Mayor Bowser Sets Goal to Build 36,000 Housing Units

[MDAllstar]

Originally Posted by jpdivola

DC has a few headwinds that will slow down the pace of development:

5) The low rents East of the River- there is lots of "theoretical" zoning capacity east of the river. However, the low prices limit the profitability of market rate development. Rents would have to rise (and hence displacement and gentrification) to incentivize private sector housing. Rising rents would likely trigger a political firestorm and the rise of NIMBYism east of the river.

I have a point about your #5 above:

Rents were low on U Street. Now they are high as people moved east.
Rents were low on H Street. Now they are high as people moved east.
Rents were low in SW. Now they are high as people moved south and east.
Rents were low in Navy Yard. Now they are high as people moved south and east.

The development wave continues to move east and south across DC just like it did back in the 1990's. For those of us from D.C., we remember when 14th street was the hood. We remember when rent could not support new construction on 14th street.

There are already thousands of market housing going through entitlements right now in Ward 7 and Ward 8. The development wave has already arrived.

[MDAllstar]

Originally Posted by jpdivola

DC has a few headwinds that will slow down the pace of development:


All in all, the District has basically been targeting the low hanging fruit of funneling development to a few underdeveloped core-adjacent areas, a few main streets (H Street, 7th Street, 14th Street), and then some metro-adjacent TOD (Brookland, Ft. Totten, RIA). But, this model is approaching build out. Going forward the city will have increasingly consider the sacred cows of 1) raising the height limit or 2) up zoning row house neighborhoods.

There are already market-rate developments in Ward 7 and Ward 8 rising or going through entitlements:

Poplar Point

Skyland Town Center

Parkside DC

St. Elizabeth

East River Park

[mikeyo321]

Originally Posted by CaptainAaamerica

I’m not from the area to know but I don’t think there is a misunderstanding. This what the announcement said: “By 2025, we will need to produce 36,000 total units of housing in DC alone and 240,000 units across our region.“

So the numbers that I mentioned was per year of what he is expecting to be required to be built by 2025. 36k in 6 years means 6k per year for the city limits and 240k in 6 years means 40k per year for the region.

Washington Metro appears to be around 5,564.6 sq mi as per Wikipedia.

Maybe it’s that I’m a foreigner not understanding local use of the term “region”...

Oh, FYI, Mayor Muriel Bowser is very much a SHE. I know you aren't from the area.

[DC4ever]

https://www.bizjournals.com/washingt..._news_headline

Thoughts?