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Major news out of DC today. This is more significant in D.C. than any news over the last decade. This is the first bank to finance a major project in Ward 7 or Ward 8 this decade. This is a MAJOR boost to financial confidence across the river and could begin the change of those wards forever.
Either way, I barely remember a time when I've seen so many residential units under construction in the city itself. Especially downtown and then many north side neighborhoods, it's everywhere you look.
1,122 units were issued in the city in July, and the total started this year is now over 4,800. Almost equal to the 5,750 in all of 2015, which was an 8 year high. In 2015 over half of that year's permits were issued after July.
The city has represented 45% of the total residential units started in the metro area this year, and was 56% of the total units in July.
The city has represented 38% of the total residential units started in the entire state this year, and 55% of the total units in July.
Of course the state and metro aren't growing much at the moment with the state budget issues, but still, to have such a high amount of the state be within the city itself is probably something not seen in many decades.
There's a huge push with areas of the city booming and the rest of the metro area basically "on hold".
Agreed assuming you're sincere. DTLA and urban LA in general is having its biggest residential "boom" in decades and it's just average for major cities as places like Chicago, Seattle, DC, Houston, Atlanta, Dallas, etc are either building more or have been building about the same but for much longer.
Agreed assuming you're sincere. DTLA and urban LA in general is having its biggest residential "boom" in decades and it's just average for major cities as places like Chicago, Seattle, DC, Houston, Atlanta, Dallas, etc are either building more or have been building about the same but for much longer.
Agreed assuming you're sincere. DTLA and urban LA in general is having its biggest residential "boom" in decades and it's just average for major cities as places like Chicago, Seattle, DC, Houston, Atlanta, Dallas, etc are either building more or have been building about the same but for much longer.
You forgot Miami which is still "booming" in residential highrises only behind New York.
Im happy to report that Salesforce Tower is now taller than it's neighbors and it looks like it has another 400 or so feet to go. 181 Fremont( to the right) is well on it's way as well.
How many highrises are going up in Miami and NYC? I know NYC has TONS going up.
Chicago is currently at 44 under actual construction and 3 more that are having site-work/demo. There are 60+ proposals, but I don't really look at much until financing is in place and there is actual site-work/demo (it's GOING to happen).
What about other places with a lot of highrise construction? Stats?
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