The Week in Real Estate

A round-up of real-estate news and gossip.

• Plans to develop two city-owned properties behind the Lincoln Theatre were announced yesterday. The city is accepting proposals from developers. [Washington City Paper and DCMud]

• Bloomingdale residents and ANC commissioners were part of the first meeting about the old sand filtration plant in Northwest DC between North Capital Street, Michigan Avenue, and First Street. Development suggestions include restaurants and a grocery store.  [Bloomingdale (for now)

• DC Metrocentric’s fun "Price Checker" feature asks readers to guess the price of a piece of property. This week, it’s a two-bedroom penthouse near Thomas Circle. [DC Metrocentric]

• Kettler is borrowing $217 million from the Carlyle Group to finance a mixed-use project in Leesburg. The project will include 335 luxury apartments, restaurants, office space, and an open-air supermarket. [WBJ]

• Plans for the redevelopment of the Giant and the abandoned G.C. Murphy Co. store on Wisconsin Avenue near the National Cathedral are moving forward. [DC Mud]

• Undergoing gentrification yet still stricken by poverty and crime, the DC neighborhood of Shaw is perhaps best expressed by the BIENVENUE A SHAW; SLUM HISTORIQUE sign painted on a vacant property on Ninth Street. The SLUM HISTORIQUE portion was painted over a few months ago, but now has reappeared. Some [RenewShaw] want the sign gone, while others [] believe it’s part of Shaw’s story.

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