Shaw Community, Public Officials, Set to Celebrate CityMarket Groundbreaking Wednesday

Approved by the HPRB way back in August of 2007, and then by Zoning in May of 2008, Roadside Development's mixed-use CityMarket at O project apparently has a long shelf life. Developers have regularly attempted to quell the usual doubters with news of restructured financing, and updated timelines, but will finally lay uncertainty to rest, as a groundbreaking shindig is dated for Wednesday afternoon...

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North Bethesda Developers Seek Density as Solution to Sprawl

Developers of North Bethesda, having just completed the county's tallest residential building and the Pike's largest recent project, are hoping for an encore. Now nearing completion of the North Bethesda Market, developer JBG has begun courting the community for a second phase, seeking an increase in density for new office and residences that will produce demand for the 200,000 s.f. of retail built...

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Penrose Square Town Center in Arlington is Under Way

Carbon Thompson Development, the Herndon- and Dallas-based developer, has donated a parcel equal to approximately half the area of the Penrose Square open space plaza as part of an agreement with Arlington County to emphasize the creation of usable public space along what is being conceived as three miles of pedestrian-friendly commercial boulevard. When finished, the $80 million, 4-acre Penrose...

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EYA Announces Construction Start for Brookland Metro Project

After last week's announcement of Bozzuto-Pritzker Venture's new alliance with Abdo in developing the $200 million project on Catholic's South Campus, every propogator of real estate news (including DCMud), was happy just to have something printable during a lazy August. But the cash infusion into the neighborhood was good for other developers too; namely EYA, which rebroadcast the news in advance...

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Mount Vernon Triangle Scores Another Development

Already a presence in the blossoming NoMa district next door, Paradigm looks to extend their influence into the neighboring Mount Vernon Triangle with the construction of a commodious 390-unit rental building at 425 L St, NW. Paradigm's nearby student-housed Washington Center opened a few months ago, and the company continues to manage the imposing Meridian at Gallery Place just down the street. According...

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Argos Rescues Firehouse, Brightens HPRB's Day

The D.C. Preservation League, which annually issues a list of the District's most endangered properties in hopes of scaring developers into action, and preservationists into sign-painting and check-writing, has recently issued its new list for the year. This year the Preservation Leauge has focused it's 2010-attention on the preservation and renovation of the District's neglected firehouses. A special...

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Canal Park Party Scheduled for Tuesday

Work on southeast DC's grand Canal Park will be set in motion on Tuesday, at least officially, when the District holds a formal ceremony to celebrate the new park that will grace the Capitol Riverfront neighborhood a few blocks from Nationals Stadium. Actual construction has not yet been scheduled, but the park's caretakers are showing progress, having just selected Davis Construction to build it...

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Northwest One Project Aims to be First New Residence in Northwest One

Northwest One's race for the first residential project is showing some contest. The development team for the SeVerna had forecasted earlier this year that their 60-unit affordable housing project would get moving this summer, which DCMud reported last spring, but construction has not yet taken place, and now William C. Smith & Co claims their $80 million, 314-unit "classy, rental building" will...

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Rhode Island Avenue Northeast: Development "Hotspot"

The corner of 4th and Rhode Island Avenue, NE, may be one of the District's least celebrated corners, but an area hitherto untapped by real estate developers, is finally getting attention. Thanks to PERS Development, a plan to remodel an abandoned 32-unit building at 329 Rhode Island Avenue NE will soon be underway, making way for "hip, boutique, luxury condominium homes." Just a few blocks east...

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SI Real Estate News in Tampa, Florida

Home Ownership Benefits Local Neighborhoods and Communities A recent report by the NATIONAL ASSOCIATION OF REALTORS® (NAR) Social Benefits of Homeownership and Stable Housing explores the impact of home ownership on communities. Many home owners in Tampa, Florida who have made an investment in their future by purchasing a home rather than renting already know the positive impact home ownership has had on their lives, but are they aware of the positive impact real estate and home ownership is making...

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Zen and the Art of Prison Design

by Beth HermanIn a toney Boston hotel bar officially and affectionately known as "The Clink," imbibers toast a promotion, an engagement or a vacation, but steps away the ghosts of storied inmates such as Malcolm X and Sacco and Vanzetti have far less to celebrate.Located inside the city’s plush Liberty Hotel, The Clink, along with the rest of the property, was part of a $150 million acquisition, renovation...

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Status Update

Time for a status update. All my active hard money loans are current and have been paying on time. Hard money #14, which was just made mid-June, might be paid off soon. The property has been fixed up and is on the market. This guy works fast! Here's a shot of the place when my borrower purchased it:And here it is now:Looks much nicer. He took down the fence, which is something I probably wouldn't...

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CityVista Apartments Sells to Gables

Gables Residential has announced it has purchased The CityVista apartment building in Mt. Vernon Triangle from Lowe Enterprises. The 244-unit "V at CityVista" was completed in August of 2008 but had been on the market before its completion, with numerous suitors having come close to reaching an agreement to purchase from Lowe. The sales price of the building was undisclosed.The CityVista complex,...

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Abdo Gets Equity Injection, Catholic Plans to Demo University Buildings

This past winter the Zoning Commission exchanged self-congratulatory pats on the back and awkward hugs with Jim Abdo as they approved plans for a large mixed use development project in Brookland. In late July the Greenbelt-based Bozzuto Group announced it was pairing up with Pritzker Realty Group LLC of Chicago to form a $75 million joint investment fund in multifamily housing; and early this week...

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30-Year Mortgage Rate Drops Back to Record Low

Another Reason Why Now is the Time to Buy Real Estate in Tampa, Florida!If prospective real estate buyers in Tampa, Florida ever needed a reason to buy now, the fact that the national 30-year fixed-mortgage rate is back at a near record low average of 4.28% is a good place to start serious consideration. Incredibly low mortgage rates and real estate prices should be adequate incentives to prompt home buyers to act now. According to the Zillow Mortgage Marketplace weekly update, the recent decrease...

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Centex Feeling Confident in Wheaton

Planners have been busy working on all the new developments getting ready to launch near the Wheaton Metro station, but walk a half mile north to the intersection of Georgia Avenue and Arcola Avenue and you'll find a busy construction site. Where eager students once sat glued to their physics texts at Our Lady of Good Counsel High School (since relocated to Olney), bulldozers now rule as townhouses...

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