Reply to Lord and Taylor space in Friendship Heights

Forum Index » Real Estate

Reply to "Lord and Taylor space in Friendship Heights"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Should be a lower income development.[/quote]

No, it should not. Property is much too valuable.  I would love to see it become more desirable retail, but not likely I know[/quote]

By forcing it to be 'lower income', they'll successfully just block any development at all. It is a time-tested way to kill any development in WOTP NW DC. It is sinister, yet brilliant. It has worked perfectly for 50+ years. [/quote]

They'll probably add some stipulations that at least a portion of the units are lower income, like in other developments in the city. At least in DC, developers are actually given incentives to provide a portion of their overall project (25% for example) as affordable housing. One incentive would be they can build higher than they would usually be permitted to if they have "X" amount of affordable units. They also get tax breaks for providing the requisite amount of affordable housing.

As PP noted that Fannie Mae development is swanky and incredibly large. That's in NW and wasn't stopped by any of the tactics you're citing. [/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