HOUSINGNEWS REPORT
STATE SPOTLIGHT
“Prior to this fall, the neighborhoods east of the river had been discussed for years by the powers that be as the place where a lot of development would come,” said Terzis. “It’s been so many years in the making that it seemed like it may never happen. But, a lot of residential and retail projects became more than just promises on paper; people actually started believing that change was coming to these often-overlooked areas of D.C. 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.” Terzis said in the next few years, Anacostia could look quite different as new housing and retail comes to the neighborhood. Prices are rising as an increasing number of people try to get in early on what many see as a coming boom in Anacostia and neighboring Congress Heights. projects has slowly taken place during the last few years, including the Sheridan Station townhouses and condominiums, Henson Ridge townhouses, the forthcoming conversion of the 11th Street Bridge Park into an innovative pedestrian area linking Anacostia with Capitol Hill comparable to Manhattan’s extremely popular High Line , and the six-block Reunion Square project, a new 9.5 acre mixed-use development located on Martin Luther King Jr. Avenue, where 904,000 square feet of office space, 413 A broad range of ambitious redevelopment and gentrification
11th Street Bridge Park planned development
residential units and 179,600 square feet of retail space are being built, according to Four Points Development and Curtis Investment Group. “I actually created this map a couple months back to track the location and type of developments,” said Terzis, highlighting 20 new developments east of the river that she believes could spur transformation in Southeast Washington. “The change would be what I covered above regarding Anacostia. A year ago, I had clients interested in expanding their search east of the Anacostia River, but until the development looked like it was actually going to happen, many people were hesitant to make the move. That all changed in the summer of 2016.”
is the once-sprawling and now vacant St. Elizabeths psychiatric hospital near the Congress Heights Metro station. At one point, the federally operated hospital housed 8,000 patients. Soon, however, it will house Southeast D.C.’s next business and housing boom, a massive 183-acre project developed in several phases. This year, the first phase of the redevelopment of the hospital’s east campus — St. Elizabeths East — will eventually house a $55 million, 5,000-seat Washington Wizards basketball practice facility and arena, as well as 1,300 residential units, 206,000 square feet of retail space and 1.8 million square feet of office space. Two hotels are also planned. The development will also be the new home of the Department of Homeland Security.
Another major Anacostia redevelopment
ATTOM Data Solutions • P19
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