Luxury Multifamily Building at The Wharf Reaches 100% Sold

Luxury Multifamily Building at The Wharf Reaches 100% Sold
News| July 2, 2025| Jasmine Kilman
Washington DC + Apartment Buildings

Amaris, part of Phase 2 at the Southwest Waterfront’s The Wharf development, has officially sold out all 96 of the property’s units.

The development opened in 2022, and condo units have consistently driven the highest sales prices in D.C. In 2023, a penthouse that sold for $12.76 million broke the record for the most expensive condo sale in the District. The average selling price was $2.5 million.

Designed by the late, world-renowned architect, Rafael Viñoly, the 12-story, 96-unit waterfront condominium residence features interiors designed by Thomas Juul-Hansen. At The Wharf, Amaris was developed by Hoffman & Associates, a prominent real estate developer across the Mid-Atlantic and Southeast.

The Wharf is a $3.6 billion, world-class, mixed-use waterfront neighborhood located along the Washington Channel of the Potomac River. The development is home to over 80 restaurants and shops, four hotels, and thousands of residents and workers.

Other News

Multifamily Refinancing Squeeze: 41% Higher Costs, $6.8B Equity Gap

Apartment Buildings

Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...

Learn more

Mortgage Rates Tilt Demand Toward Multifamily: Marcus & Millichap

Apartment Buildings

An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...

Learn more

Revere, MA Weighs 1,700-Unit Housing Project

Boston & New England + Apartment Buildings

The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up