HOUSINGNEWS REPORT
STATE SPOTLIGHT
WASHINGTON D.C. NEW HOME BUILDING PERMITS BY YEAR
38,024
40,000
36,776
Because there are so many plans in place for Anacostia, I’ve had quite a few clients wanting to look for their home there because so much new development is slated to come .”
35,000
27,958
30,000
24,033 24,804
23,007
22,404
25,000
22,459
19,657
20,000
15,000
13,732
12,329 13,065
10,000
5,000
Melissa Terzis Real estate agent at City Chic Real Estate
0
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Source: U.S. Census Bureau
condominium units — sits on the eastern end of a new community known as The Wharf . Condominium units are priced from $349,900 for a studio to $1.4 million for a three-bedroom home. The Wharf: D.C.’s Big Dig Located along the banks of the Washington Channel, The Wharf is a massive $2 billion, 3.2 million-square-foot Wmixed-use project. The mile-long project, developed jointly by Madison Marquette and PN Hoffman , is one of the largest in the nation. Bookended by two Metro lines, the 27 acres of waterfront development features apartments, condos, offices, hotels, a movie theater, restaurants and a 6,000-capacity concert hall.
A second Wharf condominium complex, called VIO , spans 12 stories and houses 112 units. Condo units sell for $400,000 for a 530-square-foot studio to $1.5 million for a 1,540-square-foot, three-bedroom unit. The tower will be completed in 2017. Anacostia: The Next Hot Spot Further east, the Anacostia River divides the District both geographically and socially. While Northwest Washington neighborhoods remain hot, demand is growing in several east-of-the river communities, according to Melissa Terzis, an agent with City Chic Real Estate in Washington, D.C.
said Terzis. “The H Street area, NoMa, (North of Massachusetts), Bloomingdale and Shaw continue to be popular. “The one new thing I’ve noticed this fall is that a lot more buyers are looking to move east of the river, meaning, Anacostia.” The historic Anacostia district in Southeast Washington has witnessed its share of ups and downs through the years, but it is in its early stages of a rebirth, with a number of ambitious projects in the works, including a variety of large-scale condominium, townhouse and commercial real estate projects transforming the landscape, according to Terzis.
“There has not been a lot of change in the popular and trendy neighborhoods,”
ATTOM Data Solutions • P18
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