The team responsible for the next growth phase of the Parks at Walter Reed is proposing a significant change: replacing condos with larger townhomes. Bethesda-based Urban Atlantic, Reston homebuilder NVR Inc. (NYSE: NVR), and architect BKV Group submitted plans this week to the D.C. Historic Preservation Office for 62 four-story townhomes on parcel H/K at the intersection of 13th Place and Dahlia...
Real Estate News
The number of new contracts remains robust as we approach fall, with 6,091 new contracts recorded in the area for the week ending September 29. This represents a 13.4% increase compared to the same week last year, indicating that buyers are gaining confidence in the market as mortgage rates decline and inventory rises.During the same week, there were 78,849...
The Gaithersburg City Council has unanimously approved the preliminary redevelopment plan for the Lakeforest Mall site, setting the stage for revitalization efforts that leaders hope will reenergize the Maryland suburb.During a special session on Thursday night, the council endorsed a plan that includes 250,000 square feet of “large-format retail space” and another 220,000 square feet...
Plans are advancing for a new residential building in Friendship Heights. Donohoe has submitted a planned unit development (PUD) application to DC for a 127-unit project at 4201 Garrison Street NW, just off Wisconsin Avenue. Initial details were shared with the public in March. The five-story building will feature a mix of one- and two-bedroom units, along with a penthouse level that includes about...
A downtown hotel that shut its doors during the pandemic is set to reopen as luxury apartments in early October. Redwood Place will welcome its first residents next month in the former Hotel RL located at the corner of Calvert and Redwood streets. The 10-story building at 207 E. Redwood St., originally built in 1905, is nearing completion of its transformation into a modern 130-unit luxury apartment...
The redevelopment of a public surface parking lot in downtown Bethesda into a 12-story apartment building with up to 59 units is progressing following approval from Montgomery County planners. Led by Broad Branch Partners of Washington, D.C., the project includes the creation of a public park, which will be integrated into the downtown Bethesda Eastern Greenway as part of the 2017 Bethesda Downtown...
A new residential project is in the works for downtown DC that aims to revitalize an underdeveloped alley and outdated office space in the West End neighborhood. It has been learned that ONE Street Commercial Properties is planning to transform the former office buildings at 2121 Ward Place, 2112, and 2115 Ward Court NW into a 48-unit apartment complex, complete with two café/retail...
Three commercial-to-residential conversion projects have been conditionally awarded tax abatements, as D.C. pushes for new residential development and residents downtown.Through the District’s Housing in Downtown program the conditional tax abatements will go to conversion projects at 1625 Massachusetts Ave. NW, 1825 and 1875 Connecticut Ave. NW, and 615 H St. NW, Mayor Muriel Bowser said...
Another small office building in Northern Virginia will be replaced with a substantial new residential development. The Meridian Group has plans in the works to replace a five-story office building at 2500 Wilson Boulevard with a 16-story residential building with 323 apartments. The development, designed by Studios Architecture, will also have 18,000 square feet of ground-floor retail and...
Supply may be steadily increasing, but list prices continue to rise throughout most of the area. The median list price was $415,000 for the week ending September 1, which is 5.1% greater than the same week in 2023. Fewer sellers are dropping their asking price as we head into September, which suggests sellers still feel like they have the upper hand.There were 5,429 new listings in the area...