on Tuesday, December 18th, 2012 at 4:02pm.
Condo development near Nationals stadium in Southeast Washington D.C. is certainly going strong. Nationals Park, ranked the 14th most well attended MLB stadium in the U.S., draws more than 2 million visitors per year but baseball fans aren't the only ones flocking to the area -- homebuyers are joining them.
More homebuyers in recent years have been drawn to the condo development near Nationals stadium, an area south of the Capitol and adjacent to the Navy Yard and along the Anacostia River. Nationals stadium opened to the public just four years ago and since then developers, despite the recession at the time, have been hustling to make the community more livable with significant condo development. This area is known as Capitol Riverfront.
Condo development near Nationals stadium includes a 14-story, high-rise building on First Street between K and M streets called the Velocity Condos, which is already complete. Velocity Condos began delivering in 2009 and condos there are now priced from about the low $300s for a studio to the upper $500s for a two-bedroom with a den.
Another project, called the Yards Factory 202, is expected to deliver 250 condos in 2016 in a renovated Navy building. In all, about 9,860 new residential units are arriving through the recent development near Nationals stadium – a roughly $9.5 billion improvement that includes apartment, office and retail space.
Residents in the condo development near Nationals stadium are enjoying a growing number of eateries and retail stores like Five Guys Burgers and Fries, Subway, Chicken Tortilla and Cornercopia market and deli. Restaurants set to open soon include Kruba Thai and Sushi, Bluejacket Brewery, Huey’s 24/7 Diner and Park Tavern at Canal Park.
The Capitol Riverfront Business Improvement District describes the residents in the condo development near Nationals stadium as having a “once-in-a-generation opportunity” to shape a community because it is growing so quickly with dramatic improvements. This is an area that is clearly thriving with office and retail tenants, and, of course, the new residents flocking to condo development near Nationals stadium.