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Skyhouse in SW will open in December. Other than that, all the development seems to be in the Navy Yard area, which as a SW resident is a little disconcerting b/c the Wharf redevelopment was suppose to start this year.
Skyhouse in SW will open in December. Other than that, all the development seems to be in the Navy Yard area, which as a SW resident is a little disconcerting b/c the Wharf redevelopment was suppose to start this year.
It still will. They are waiting for their building permit. Also, there are over 1,000 units being built in Waterfront Station.
"We'll see" definitely embodied the attitudes of my neighbors for a lot of years, and rightfully so. It seems like the start of large construction projects really drags through the permitting process here. There were developments that were in the 'coming soon' stage for 20 years. Even when we had ground breaking ceremonies, construction wouldn't actually break ground for one or two years. Some of that actually turned out to be really good, because the community had ample time to weigh in with their concerns and wishes (a little silver lining there).
I think we're solidly at the point where the commitment to investing in DC will wait out the slowness of DC's planning and permitting processes. That's easy for me to say because I'm looking back at projects that have moved around me. I clearly remember thinking "we'll see" on a number of them.
Here's another reason why I said it, Graduate USA pulled out of the plans like 2 weeks ago, so that's a huge void that the developers now have to fill. I believe the school was suppose to take about 200,000 square feet of space, now that's missing, and the first phase was suppose to start this year, and end around late 2015/early 2016. I'm also a homeowner, and while I'm not looking to strike it rich, I'd like to sell my condo at a decent enough price that I can buy another home. Delays like this affect the real estate of the area because they visit and see...what exactly?
Here's another reason why I said it, Graduate USA pulled out of the plans like 2 weeks ago, so that's a huge void that the developers now have to fill. I believe the school was suppose to take about 200,000 square feet of space, now that's missing, and the first phase was suppose to start this year, and end around late 2015/early 2016. I'm also a homeowner, and while I'm not looking to strike it rich, I'd like to sell my condo at a decent enough price that I can buy another home. Delays like this affect the real estate of the area because they visit and see...what exactly?
This is not a new development. Graduate School USA pulled out of the Wharf2 years ago. The Wharf has been moving through the process included public meetings and gave a ground breaking of Q3 or Q4 of 2013 well after Graduate School USA pulled from the project.
Jim Huske, a senior vice president at the Graduate School, said the administration informed developer Monty Hoffman, chief executive of PN Hoffman, that it would pull out of the project due to government cutbacks and budget uncertainty. “We had to move out of that and we let Monty know that probably a year and a half or two years ago now because the market became unstable,” Huske said.
Despite the delay, Hoffman said that he has applied for building permits. The Washington Kastles tennis team, whose stadium is located on the site currently, has been looking for a place to relocate to make way for construction.
I agree with the concerns over the pace of development in SW. The whole Waterfront Station has been a letdown; what happened to all of the retail and dining options? There are still just a bunch of vacancies amid the mediocre offerings that have moved in. Skyhouse has been pushed back already by at least 6 months from when it was supposed to open, and there isn't anything else new on the horizon in the quadrant.
I'm still sure that SW is going to someday be DC's "big new neighborhood", but the changes have been downright glacial.
I live in SW. It's a great neighborhood but I too am frustrated by the slow progress being made with the redevelopment. The only reason I can think as to why there's so much vacant space at Waterfront Station is because the rents are too high. I guess the developer is making enough from the office tenant to not care much about the ground level.
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