We went to see some apartments with my retiree mom and their target demographic was clearly much younger- common rooms staged with books about home brewing, etc. The apartment manager couldn’t state the general demographic for legal reasons but hinted that it was largely AU law students and young professionals. My mom (70s) felt like it wasn’t her crowd and ended up renting elsewhere. The apartments were very nice but small. Common spaces were fantastic though with lots of spaces for remote work

Most retiring couples who want to be in that area would rather buy than rent. It is hard to know what the market is, really.

Anonymous wrote:I had the same question as the OP.

I live about 1-2 miles away from CityRidge (in Bethesda). I like the new Wegmann's, although it's kind of odd how the parking works. I recently went there to pick up a graduation cake, and was charged $6 to park, even though I was only in the store for 10 minutes. (I guess it was my bad for rushing and not doing the parking validation.) But I digress . . .

Anyway, I figure that they developer must have done a lot of market research before embarking on this development. If I were in the market for a condo/rental, I would personally live in downtown Bethesda, which has a lot of amenities. But I can see the appeal of CityRidge. It is definitely in a nice neighborhood, and maybe people have a reason for wanting that particular location, even though it's located in a residential neighborhood of detached houses (and therefore not a ton within walking distance). Tenleytown is OK, but does not have as much to offer as downtown Bethesda, which is just 2 Metro stops up the Red line.

First time crossing the border into DC?

I had the same question as the OP.

I live about 1-2 miles away from CityRidge (in Bethesda). I like the new Wegmann's, although it's kind of odd how the parking works. I recently went there to pick up a graduation cake, and was charged $6 to park, even though I was only in the store for 10 minutes. (I guess it was my bad for rushing and not doing the parking validation.) But I digress . . .

Anyway, I figure that they developer must have done a lot of market research before embarking on this development. If I were in the market for a condo/rental, I would personally live in downtown Bethesda, which has a lot of amenities. But I can see the appeal of CityRidge. It is definitely in a nice neighborhood, and maybe people have a reason for wanting that particular location, even though it's located in a residential neighborhood of detached houses (and therefore not a ton within walking distance). Tenleytown is OK, but does not have as much to offer as downtown Bethesda, which is just 2 Metro stops up the Red line.

DINKs. Divorced law partners who want to stay near their kids in Upper NW. Older higher-income people who don't necessarily need to live five minutes from 10 bars, or no longer want to deal with the urban aggravations that come with living closer to downtown.

Also, PP's "rents will fall quickly" made me chuckle. Bless your heart.

Anonymous wrote:I have been wondering this. I’d think the DINK crowd would prefer somewhere closer to downtown and families could easily find a bigger, cheaper rental nearby. But maybe older DINKs who don’t necessarily want to live near nightlife?

I think that wealthy older DINKs and retirees is probably right. Also DINKs who would really prefer to stay in the city, but have reverse car commutes to suburban office parks in MoCo. Similar to downtown Bethesda in that regard. But that rental calculus is predicated on people without kids preferring Upper NW to downtown Bethesda, which doesn't seem that sustainable given how much investment is going into Bethesda and how comparatively little is going into Upper NW. Wegmans is nice, but my guess is that the rents will fall quickly within a few years to something more competitive with other nearby neighborhoods.

We looked at the 3BR for kicks. It’s like $9K.

Dumb price.

Guessing people who want to live super close to a Wegman's.

Rich students with anxious parents.

I have been wondering this. I’d think the DINK crowd would prefer somewhere closer to downtown and families could easily find a bigger, cheaper rental nearby. But maybe older DINKs who don’t necessarily want to live near nightlife?

Anonymous wrote:location info would be helpful

It's a big development at the tenleytown metro

https://www.axios.com/local/washington-dc/2023/03/20/city-ridge-dc-open-coming

Seems way overpriced to me.

Dinks.

location info would be helpful

I live nearby and go to the Wegmans and Tatte regularly. So curious who is moving into these apartments - seems like a ghost town. The prices are so high too. I can't figure out who they're trying to attract.