- The Real Estate Market
A blog about real estate, interior design, and the home in the Washington, DC area.
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By
Alejandro Salinas
• Details continue to emerge about the $9 million mortgage fraud in Fairfax County. [WaPo]
• There’s talk of a sale of The Dumont, a 500-unit condo on 4th Street and Massachusetts Avenue. It was seized by banks earlier this year after failing to sell enough units to satisfy lenders. [UrbanTurf]
• Curious about the whereabouts of your favorite local celebrities and politicians? There’s now a map that makes stalking them super easy! [Georgetowner via Georgetown Metropolitan]
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By
Rudi Greenberg
New condos and apartments—some with great views.
Arlington has three distinct areas: the Rosslyn-Ballston Corridor, the Crystal City/Pentagon City area, and South Arlington, which includes Shirlington. All three are walkable areas with good access to public transportation. New condos in Arlington cost on average about $480 a square foot—up slightly from last year. Arlington is the only part of the Washington market to see an increase, according to William Rich, who tracks condo sales at the real-estate firm Delta Associates. Here are some of Arlington’s new condo and townhouse developments: Liberty Center (888 N. Quincy St.; 703-875-2211) in Ballston has rooftop views of the Washington Monument and the Capitol. Prices start at $379,999 for a one-bedroom and go up to $685,999 for two bedrooms with a den. Nineteen new units are left in the 98-unit Park at Courthouse (2220 N. Fairfax Dr.; 703-516-9445), 2½ blocks from the Court House Metro. Remaining two-bedroom condos range from $599,999 to $650,000. Turnberry Tower (1881 N. Nash St.; 877-872-7589) opened this summer. It has one-to-four-bedroom condos from $600,000 to more than $4 million. Only about a dozen condos are left at Rosslyn’s Waterview Residences (1111 N. 19th St.; 703-879-6138), a building with great views of the Potomac River and the monuments. Junior one-bedrooms start in the high $300,000s; penthouses cost more than $4 million.
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By
Alejandro Salinas
A round-up of real-estate news and gossip.
• Plans for the transformation of Capitol Hill’s Hine Junior High School into a mixed-use development featuring restaurant, retail, and office space were announced earlier this week by the mayor. Construction is set to begin in 2011. [Housing Complex]
• Cleveland Park is facing tough times: Eleven of 64 storefronts are empty in the neighborhood. The vacancies have sparked debate among residents and business owners on how to prevent future closings. [WaPo]
• Plans for the conversion of the H Street Connection strip mall in the Atlas District into a mixed-use building with retail and apartment space were discussed at an ANC meeting earlier this week. [Greater Greater Washington]
• Some of the weekend’s best open houses include a two-bedroom in Columbia Heights and another in Logan Circle. [Urban Turf]
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By
Alejandro Salinas
Every Friday, we round up the week's real-estate news and gossip.
• Looking for the mixed-use development promised by Monument Realty on Half Street near the ballpark? All you’ll find is a hole in the ground. [WBJ]
• Street car rails are being installed along H Street in Northeast, despite the city’s ban on overhead wires and the lack of details about the route. Also, the cars are still in the Czech Republic. [DCmud]
• The U.S. Secretaries of Energy, Education, and Labor will be visiting the Finishing School in Northeast this afternoon from 3 to 6. The school was selected by television show Extreme Makeover: Home Edition for a renovation. [Housing Complex]
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By
Alejandro Salinas
• Here are some renderings of the plans to expand the U Street building that now houses Results Gym. [Housing Complex]
• Could a Wal-Mart be in the city’s future? The company is eyeing a spot on Howard Road in Southeast but there are no immediate plans. [WBJ]
• Former President John F. Kennedy’s first home in Georgetown, currently occupied by congressman Roy Blunt, was on the market for all but a day before being snatched up. [Georgetown Metropolitan]
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By
Alejandro Salinas
Every Friday, we round up the week's real-estate news and gossip.
• Washington Capitals owner Ted Leonsis bought a $2.6 million condo in Georgetown’s Wormly Row. [WBJ]
• Plans for a four-building mixed-use development on the intersection of Eisenhower Avenue and Mill Road are close to being approved by Alexandria’s city council. [DCMud]
• HGTV is casting in town for its show My First Place, which documents the experience of first-time homebuyers. [UrbanTurf]
• Madison Square Garden LP, the entertainment-promotion company that owns Madison Square Garden and also operates Radio City Music Hall in New York City, is scouting around DC in hopes of opening an entertainment venue. [WBJ]
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By
Alejandro Salinas
A round-up of real-estate news and gossip.
• Renovation of the Georgetown Neighborhood Library, which suffered a fire that affected its roof and second floor in 2007, is under way. The library is scheduled to reopen in the fall of 2010. [DCist]
• Developers and the city government are tangled in a battle over property assessment, as the latter pushes for power to contest assessment decisions made by the Board of Real Property Assessments and Appeals. [WBJ]
• DC’s Department of Housing and Community Development will hold a foreclosure-prevention clinic at Israel Baptist Church next Saturday. The clinic will feature presentations on avoiding foreclosure scams, and a team of counselors will be on hand to dispense advise on foreclosure prevention. [Urban Turf]
• Commercial construction across the nation was down 71 percent for the month of June, according to Associated General Contractors of America. A stark contrast from May, which saw gains of more than 20 percent. [WBJ]
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