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Metropolitan DC Local Politics
Reply to "Wisconsin Ave Development Project"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't think there is or will be demand. With the plan to convert office buildings into housing downtown, that will be an additional flood of units. Townhouses would have demand. More tiny apartments? I don't see it. I think it is likely that the population of DC will drop in the short-medium term. With jobs shifting elsewhere and remote work going to increase when CRE leases are renegotiated, why pay the cost of living here that comes with so many downsides? This is not DC of 2010 with the majority of work in office and downtown. [/quote] Most of the office buildings downtown are not suitable for residential. The bank will take ownership and sell at 25 cents on the dollar so the next owner can raze and build anew. [/quote] And building a new means potentially building condos or apartments, preferably large ones for families. And, yes, there are plenty of mid-block buildings that might be convertible. [/quote]
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