Near Southeast Residential Projects Doing Just Fine

• January 24th 2011

by UrbanTurf Staff

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It is arguable that no one has done a better job in the past few years of covering the development of a DC neighborhood than JDLand. The blog’s reporting of all things Near Southeast has been amazingly comprehensive, and in its most recent annual roundup, it provides a good picture of the occupancy rates for residential projects in the area and the development on the horizon.

With data provided by the Capitol Riverfront BID, the blog reports that the following apartment projects in the area are all 100 percent leased: 400 M, the Capitol Quarter rental units, Capper Seniors and 410 M Street. The Onyx on First, The Axiom, The Jefferson and 909 New Jersey are all over 93 percent leased. As for home sales at newish projects in the area, Capitol Quarter is sold out, Capitol Hill Tower is about 90 percent sold and Velocity has about 40 percent of its units left to sell.

Looking forward, JDLand predicts that Canal Park could start construction in February; that confirmation could come from Forest City that the firm is moving forward with its mixed-used project at 401 M Street; and that, while out of her jurisdiction, construction on 1345 South Capitol could start this quarter.

For the full post, click here.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/southeast_residential_projects_doing_just_fine/2891.