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Omega: The Creative End of Real Estate

From Willis Shawver. Follow him on Twitter at @WShawver or email him at Willis[AT]borderstan.com. 

"Omega"

Once the Fraternity House, then Omega, soon to be a single-family residence. (Luis Gomez Photos)

Have you ever thought to yourself: “You know, if you knocked that wall down, this Chipotle has the potential to be a pretty great living space?” Well then, you might just have what it takes to get ahead in the competitive DC real estate market.

In the pursuit of the perfect living space, many real estate developers and home buyers in the District are going the route of the unconventional in order create unique and charming properties.

In recent years, several older buildings have been repurposed to meet the growing need for housing and commercial space in the District.

The old Lenox School in Capitol Hill, built in 1898, was recently converted into 24 condominium units. Churches like St Monica’s Episcopal in Capitol Hill have also been converted into housing. In Adams Morgan, the old Kalorama skating rink is currently being redeveloped into apartments, albeit without windows. The new Matchbox restaurant on 14th Street was also once a bowling alley.

Now in Dupont Circle, the building that most recently housed Omega (2123 Twining Court NW, just south of P Street, has been purchased and will be turned into an alley home.

As reported in Urban Turf, the once DC gay bar hotspot was recently purchased by a family who intends to repurpose the property into a single family home.

Originally built as a stable house in 1905, the property was first converted into a restaurant in the 1950s and later became The Fraternity House in 1979. The club was eventually renamed Omega in the 1990s. Omega abruptly closed its doors for good on December 26.

As long as space is available, there really seems to be no end to this “adaptive reuse” trend. A few years from now, we’ll find ourselves commenting on how – you really can’t even tell those apartments used to be a Barnes and Noble.

The 5,850-square foot Omega property was sold for$1.9 million.

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