Expecting big things on 7th

Wow this is going to be nice! With CityMarket@O underway it looks like the developers just to the north are gearing up to start construction, and its sounding NICE. Jefferson Pointe (with an e) at Market Place will have a pool, concierge, parking, retail, community room and gym. If that succeeds we’ll know that Shaw has made it! If you’ve passed, you know that the old ugly Giant is GONE!

More details on the additional building going in at 15th & V. Turns out the ugly 70s building was originally a big Victorian hotel that was the premiere Black hotel in DC. Looking at the pictures, it looks as though it would be an improvement over both structures.

In Shaw has an interesting suggestion. If taller buildings are greener because they reduce the environmental footprint of humans, shoudl DC allow taller buildings especially near the MD border? Also asks if DC friendlier and diverse? I am not sure about friendlier but definitely more diverse ethnically.

Sorry for the lack of posts last week but I was travelling for the holiday and didn’t have time. I hope to have more time this month and maybe hold some in reserve for weeks I’m away. Please keep your suggestions coming.

News

If you saw the building at 7th & New York Ave under construction and wondered waht was going there, we now know: Living Social. The DC competitor of Groupon and seemingly more successful, has contracted to rent the building. Of course there are looking for another 350,000sf in the area so that could bode well for other abandoned buildings in the area.

A Pop Up on V Street between 10/11th wins todays’ PoP best pop up. I saw this going up and think they did a nice job…. In Pot news, 17 groups have applied to become one of 5 marijuana distributors in DC.

Good news for Landlords, bad news for renters: Rental prices are expected to go up in the near future. I think this is true in the short term but when some of the new apartments come online, rents will go down starting in 2013. Unfortunately this may not be true for those who bought by the ballpark. They are pioneers, they were just 5 years too early.

More business coming to U Street

Tanning Salon coming to 16th & U. The alleyway condos at Naylor Court look nice. Cafe Collage at T & 14th is reviewed. Sad news: Teaism is NOT going in the new condo building at 12th & T. This space has had a hard time finding a tenant. The apartment building at 15th & V has been approved. It will be across from St Augustines. That may be true but renting is expected to get more expensive. But good news! The Wonder Bread Factory has been given landmark status.

One more example of DC overreaching: You have to apply for a Home Occupation Permit in order to have a home office. My condo building doesn’t even allow this (I think). Does that make all of us working from home or telecommuting in violation? Or ONLY if we try to deduct our home offices on our taxes? What is the point of having the tax credit for a home office if you have to do all the paperwork. This also applies to DC Landlords who must apply for business permits for a English Basement.

This is something new: Arborcide Killing trees in your neighborhood. I know my Mom has been tempted to take down neighbors trees but never tried this. Salt in the trunk?

What has happened in 5 years

Renewshaw has a great summary of what has gone into the neighborhood over the past 5 years and having moved here 5 years ago last month I have seen it all go by as well. It is really amazing what 5 years of improvements can mean to a neighborhood and as he points out the next 5 will see even more dramatic growth. I look forward to many more happy years here.

Tuesday night  there was a meeting at the Reeves Center with JBG and Myla Moss about the developers plans for the 3 parcels they bought between 7th & 9th south of Florida. The are proposing 5 floors of apartments, ground level retail and one level of parking. They cannot go much deeper because the metro sits right below the building but I am concerned at developers not putting in enough parking for their buildings, something brought up by the proposed building at 14th & Wallach with oth 45 parking spaces when zoning should mandate 80. I hope these units are at least bigger thus not needing more spaces.

Here is an interesting perspective on history: Grtr Grtr Wash  has an artcile about how the residents of a development near AU object to a new apartment building. Turns out 30 years ago neighbors were saying the same thing about them. That is one of the things that really bothers me about residents blocking development. People once said the same thiing about you. Why not work with the developers to make the addition whats best for the neighborhood because 9 times out of 10, it improves neighborhoods, increases property values and brings new life to a neighborhood.

Also Geo Mason Univ did a study showing that DCers  are more likely to move than most parts of the country – feeding our rep as a transitioning town. MOST interesting is that DC actually had as many residents movinig into the district as were moving to VA or MD. That says something for the city and it’s improved quality of life! BUT DC also has one of the smallest house averages nationwide, the average residence while pricey at $425k averages only 1000 square feet. VA and MD averages are almost double:

That high price tag means that we should be happy that Congress is attemppting to keep the FHA loan limit high – something we need in this area.

FHA rules also effect income from multifamily units that you may buy. There are many rules around this but there is a payoff in additional income in the future:  thought there are some considerations like in this writers experience.

Curious about what your house is worth? You can now go on several sites to get a  guessimate which could be only about 8.5% +/- off

Not looking to move but want more living space? Follow the common trend of creating outdoor rooms: Kitchens, decks, storage, etc I recently put in a outdoor set on my deck and I love sitting out there now.

But they are staying close to the DC metropolitan area:

What about Chinatown? Thanks to the MCI Center and city sponsored development 15 years ago, this are has lost it’s Chinese character. The retirees in the Wah Luck house, now go to VA to buy their groceries. Do we need to maintain what might no longer be there? Or is it just Disneyfication of the area? I think it adds character to the developments rather than the boring glass box model on K Street.

What is to be done about the Dupont Underground?  Residents are up in arms about Congo’s new Chancelry taking out all the trees and green outside the building it is renovating at 16th & S.

Don’t forget the Logan Circle House Tour on Sunday Dec 4!

 

Cardozo Open House

Cardozo will have an Open House on Saturday to check out the facility before it is renovated. CityMarket@Owill break ground Friday not Tuesday as I said previously (http://www.roadsidedevelopment.com/portfolio.php?id=3) and a nice story on the pans and funding there: http://www.princeofpetworth.com/2011/11/citymarket-at-o-300-million-hud-financed-2400-job-project-starts-friday/. Shaw Developers are also having a community meeting on Thursday at Shaw Watha Library. (http://www.facebook.com/#!/pages/Shaw-Main-Streets/234727976541161) The building at 9th & Q continues its renovation but I guess no one is sure who is doing it (http://feedproxy.google.com/~r/blogspot/umACs/~3/oZGdsaZDZSw/renovation-reveals-ghost-signs-at-ninth.html). PoP tells us that the Lincoln Theater iscoming under DC administration. (http://www.princeofpetworth.com/2011/11/oversight-of-the-new-direction-of-the-lincoln-theatre-has-been-delegated-to-the-d-c-commission-on-the-arts-and-humanities/) Should it go to the city or be leased to a concert promoter like Live Nation? The new Japanese restaurant(http://www.princeofpetworth.com/2011/11/izakaya-seki-applies-for-a-liquor-license-at-1117-v-st-nw/) has started construction on V Street at 12th. The Smithsonian is contemplating making the Museum of Science & Industry (http://dcist.com/2011/11/arts_and_industries_building_could.php) a Latino Heritage Museum. Plans are still being debated for the Dupont Circle Underground (http://dcist.com/2011/11/whats_up_with_the_dupont_undergroun.php#photo-1). Marion Barry is Tweeting: That’s scary: http://dcist.com/2011/11/marion_barry_myopic_little_twag.php. In the constant grab for more control, DC is going to license Tattoo Parlors. http://feeds.gothamistllc.com/click.phdo?i=368ae221ce24e2b9a4a0d8a3f811b509 I would think that is a lot more important than making landlords regsiter as corporations.

Odd & Ends: Ever wonder how Petworth got its name? Ruff & Ready has reopened! It’s now at 4722 14th St NW — across from car barn and open same hours Thu – Sun. A good idea: Put DC United’s new stadium (http://greatergreaterwashington.org/post.cgi?id=12748) at U Maryland

More Pot news

Quickies

In a follow up to yesterday’s mention of Marijuana Cultivation sites being located in Ward 5, Tommy Wells, their city councilman. has proposed a bill to limit the number there. If they can’t located there where else can they be since they have to be in light industrial areas?

Also from earlier in the week, banks may refuse to allow cultivators and purveyors to bank with them since the Feds may come for their money.

Also a Construction note: In Shaw has a good summary of construction projects going on south of U. CityMarketatO breaks ground on Tuesday and will have a camera on the site 24/7 so you can follow the building.

U Street Neighborhood Association Business Update

For those who don’t know, one of the reasons I started this blog is thanks to my role as the Business Chair and Vice President elect of the U Street Neighborhood Association. Part of that was keeping up with what is going on in the hood thus the blog. Here is my report for November, please join us for the Holiday party 7 pm December 8th at Local 16. The report:
Much congratulations to the 930 Club for again winning the Most Attended Club in American by Billboard’s Touring Awards
Business Openings / Closings: Chidogos (U Street Girl) closes in prep for the Utopia residential development. Dunkin Donuts and Subway at 14th & U finally opened (several sources), Smucker Farms put a sign up on 14th Street at W which will open soon. Pulp has found a new owner and will stay open. Ben’s Chili Bowl has also signed on a location on H Street. The Pizza place on T btw 7/8th will be joined by another restaurant: All Souls which should be a really nice spot for outdoor seating. 11 Eleven Market also renovated to make it more customer friendly. Matchbox  and Taylors at 14th & T has started construction. Lots going on 14th between W and Florida: a new celebrity restaurant in the YMCA development, a new gym coming in on the west side by Florida and Mova Bar is supposedly opening tonite! Unfortunately the current Post Office will close December 31st and no replacement location has been proposed.
Development: CityMarket at O announced their groundbreaking for Nov 15. Next door,Kelsey Gardens was sold by the church that owned the and the new owners announced that they may begin construction by next year. The old Post Office on T west of 14th announced plans to build 2 two story buildings. Mimilah has opened above Miss Pixies.
ETC: George Mason U announced that they DC area will add 1 million new jobs by 2030 which will put greater demand on our resources. Norwood Cooperative has finally gained permission to buy their building from the landlord with the help of DC housing funds. This is an example for some other tenant associations looking to do the same. Unfortunately the DC fund that they are drawing from has been de-funded.  Recently a magazine named the National Mall as one of the worst outdoor public spaces along with HUD plaza, luckily there are plans afoot to make it more pedestrian friendly.
Crime Up 78%:  Bike theft, phone theft, graffiti and car break ins are growing problems. They have been blowing up the 12th Place and my condo list serve. The gas station at Vermont and 9th  was robbed 2 weeks ago and City First Bank was robbed earlier this week. Borderstan has the most effected blocks. MPD are also cracking down on hemp stores in Adams Morgan and Cap Hill.