Home | Newsletter | Advertise
loading...

More Condos on the Way for DC?

  • May 25th 2010

by Mark Wellborn

✉️ Want to forward this article? Click here.

More Condos on the Way for DC?: Figure 1
The Floridian under construction

In a recent conversation with GlobeSt.com, Al Cissel, a managing director at Jones Lang LaSalle, said that a number of developers are looking for sites in the DC area to redevelop existing apartment buildings into condominium projects.

“We are hearing from clients that, believe it or not, are looking for condo conversions,” Cissel said on GlobeSt. TV. “Of course, it has to be the right number at the right time.” Cissel noted that the timeline on these projects is unclear as it could be months down the road before developers “pull the trigger.”

It doesn’t come as a surprise that developers are now looking for sites. Given the condo shortage in the DC area, a surge in condo conversions has been predicted since last year. It is expected that these conversions will offer a stop-gap supply of condos while entirely new projects are being built, a process that typically takes about two years. Condo conversions take much less time.

Similar Posts:

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/more_condos_on_the_way_for_dc/2104.

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!

First-Timer Primers

Intro guides for first-time home buyers

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse