JID Investments is pleased to announce that we have completed our 18th investment opportunity! Peninsula 88 is an eight-story, residential condominium for sale, mixed-use property and featuring 110,000 sqft of waterfront property located in SW Washington DC. Directly seated on the southwest confluence of the Potomac and Anacostia Rivers, offering unmatched water views and only blocks away from both the DC United (Audi Field) Soccer Stadium, Washington Nationals Baseball Stadium, and Capital Riverfront. The project consists of 110 luxury condos with two-level underground parking and 1,800+ sqft of ground floor retail space. Condos units range from 650 to 1500+ sqft and are priced from $500,000 to $1,700,000. The property was also just recently Winner – “Best Washington/Baltimore Highrise Condominium Community” in Delta Associates’ 25th Annual Multifamily Award.
JIDI raised $4.4M in equity for the project and returned more than $2.8M in profits to investors. We are very pleased with this investment and would like to thank our Sponsor/Partner Capital City Real Estate and our family of investors for this wonderful opportunity!