As Americans discover the economic and environmental costs of driving, a growing number of urban residents are opting to utilize public transportation as an attractive alternative. Promoting this lifestyle change is Carmel Partners, a leader in the multifamily real estate space. With numerous luxury apartment properties built on transit lines, Carmel Partners provides access to sustainable and affordable commuting options to their residents across the country. Most notably in Washington D.C., the firm’s properties are situated just minutes from local metro stops, a development strategy aimed to create both value and appeal in the city’s most desirable districts.
Among Carmel Partners’ new development projects in D.C. is ‘The Gantry,’ a luxury apartment complex nestled in historic Union Market District. It’s just a five-minute walk from the NoMa Gallaudet U / NY Ave Metro stop, where residents may catch a train to any one of the city’s most popular employment, retail, dining or entertainment destinations. Within a short walking distance, residents of the district can sample a variety of food and retail vendors. Well-known throughout the city is the Union Market, a focal point for cuisine and culture, just moments away from The Gantry’s front steps. With a variety of other nearby attractions, residents of The Gantry experience the best of both worlds, with opportunities to enjoy the vibrant Union Market District, or explore what lies beyond, just a metro stop or two away.
Also developed by Carmel Partners in the D.C. area is the luxury apartment complex, ‘Platform,’ located in one of the city’s most vibrant suburbs. In the heart of Alexandria, Virginia, residents are less than ten miles from the bustle of the city, with easy transportation offered by the Braddock Road Metro Station. As Platform residents access the metro just a five-minute walk away, they avoid the clogged lines of car traffic leading into D.C. In the other direction, the metro provides easy access to the picturesque downtown Alexandria, where residents find Old Town shops, a variety of dining destinations and over 900 acres of green spaces and waterfront parks.
Encouraging residents to enjoy a moment of rest after their daily commute, Carmel Partners creates balanced and uplifting communities at Platform and The Gantry. Each offering a high-end collection of amenities, residents may explore coworking and social spaces, fitness centers and yoga studios, and pools with surrounding lounge seating. Finished with sophisticated design elements, Carmel Partners’ D.C. properties provide an abundance of appealing amenities to complement their proximity to transit lines.
Beyond D.C., Carmel Partners is also using the draw of public transportation to create value at properties located in Los Angeles. For example, luxury apartment complex ‘Linea’ is located next to an Expo Line station, offering residents the chance to work and play beyond their home in West L.A. Similarly, ‘Cumulus District’ at the epicenter of Culver City and West Adams, is adjacent to an Expo Line station, and perfectly positioned between the beach and Downtown L.A.
From West coast to East coast, Carmel Partners envisions a future rooted in public transportation, inviting residents to discover a refreshing and often time saving change in their daily commute.
About Carmel Partners
Carmel Partners is one of the leading specialists in real estate investment management with a focus on U.S. multifamily acquisition and renovation, and development and construction. The company also specializes in debt and lending opportunities. Carmel Partners, LLC was founded in 1996 and has offices across the country, including San Francisco, Los Angeles, Irvine, New York City, Seattle, Washington D.C., and Denver. For more information, please visit www.carmelpartners.com.
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