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UrbanTurf Reader Asks: What Do You Know About Mount Vernon Triangle?

  • April 28th 2009

by Mark Wellborn

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UrbanTurf Reader Asks: What Do You Know About Mount Vernon Triangle?: Figure 1
555 Mass Ave.

This week, an UrbanTurf reader inquires about the Mount Vernon Triangle neighborhood. He also has a contract on a unit in CityVista and wants to know if he should move forward with the purchase. Below is his email, and if you can offer your two cents, please do so in the comments section.

What is your take on the Mount Vernon Triangle area near Chinatown in DC? The area has a lot of potential, but I am not sure when it will be further realized if future development is pushed back or scrapped all together due to the economic slump.

I have a contract in at CityVista but don’t want to over pay, and I’m not sure whether the deal I got is actually a “deal.” What is the thinking on the initial sales values on spots like CityVista, the Sonata, 555 Mass Avenue, and Yale Steam Laundry? Will the values hold up under re-sale under normal circumstances (i.e. not short sales & bank owned)?

See other articles related to: dclofts, urbanturf reader asks

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/urbanturf_reader_asks_what_do_you_know_about_mount_vernon_triangle/850.

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