Placemakr opens 17th property in D.C. metro area

Placemakr, a tech-enabled hospitality and multifamily operator, has opened the 81-unit Placemakr Navy Yard in Washington D.C. 

“We’re thrilled to deepen our presence in our home city of Washington DC. The Navy Yard neighborhood is exactly the type of location we look for when launching a new property, with incredible demand drivers that let us serve everyone from young professionals to families and so much in between,” Placemakr CEO Jason Fudin said in a statement. “This is our second time partnering with MMg. They’ve been pioneers in the flex-use asset class in DC, and we couldn’t be more excited to continue working with Julio, Don, and team”.

Placemakr also partnered with MMg at Placemakr NoMa, a 62-unit apartment-hotel that opened in March of this year. “After an incredible turnaround effort upon takeover at our property in NoMa, we’re committed to expanding our relationship with Placemakr with the conversion of our Navy Yard properties,” said Julio Murillo, CEO of MMg. “They’ve built a platform that is laser-focused on asset profitability and guest satisfaction while responding to clear market demand, and we’re excited to work together to bring flex living to Navy Yard.”

The property is close to Barracks Row and Eastern Market.