Friday, March 5, 2010
Commercial Real Estate
The JBG Cos. preparing to start on 14th Street condo project
Washington Business Journal - by Sarah Krouse Staff Reporter
The 14th Street NW corridor has seen a slew of new retail in the last three years some of the citys hottest restaurants, the ever-popular gelato shop and several furniture stores.
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http://washington.bizjournals.com/washington/stories/2010/03/08/story2.html?surround=etf&ana=e_article&b=1268024400^2979111
LANCE'S CONTRIBUTION:
The 14th Street corridor from Logan Circle to U Street has continued to be one most stable residential markets in the city.
“Now that Logan Circle and U Street have converged, it has become an even greater neighborhood,” said Lance Horsley, a Realtor with Long & Foster Real Estate Inc. “The demand there is huge given the retail and all the activity of boutiques and restaurants. People love it. New construction is gone, so we are going to have to deal with a lot of resale in the next few years. We’ve got a shortage and it will only get tighter.”
