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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 read yesterday that part of the new development at Upton Place will be used as a “temporary hotel” until more of the space is leased. That could be a long time given that City Ridge next door is still not leased after nearly two years. Why are we planning for thousands more expensive apartments in this part of town? The demand is not there. [/quote] Next thing we know, Bowser will be leasing units at “Upscale Place” for more vouchers.[/quote] I doubt that. In other areas it is the older buildings, esp the ones that include utilities, that are moving in voucher tenants. Park West in Van Ness is not. I don't imagine City Ridge or Upton Place will either. The restaurant at City Ridge seems to have an awful lot of available reservations as well. Without an anchor tenant in office 5 days/week and relatively full rentals, not sure the business model will succeed. Curious if prices for paying tenants will drop? [/quote]
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