The Week in Real Estate
A round-up of real-estate news and gossip.
• Exterior work on The Providence, a residential development in the 1500 block of 11th Street in the Shaw neighborhood of DC, is nearly done. Once completed, the building will feature eight one-and-two bedroom lofts. [RenewShaw]
• DCMud has an interview with Michael Stevens of the Capitol Riverfront Business Improvement District. Stevens, who’s an ongoing champion for the development of the ballpark neighborhood, talks about new projects coming to the area. [DCMud]
• Props to DCMetrocentric for this week’s funniest recap item: Tenants at the Fennessy Lofts, built by Ellis Denning Development, are so upset by problems with the building—such as gas leaks and flooding—they’ve launched a blog to document (and complain about) the incidents. Aww, they even have videos! [DCMetrocentric]
• 1,100 residential units are coming online in DC’s Mount Vernon Triangle in July. [Real Estate Bisnow]
• Rockville-based Washington Real Estate Investment Trust sold the Sullyfield Commerce Center to an undisclosed buyer for $41 million. That’s almost double what the trust paid for the property in 2001. [WBJ]