-, and two-bedroom apartments at its newest residential property, The Modern at Art Place. The Modern is a brand-new community comprised of three residential buildings with the first 90 apartments delivering summer 2017 and 300,000 square-feet of retail set to deliver by 2019.
The new residential community is operated by Bozzuto Management and features inspired amenity spaces, a designer gallery equipped for billiard tournaments, poetry nights and spaces for pop-up art exhibits or an indoor market. Additional community amenities at The Modern include bocce ball courts, a Zen garden, a yoga studio and an indoor fitness center. The community also offers residents the opportunity to host guests at the rooftop pool, on the shaded deck for entertaining or in the gaming lounge. Idyllic outdoor courtyards and a sleek tech bar round out the offerings at The Modern.
Upon completion Art Place at Fort Totten will include more than 300,000 square feet of retail, including the 47,000 square-foot Explore! Children’s Museum, the 41,825 square-foot XSport Fitness center and 170,000 square feet of cultural and art spaces to entertain and educate community residents. Explore! Children’s Museum is slated to open in 2019 and will provide the community a venue to engage families, schools, and local organizations to extend the learning experience for children.
“We visualize The Modern as a unique building where families and individuals can enjoy the proximity to all that D.C. has to offer, in the comfortable confines of an accessible community,” says Calvin Cafritz, President of The Morris and Gwendolyn Cafritz Foundation. “As one of the neighborhoods to watch, The Modern will provide residents a place to eat, play, explore, and live in Fort Totten.”
The Modern is centrally located in the heart of Fort Totten at 400 Galloway St. N.E., less than a five-minute walk to the Fort Totten Metro Station, which provides convenient access to downtown D.C. via the green, yellow and red lines.
Studios at The Modern offer up to 494 square feet, one-bedrooms up to 770 square feet, and two-bedrooms up to 1,189 square feet. Apartments at The Modern will start at $1,475. The Modern’s pop up leasing office is now open across from 5211 4th St. N.E. Washington, D.C., between Hamilton St. N.E. and Kennedy St. N.E.
“Creating communities that mix belonging and inspiration is central to our goal of providing residents with extraordinary experiences of home and community,” says Stephanie L. Williams, President of Bozzuto Management Company. “Fort Totten will continue to grow as innovative companies, meaningful retail and cultural institutions continue to invest in its future. The Modern is one of those thoughtful, impactful communities and we are proud to join The Cafritz Foundation in bringing a new standard to this vibrant neighborhood."
The Morris and Gwendolyn Cafritz Foundation
The Morris and Gwendolyn Cafritz Foundation was founded by Morris Cafritz in 1948. It is the largest private, independent, family foundation focused exclusively on the Washington, D.C. metropolitan area. The foundation awards grants only to nonprofit organizations in the fields of Arts and Humanities, Community Service, Education, Health, and the Environment.
The Bozzuto Group is an experiential real estate company that is continually celebrated for its developments, customer service and workplace culture. With an expertise in homebuilding, multifamily development, construction and management for itself and its clients, Bozzuto is devoted to crafting extraordinary experiences.
Founded in 1988, Bozzuto has developed, acquired and built more than 42,000 homes and apartments. Currently, it manages more than 60,000 apartments and two million square feet of retail space along the East Coast between Miami and Boston, in the Northeast and Chicago. www.bozzuto.com.