MVT: Hotel and Apartments Planned for 4th and K Streets, NW

Lima Hotels, a new company established by Washington, DC developer Habte Sequar, plans to develop a 14-story building on the corner of 4th and K Streets, NW in downtown Washington, DC. Scheduled to break ground in mid-2016, the high-rise structure will have 200 hotel rooms on the first through 11th floors, topped by 30 apartment homes on the 12th through 14th floors.

Lima is in the process of identifying a management company and flag for the as yet unnamed hotel. An architectural design team, composed of PGN Architects and Gordon & Greenberg, already is on board.

The site at 317 K Street, NW is located within the 15-square-block Mount Vernon Triangle in Washington’s East End. A small commercial building and auto body shop on the site will be demolished.

The Mount Vernon Triangle neighborhood now has nearly 3,000 residential units, 1.2 million square feet of office space, and 150,000 SF of retail space. Nearly 1,000 new apartments, 1.8 million SF of new office space, and another 157,000 SF of retail space are planned. Situated close to the Washington Convention Center, this new hotel will help cement the neighborhood’s status as a destination for business travelers and tourists. Other hotel choices in the immediate vicinity include the recently opened Marriott Marquis, Hampton Inn, Fairfield Inn, Renaissance, and the planned Standard Hotel, which also will have apartment residences.