The big news for Arlington, VA is that the e-commerce colossus, Amazon, has chosen this Washington DC suburb to host its east coast headquarters. More accurately, the enormous project known as Amazon HQ2 has been divided into two parts--one to be run out of Arlington, VA and the other to be run out of the Long Island City neighborhood of Queens, NY. Officially, the Northern Virginia HQ2 will be part of what has now been branded National Landing: a sort of Franken-hood comprised of Crystal City as well as parts of Pentagon City and Alexandria’s Potomac Yard.
Not only is Arlington County prime for Amazon, boasting--perhaps for the first time ever--a 20% vacancy rate with regard to commercial real estate. JBG
It would be easy to lose count of all the things that make DC’s Georgetown neighborhood amazing. It is exciting and serene at the same time. There is always something happening. There is an abundance of smart people. The architecture is unrelentingly gorgeous--eye-catching and able to blend into the background. The C & O Canal. Georgetown University. Dumbarton Oaks. M Street NW. The Potomac River. Wooden rowhomes. Cobblestones! And the list goes on and on and on.
Georgetown is a place where people want to be. And if you want to be there so bad, why don’t you just live there? Look at you. You’re thinking about it, aren’t you?
Somewhere on the endless list of things that make Georgetown amazing is the selection of beautiful
There’s no denying that Petworth is a neighborhood on the rise. As a result, Petworth real estate is somewhat harder to come by than it was ten years ago. While the neighborhood’s iconic property is the brick rowhome (complete with basement and front porch), they are attached or semi-detached anyway, so why not consider the increasing selection of Petworth condos?
As Petworth’s popularity increases, condos provide an excellent opportunity to reap the neighborhood’s obvious benefits and offerings. A condo is also a great vantage point from which to scope out your future rowhouse or detached property.
Petworth condos come in all shapes and sizes. Many buildings, such as Kennedy Flats and The Christina were purpose-built as condominiums, while
The Armed Forces Retirement Home will soon begin a project on its Northwest DC Campus that is now ten years in the making. On Monday, March 19th, the AFRH issued a solicitation to developers. Paying its operating costs from a trust fund rather than federal appropriations, the AFRH has had difficulty making ends meet over the years, but thanks to some creative thinking and congressional approval, a portion of the 272-acre campus has been allocated for private development. This will create a new revenue stream from which the fund can be topped off.
Though various ups and downs have halted the forward progress of this project, the delays may have been a blessing. Petworth, the neighborhood that shares the AFRH’s northwest border, has undergone a
Capitol Riverfront | Situated on the Anacostia River and 1 mile from Eastern Market, Capitol Riverfront (aka Navy Yard) has been making quite a name for itself over the past few years. As with so many urban ports that have long served as industrial and business centers, the Capitol Riverfront is in the midst of mindset-shifting revitalization. A mix of residential, commercial, dining, shopping and loads of outdoor activities is the reason why Capitol Riverfront is experiencing the largest development boom in its history. Anchored by Nationals Park, Capitol Riverfront is home to a myriad of eateries such as Cornercopia, Sweetgreen, Bluejacket Brewery, and Takorean. Yards Park is a premier waterfront destination, providing green space and water features
Foreign real estate investors are eyeing the Washington DC real estate market! In the past year, DC has risen two spots, from number six to number four among U.S. cities for foreign investment. Only New York, Los Angeles, and Seattle came in before our nation’s capital.
South Korean and Chinese institutional investors are fueling much of the interest. The top five property types investors are most interested in listed by members of the Association of Foreign Investors are industrial, multi-family, office, hotel, and retail (in order of importance).
D.C. Developments and Beyond
It’s no secret D.C. has been growing immensely over the past few years. The city as a whole has been working hard
Address: 1111 24th St NW Type: Condos No. of units: 71 Affordable Housing: N/A Type of Unit: One-, Two-, Three- bedroom Price: $1.2 M - $4.2 M Status: In Sales First Move-in: Sept. 2017 Developer: EastBanc., Inc.
Westlight Condo | West End
The Westlight Condos are located in prime real estate—centered in the West End of the city, near Georgetown, Dupont Circle and Downtown D.C.
The condos are designed by the architect Enrique Norten, with features by artist Ingo Maurer. Their signature is all over the building, from its cantilevered glass building façade to breathtaking sun-drenched views from floor to ceiling windows.
The 71 condos are part of a 10-story building that includes an expansive library and over 7,000 square feet of retail
American University Park is a very suburban neighborhood. It is named after American University, which is actually situated just south of the neighborhood. Dining and shopping options in the immediate neighborhood are scarce, but there is a Wagshal’s Market, locally owned and full of delicious food and produce. There’s also a branch of the popular Tara Thai restaurant and a CVS.
While the immediate neighborhood is more residential, AU Park is minutes from Tenleytown, which is full of fast-casual restaurants like Chick Fil A, Starbucks, José Andrés’ Beefsteak, Dunkin Donuts and more. AU Park is also conveniently located next to Friendship Heights, which also has plenty of shopping and dining options.
Address: 300 8th St NE Type: Condos No. of units: 42 Affordable Housing: N/A Type of Unit: One-, Two- bedroom Price:$500k - $1M Status: Under Construction First Move-in: Winter/Spring 2019 Developer: Community Three Development, Torti Gallas Architects
Real estate developer Community Three Development is planning on building a complex at 300 8th St. NE. The complex will include 42 condos with one and two-bedroom units. Designer Torti Gallas has been chosen to design the project, which will offer a ground-floor fenced-in courtyard at the back of the building.
The building would include lots of exposed brick with huge multi-light double hung windows. It would, of course, stay true to its historical nature, harkening back
Compass is a licensed real estate brokerage that abides by Equal Housing Opportunity laws. Information is compiled from sources deemed reliable but is not guaranteed. All measurements and square footages are approximate. This is not intended to solicit property already listed. Compass is licensed as Compass Real Estate in DC and as Compass in Virginia and Maryland. 1313 14th Street NW, Washington, DC 20005 | 202.386.6330