ArchiWise tracks 7 stories about real estate, zoning, permitting, and policy in Washington, District Of Columbia County, District of Columbia. We surface the local decisions (rezonings, council debates, infrastructure investment, hazard mapping updates) that change how property gets built and bought. Updated as new coverage publishes.
Washington D.C. Mayor Muriel Bowser is accelerating efforts to secure approval for a $550 million thermal bathing retreat at the Poplar Point waterfront site, facing scrutiny and potential delays from D.C. Council members and the presumptive incoming mayor who prioritizes housing.
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Duball has obtained construction financing for its 150-unit adaptive reuse project in Washington D.C., while other significant real estate activities include new leases, affordable housing acquisitions, and additional office conversions in the region.
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Smaller investment firms are purchasing Washington D.C. office buildings at steep discounts from institutional owners, planning significant renovations to attract tenants and achieve favorable returns in a shifting market.
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The National Reverse Mortgage Lenders Association is urging the D.C. Council to broaden a proposed foreclosure prevention fee exemption to encompass all reverse mortgage loans, eliminating the current age-based restriction for borrowers over 62.
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One Street Commercial Properties has obtained significant financing to transform a vacant 70,000-square-foot office building in Georgetown into 22 luxury condominiums and ground-floor retail. This project addresses the increasing trend of repurposing underutilized office spaces in the post-pandemic market.
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A joint venture involving Jemal Real Estate, DivcoWest, and JLS Capital plans to transform a 342,000-square-foot office property in D.C.'s West End into a significant residential complex, including affordable units. This project highlights the growing trend of adaptive reuse in the nation's capital.
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Jemal Equities purchased a 254,000-square-foot office property at 1330 Connecticut Avenue NW in Washington, D.C., marking its third D.C. office acquisition this year, while BXP continues to divest older assets in the capital.
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