Reply to New Cleveland Park library is a missed opportunity

Forum Index » Metropolitan DC Local Politics

Reply to "New Cleveland Park library is a missed opportunity "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Thanks - I'm going to visit the site and keep a better eye on them. Reclaimed bourbon wood - funny :DDDD
Is there any counter group, or is it just that neighbors need to mobilize against these profit crazed development pushers?[/quote]

GGW [b]is[/b][i] the counter group to the entrenched NIMBYs that have essentially caused the housing crisis that exists today.[/quote]

LOL Nimbys have not caused a housing crisis. That's hilarious.[/quote]

So with confidence you believe that housing supply in Washington DC is keeping up with demand?[/quote]

This housing supply/demand 'crisis' is a bit overblown.  Look no further than Cathedral Commons, on Cleveland Park's doorstep, which sold itself as a walkable, "transit-oriented" development when it got zoning approvals.

According to this local real estate business website, Cathedral Commons has a vacancy rate of 30 percent, several years after opening.  It supposed to have 10 percent 'affordable' units.  And this transit-oriented development is -- wait for it -- using a luxury car promotion to attract tenants to the project.  You can't make this stuff up.

https://www.bisnow.com/washington-dc/news/multifamily/developer-rolls-out-luxury-car-promotion-in-bid-to-attract-tenants-49344[/quote]

A hodge podge of nonsense to respond to here.

Do you know that the IZ units are un-rented?  As I understand it all of the cities IZ rental units are occupied and there is a long waitlist for them.

As for the luxury car promotion they are offering free test drives.  Which seems like a stupid promotion because anyone can get a free test drive and I doubt that would appeal as much of an amenity to people living in housing in a multi-unit building.

And maybe that explains the problems with the rentals - their rents could be too high and their ham handed promotions aren't helping.  If their rents are too high (and $7800 for a townhouse is too high) then eventually they will have to lower them until they find tenants.  Which has been happening with lots of other buildings in DC and it is actually a good thing as rents have fallen a bit because of competition but there is no evidence that occupancy rates have fallen.

Alternately maybe no one wants to be your neighbor - who could blame them for wanting to stay away from people with money but no common sense.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics