Headlines: 11th Street Bridge project to launch major capital campaign
Here is a look at what’s happening in real estate in and around the District of Columbia.
Transit-oriented development is driven in part by real estate market forces and changing demographics. Studies show that single-person households are now the most common household type, and that young adults as well as seniors prefer living in pedestrian-oriented, urban-style communities served by transit. -Washington Post
The attorney general’s office launched an investigation late last year, shortly after Hofgard signed an agreement with the D.C. Department of Consumer and Regulatory Affairs not to sell any more properties that had code violations. -WAMU
The project, which is getting half of its construction money from D.C. and will launch a major capital campaign this year, spans two areas with very different economic realities: the tonier Ward 6 neighborhoods of Capitol Hill and the Navy Yard neighborhoods to the northwest and the Ward 8 neighborhoods of Anacostia and Fairlawn to the southeast. -Next City
The first phase of The Boro, a massive project that has not yet earned Fairfax County’s approval, is expected to deliver in 2018. It will feature the largest Whole Foods in the D.C. area, and one of the largest in the Mid-Atlantic, a Whole Foods spokeswoman confirmed. -Washington Business Journal
Couples who together earned between $100,000 and $350,000 a year had a less striking income differential, though the blog District Measured notes that 40 percent of people in that bracket still showed an income differential of 50 percent or more. -Urban Turf