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Shaw Area Properties

Shaw area properties seem to be in the next up-and-coming neighborhood in the District, right next to Logan Circle and the U Street corridor.

Here, recent Shaw area properties listings include a $399,000, 1BR, 730-square-foot condo on Florida Avenue and a $249,000, 1BR, 453-square-foot studio on Marion Street.

Like many communities on the outskirts of Washington D.C.’s long-established downtown and Dupont areas, the Shaw area properties have been slower to change but now the area welcoming a surge of enhancing development that’s triggering a hot housing market.

The Shaw area is referred to as the “Harlem of Washington D.C.” for its rich black culture.  This community is in Northwest along Florida Avenue is predominantly known for Howard University and the U Street corridor of bars, restaurants and shops. Now, its apartment, condos and Victorian row homes are in high demand.

to Shaw development, prices for Shaw area properties vary significantly, but lately they’ve been rising. The median home price for the area is about $550,000, up 12.9% from last year, according to Trulia.

The recent development in Shaw include two large-scale, mixed-use apartment projects – one with 300 luxury apartments and a second with ground floor retail and office space on Seventh Street, according to the Washington Post. The center of the Shaw community, where construction cranes are busy with development in about two square blocks of dirt just north of downtown, will soon house a renovated grocery store and a hotel.

The Shaw district includes three Metro stations on the green line – U Street, Mount Vernon Square and Shaw-Howard University. In a short walking distance are Logan Circle, Dupont Circle and Gallery Place.

Shaw needs this development – its commercial district, pocketed with vacancies for decades, has struggled to flourish. But one resident tells the Washington Post, that while he’s waited a long time for this boom, he’s welcoming “anything that’s being built to make the community more comfortable for people who live here.”

While longer term residents are eager for more progress, potential residents will find that they may be swayed to join the tide of incoming new homeowners when then learn about plans for Shaw development and Shaw area properties.

 

For more:

Rock Creek Realty: www.rcrdc.com

Washington Post: http://www.washingtonpost.com/realestate/what-you-can-buy-in-shaw/2012/07/12/gJQArHjCgW_gallery.html

 

 

 

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