by Nate Ward
on Saturday, April 7th, 2012 at 8:31pm.
Anchored by the Washington DC Convention Center, Mount Vernon is a neighborhood in transition. As the area continues to evolve many existing row houses are being converted to condos while prices in existing projects continues to rise. The sprawling row house at 428 M Street NW is currently being converted to four luxury condos with development expected in "Fall of 2012."
In the past 12 months, prices in Mount Vernon have caught up with more expensive projects to the South in Chinatown. The Sonata Condos at 301 Massachusetts Ave NW serves as an informal gateway to Mount Vernon. Another development in the neighborhood that has seen a stready rise in values demand is the condos at Ten Ten Mass. A third project at City Vista Condos has also seen strong demand. Developers are struggling to deliver units fast enough and prices are on the rise. A huge mixed use commercial/residential project dubbed "Citymarket at O" is currently underway just to the North of Mount Vernon in Shaw. Originally built in 1881, the shopping district was one of several markets that served residents of Washington DC. Headed by Roadside Development Company and due to be completed in the Spring of 2013. The finished project will include 87,000 square feet of retail space, 629 residential units, and a 71,000 square foot Giant Food Store.