Mint House, the tech-enabled flexible living option that offers spacious, premium apartment-style accommodations across the U.S., announced the early 2025 opening of Mint House Downtown Washington D.C, located at 1010 Vermont Avenue N.W.
Altus Realty, which led the acquisition of the 68,000-square-foot property in 2022, will convert the existing 11-story former office building into 85 high-end apartment-style flexible rental units to be operated by Mint House. Construction is scheduled to begin in November 2023. While the company’s real estate footprint has more than doubled nationally in the past two years, this transaction marks Mint House’s first foray into downtown Washington, D.C.
Located at 1010 Vermont Ave. N.W., Mint House Downtown Washington, D.C. will provide a premium, stay-on-demand offering that gives guests the option of nightly, short-term, or long-term living. Guests will have access to the building amenities which include but are not limited to an on-site fitness facility, a dedicated meeting space and a cafe. Each apartment-style hospitality unit, ranging from studios to two-bedrooms, will be equipped with a kitchen, living and dining areas, and ample workspace. just steps away from McPherson Square Park.
“We believe that this property conversion will demonstrate a general turnkey solution for many building owners post-pandemic who may seek to maximize upside by alternative conversion to residential hospitality,” said Paul Sacco, Mint House’s chief growth and development officer.
The brand’s flexible rental model is advantageous to guests and building owners alike, the company said. Mint House provides more options for guests, both accommodating the growing need for short term housing and catering to travelers. For building owners, increased overall demand for hospitality offers optimized returns due to Mint House’s operational expertise and dynamic pricing. Mint House’s flexible rental model also benefits the cities themselves by providing a need not filled anywhere in the market: premium rentals for those in need of a short-term housing option – eliminating the need for subleasing – that also accommodate tourism, business travel and single-night stays.
“1010 Vermont is an exceptional office-to-residential conversion opportunity and we are excited to be working with Mint House on this project which ultimately allows us to provide guests and travelers a flexible residential hospitality experience,” said Altus Realty Partner Gordon Fraley. “Our goal when converting this property from office space to rental units has always been to expand available living options in downtown Washington D.C. and Mint House has been a key partner helping us do just that.”
