Industry News

Developers sell more than housing in trendy D.C. neighborhoods

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

WASHINGTON, D.C. – The buzz is all about condos in the up-and-coming, hip-and-trendy Logan Circle area in Washington, D.C. Actually, the buzz is rather loud, and it sounds a lot like hammers, power tools and the associated clatter of construction activity. The noise is an integral part of Logan Circle's ambience these days, as crews crank out the latest round of high-rise luxury condo units in an area that locals say was more of an eyesore than an eye-catcher in the not-so-distant past. From gaping holes in the ground to towering skeletons, the projects now under way range from new construction to renovations of historic buildings, and everything in between. While some experts have cautioned about the risks of overbuilding in some super-hot condo markets, such as Miami and San Diego, those same words of caution would be drown out by the commotion of rampant condo conversion and construction in parts of the nation's capital. A construction worker, wearing a hardhat and...