tag:blogger.com,1999:blog-22305958.post5727155705619403297..comments2024-03-25T18:50:15.135-04:00Comments on DCmud - The Urban Real Estate Digest of Washington DC: Council OK's Southwest Waterfront AgreementKenhttp://www.blogger.com/profile/08295461340042242438noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-22305958.post-39018733912284752782008-12-19T11:02:00.000-05:002008-12-19T11:02:00.000-05:00design is uninspired.. hopefully these renderings ...design is uninspired.. hopefully these renderings are just placeholders for something much better looking.David Garberhttps://www.blogger.com/profile/00514522127258982490noreply@blogger.comtag:blogger.com,1999:blog-22305958.post-82750337046680538642008-12-19T01:33:00.000-05:002008-12-19T01:33:00.000-05:00They may get the land for $1, but don't forget thi...They may get the land for $1, but don't forget this is a very complicated deal and it isn't a 100% market rate project. There will be significant mixed-income housing requirements, infrastructure work that I would guess exceeds the support the city is giving the project in public financing, requirements for locally owned small business participation which means they will pay a cost premium for construction, and significant costs trying to deal with all the other companies that control land on the site. I would bet that the developer isn't getting much of a steal on this one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22305958.post-91620105319253630342008-12-18T10:33:00.000-05:002008-12-18T10:33:00.000-05:00With construction starting in '11 or '12, its way ...With construction starting in '11 or '12, its way too far out to worry how the credit markets will affect it. The housing market will revive, and we're already seeing that the current inventory won't last nearly that long.Kenhttps://www.blogger.com/profile/08295461340042242438noreply@blogger.comtag:blogger.com,1999:blog-22305958.post-79096507457432328172008-12-17T22:29:00.000-05:002008-12-17T22:29:00.000-05:00Us Southwesters are thrilled the waterfront redeve...Us Southwesters are thrilled the waterfront redevelopment can finally move forward! It's too bad it happened during an economic slowdown, though. We've been waiting a long time for our waterfront to be revitalized, but the credit crunch might delay things further. Since the development team still has more planning to do before a shovel hits the ground, hopefully the credit markets will improve by the time they are ready to start construction.SWillhttps://www.blogger.com/profile/10955173347494481810noreply@blogger.comtag:blogger.com,1999:blog-22305958.post-56227293207047024152008-12-17T20:14:00.000-05:002008-12-17T20:14:00.000-05:00Has anyone seen a copy of this deal? I hear it le...Has anyone seen a copy of this deal? I hear it leases a substantial piece of valuable waterfront property to PN Hoffman for 99 years for a buck.<BR/><BR/>Has the bidding closed?Cary Silvermanhttps://www.blogger.com/profile/18069869511368628929noreply@blogger.com