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Summit Lofts

summit
The Summit Lofts pioneered into Scots Addition when few were willing to bet on the neighborhood.

Developed in 2009 by the partners of Monument Construction, the Summit Lofts project was a trailblazing concept in that it offered a FOR SALE product in the Scots Addition neighborhood west of Boulevard.  It was the only For Sale WAREHOUSE styled project west of Boulevard at all and it began to open other neighborhoods to the possibility of residential uses.

Summit Lofts is a 14-unit project with lot parking.  The units are all similarly designed with 2 baths and both an enclosed bedroom (downstairs) and lofted bedroom upstairs of roughly 1200 SF.  The development momentum within the Scots neighborhood and along the Boulevard/Diamond will ultimately what defines the corridor.  It is coming quickly but is a 10-15 time frame for completion.

Many notable development projects are nearby that will contribute to the speed at which Scots transitions itself including:

  • Interbake Foods
  • Redskins Training Facility
  • 3200 West Clay

Things to keep in mind when buying at Summit Lofts:

  • The parking is leased by the association but not owned (check the lease)
  • There are some unique rental restrictions
  • Energy bills can be a bit high due to window size and orientation
  • The hallways are tiled so they are a bit noisy

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Filed Under: Inside Scoop, Market Updates

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