DC Real Estate
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Good Deal or Not? Weekly Wed. House Porn – “So much storage space you will freak out!” edition
This home is located at 1250 D St, SE: The listing says: “Four bedrooms on the upper level. Master bedroom suite (20′ x 22′) Blazing Southern exposure w/ 43 windows, 2nd level terrace, rear deck, dual zone CAC, Huge Kitchen/ Family Room, breakfast bar island, six burner Viking, double ovens, 48″ Subz, 2 DW, 2 [...]
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Existing Home Sales Rise For Third Time in Four Months
The National Association of Realtors today announced that existing home sales across the country rose 4.3 percent between December 2011 and January 2012. Keep reading »
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Georgia Avenue Groundbreaking Delayed Again
Groundbreaking for Guardian Realty's 13-story residential tower at 8711 Georgia Avenue was delayed yet again because of the developer's indecision in choosing a general contractor, according to multiple (frustrated) sources. The project had been set to break ground at the end of January, but fell victim to Guardian's protracted pursuit of lower bids.Guardian had no comment when contacted for this story.Described as far back as 2008 as being on the "fast track," the project has flagged in recent years. Originally conceived as a 13-story Class A office tower, with ground-floor retail space, the project was switched to residential after the down economy made preleasing difficult. (Location might also have been a factor - potential tenants who declined to lease at 8711 include corporate
titans Northrup Grumman, Siemens, and Hilton, who all took offices elsewhere in the area.)
Developers anticipate a heightened demand for housing in the area after Walter Reed merges with the National Naval Medical Center in Bethesda. The site plan amendment, which left the original building's footprint almost entirely unchanged, was approved by Montgomery County planners in April 2011.The new plan calls for 160 units in a thirteen story, 143-foot tall building on the 0.87 acre parcel, plus a bit of retail space (halved from 4,500 in the original plan). The WDG-designed building, which will open onto the forthcoming Fenton Street extension, also features a laudably adventurous "public arts plaza" designed by local artist Martha Jackson-Jarvis. The main feature of the plaza is a 75-foot "wave wall," a sort of flowing mosaic sculpture of varied textures that will "undulate like waves." Another, smaller, mosaic wall and a series of three-dimensional sculptures rounds out the space, and a mid-block pedestrian mall will connect the plaza to nearby Georgia Avenue.At the April 2011 hearing for the site plan amendment, Brian Lang, representative of 8711 Georgia Avenue Parking Lot LLC, described the project as "liven[ing] up" a particularly "dark and dreary" stretch of Georgia Avenue. But before that happens, they'll have to actually build it.
Silver Spring real estate development newsFor information on advertising, marketing, story submissions, or real estate, call us at 202-588-1405
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Why Interest Rates Should Be 3.4%
This morning, The Wall Street Journal had an intriguing article as to why long-term mortgage rates should be even lower than their already-historic lows. Keep reading »
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Sponsored: 2012 – The Time For DC Homeowners to Test The Market
As an urban real estate brokerage that is out on the streets daily, UrbanLand Company has been seeing indicators that it might be a good time for property owners to test the market. Keep reading »
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Morning Real Estate Review
Ruben plans 400 unit apartment building near ballpark (JDLand) Plans for the old JPI site, now known as "20 K", will be designed by Shalom Baranes.
TIAA-CREF buys shops at Wisconsin Place (Retail Traffic) New England Development sold the retail portion of the mixed-use development, anchored by Whole Foods, for $113m.
Fannie Mae says housing to boost housing to boost GDP for first time in 7 years (HousingWire) Growth seems to be rebounding, and though housing is not expected to be a big contributor, indicators point toward modest improvement.
Commercial real estate giant Grubb & Ellis files for bankruptcy (HousingWire) The California based firm seeks Chapter 11 court protection.For information on advertising, marketing, story submissions, or real estate, call us at 202-588-1405
What's New
February 21st, 2012
Coming soon to the Mosaic District in Merrifield, Va - Anthropologie! Add the that the awesome line-up of eateries to come: Le Pain Quotidien, Taylor Gourmet, Sweetgreen and Matchbox
Anthropologie joins retail line-up at Mosaic District www.washingtonpost.com
The chain of clothing and home furnishings will open at the Merrifield development in October.
February 17th, 2012
This Weekend's Exciting February Activities in DC, MD & VA - So much to do! http://p0.vresp.com/XyUw78 #CapitolHill #WashingtonDC #Events
