What's Hot: Mortgage Rates Fall Towards 6% Following Fed Cut
Pleasant Plains To Get a New 26-Unit Condo Project
✉️ Want to forward this article? Click here.
2920 Georgia Ave NW
Last night, the developer behind a new condo project at 2920 Georgia Ave NW (map) stopped by the ANC 1B meeting to seek approval on some minor variances for the new development. Developer Art Linde presented plans for the 26-unit building, and received approval for a variance relating to curb cuts.
The site of the project is currently occupied by an empty car lot and is next to another 22-unit project developed by Linde at 2910 Georgia Ave NW that went up in 2010. Because the soil at the site of the new project is contaminated, they will have to spend some time digging up gas tanks and cleaning the ground.
Ten percent of units at the new development will be reserved as affordable; as Housing Complex noted earlier this week, their saleability is yet to be seen. It’s turning out to be very difficult to get a mortgage, particularly an FHA-backed loan, for affordable units as banks are reluctant to offer a loan on a home that can’t be sold at market rate in case of a foreclosure.
See other articles related to: condos, dclofts, pleasant plains
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/new_condo_coming_to_pleasant_plains/5634.
Most Popular... This Week • Last 30 Days • Ever
Mortgage rate buydowns can be a good option for buyers who want to save money on inte... read »
Plans filed this week provide the latest look at the 106-key hotel in the works at an... read »
A plan to add another new residential building to the Friendship Heights pipeline is ... read »
The eight-bedroom, 35,000 square-foot home in McLean known as The Cliffs went under c... read »
The large new development would take the place of the Ballston One office building al... read »
- How Does a Mortgage Rate Buydown Work?
- A Look At Georgetown's New 100-Key Hotel Along The Canal
- Donohoe Files PUD For 127-Unit Development in Friendship Heights
- A $30 Million Sale? One Of The DC Area's Most Expensive Homes Finds A Buyer
- Updated Plans Filed For 328-Unit Development At Arlington Office Site
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro