Local real estate website UrbanTurf identified five DC neighborhoods that experienced the biggest spike in home values in 2018. The two neighborhoods at the top of the pack are located on opposite ends of the city: Brentwood, adjacent to Union Market and Ivy City, saw a 40% appreciation in home prices this year, and West … Read More
Real Estate & Local News
What Bethesda’s Metro Tower Could Look Like After Redevelopment
Bethesda-based real estate firm Saul Centers filed a sketch plan application for its redevelopment of the building at the corner of Wisconsin Avenue and Hampden Lane in downtown Bethesda. The project would entail replacing the existing office building at 7316 Wisconsin Avenue with a 250 foot-tall tower, delivering 390 residential units (15% MPDUs) and 11,000 … Read More
DC Developer Announces Plans for “City Ridge”
Roadside Development LLC, a DC-based real estate firm, announced plans for its $650 million development of 3900 Wisconsin Avenue NW, site of the original Fannie Mae headquarters, and a groundbreaking date of December 1. The project, called “City Ridge,” will be an urban village, encompassing eight new buildings, including: – A Wegmans store (DC’s first … Read More
DC Developer Announces Plans for “City Ridge”
Roadside Development LLC, a DC-based real estate firm, announced plans for its $650 million development of 3900 Wisconsin Avenue NW, site of the original Fannie Mae headquarters, and a groundbreaking date of December 1. The project, called “City Ridge,” will be an urban village, encompassing eight new buildings, including: – A Wegmans store (DC’s first … Read More
Developer Announces Plans for ‘National Landing’
Commercial real estate developer JBG Smith recently presented its vision for “National Landing,” the site of Amazon’s HQ2 in Virginia and a rebranding of portions of Crystal City, Pentagon City, and Potomac Yard. Here are the highlights from JBG’s strategic plan for the area: Infrastructure Investments • Construction of additional Metro entrances at Crystal City … Read More
Impact of Amazon’s HQ2 Decision
After a yearlong search that drew 238 bids from across the nation, Amazon announced on Tuesday that it would divide its second headquarters between two offices, one in Queens, NY and the other in Arlington, VA. The precise location of the Virginia headquarters will be an area Amazon is branding “National Landing,” comprised of parts … Read More
DC Neighborhoods that Hit 7-Figure Median Home Values in 2018
A new analysis by local real estate website UrbanTurf pinpointed five neighborhoods in the district that crossed into seven-figure territory this year, with median home values above $1,000,000: Crestwood, Friendship Heights, American University Park, Chevy Chase, and Foxhall. Of these neighborhoods, Foxhall saw the biggest escalation in median home values, up 9.6% from 2017. Million-dollar … Read More
Bethesda’s Top 5 Home Sales – October 2018
7536 Hampden Lane List Price: $2,645,000 Close Price: $2,750,000 Close Date: Oct. 22 Features: Colonial with 4 bedrooms & 4 baths on over ½ acre of land in Edgemoor; private setting, flat yard, located at “high point” within neighborhood; nanny suite; blocks to Edgemoor Club and short walk to downtown Bethesda 7510 Oldchester Road List … Read More
How Amazon HQ2 Would Impact Housing in DC
With Amazon’s highly anticipated HQ2 decision expected any day, a new analysis by the Urban Institute found that DC would need 275,000 additional housing units by 2025 to keep up with the concomitant demand. As a result, the city would face a deficit of 105,000 housing units if development continues at its expected rate. A … Read More
5 Notable DC Home Sales – October 2018
2905 University Terrace NW List Price: $3,995,000 Close Price: $3,700,000 Close Date: Oct. 1, 2018 Features: Contemporary in Kent with 5 bedrooms, 5 full & 3 half baths; walls of glass; dramatic indoor and outdoor entertaining spaces; gourmet kitchen; lower level great room with full service bar; elevator; 2-car garage 700 New Hampshire Ave NW … Read More