After more than eight years since its initial proposal, the redevelopment of the vacant Superfresh grocery store site in Northwest D.C. has officially secured the necessary financing to move forward. A joint venture between Mill Creek Residential and PGIM Real Estate has successfully obtained a $92.3 million construction loan from U.S. Bank National Association, according to documents filed last month...
dc real estate
Several exciting developments are underway around Howard University, with nearly 40 buildings and sites in various stages of repair, renovation, and redevelopment. These projects, in areas such as Shaw and Pleasant Plains, could open up significant development opportunities at key locations. Here are some of the notable neighborhood developments currently in the pipeline: 1. The Oliver The...
https://terringwanggroup.com/wp-content/uploads/2025/01/JAN-12-2025-Market-Watch.mp4 The Washington, D.C. real estate market for the week ending January 12, 2025, has exhibited notable fluctuations, reflecting both seasonal trends and market shifts. New listings totaled 915, marking a significant 7.5% decrease year-over-year from January 2024 but a robust 22% increase compared to the previous week. The...
The Washington, D.C., office market concluded 2024 with positive absorption—more space occupied than vacated—for the first time since the second quarter of 2023. This trend was driven by strong absorption across both the District and Northern Virginia, totaling approximately 50,000 square feet in the fourth quarter of 2024.In the District, significant tenant move-ins contributed to this...
https://terringwanggroup.com/wp-content/uploads/2025/01/JAN-2025-Market-Watch.mp4The Washington DC real estate market for the week ending January 5, 2025, presents a mix of year-over-year declines and week-over-week improvements. New listings totaled 750, reflecting a 5.9% decrease compared to the same week in January 2024. However, there was a dramatic 99.5% increase in new listings from the previous...
https://terringwanggroup.com/wp-content/uploads/2024/12/Dec-15-Market-Watch.mp4The Washington, DC real estate market showed mixed results during the week ending December 15, 2024. Below is an overview of the key performance metrics: New Listings: A total of 628 new listings were recorded, reflecting a 5.2% increase compared to the same week in December 2023. However, new listings saw a notable decline...
https://terringwanggroup.com/wp-content/uploads/2024/12/Dec-8-Market-Watch.mp4 As we approach the end of the year, the real estate market in the DC Metro area is showing continued signs of activity, with key indicators revealing mixed trends as buyers and sellers adjust to current conditions. New Listings: The number of new listings in the DC Metro area reached 836 this week, representing a 12.8%...
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...
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