who's moving into city ridge?

[Anonymous]

Anonymous wrote: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.

Not true. More and more of my friends are renting with summer homes elsewhere.

[Anonymous]

Anonymous wrote: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.

Lots of available units, but the rent is too high for target market & the units are too small for those who can afford them ???

[Anonymous]

it has some really beautiful aspects to it with the trees behind it in the park service land and a variety of buildings with different size units and amenities. It's a new option for the people who would otherwise look at the buildings on Conn Ave or over in Fox Hall.

[Anonymous]

Today CNN reported that rents are falling for the first time in many years. However, the brief report did not identify specific cities.

[Anonymous]

Anonymous wrote:Dinks.

Why would DINKs want to live in Upper NW?

The only reason to be there is the schools. If you're a DINK willing to pay a premium to live in an apartment like you would in City Ridge you'd want to live somewhere you can walk to nightlife.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Dinks.

Why would DINKs want to live in Upper NW?

The only reason to be there is the schools. If you're a DINK willing to pay a premium to live in an apartment like you would in City Ridge you'd want to live somewhere you can walk to nightlife.

I know this is gonna blow your mind, but not everyone cares about being walkable to nightlife. I would say this is doubly so for DINKs that are 40 and older.

[Anonymous]

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.

You are complaining about the cost of parking when you were too lazy to validate? What is wrong with you? Is everything always everyone else's fault?

[Anonymous]

Anonymous wrote:

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.

You are complaining about the cost of parking when you were too lazy to validate? What is wrong with you? Is everything always everyone else's fault?

PP here. Your reaction may be a bit out of proportion to my comment. I was just pointing out that, for a grocery store (which is a place that people visit at least weekly), it's nice to have relatively hassle-free parking. Of course, Wegman's can do whatever it wants to do. (Per a friend of mine in Virginia, Wegman's removed some paid parking when the wealthy retirees in the high-rise condos nearby complained about being charged a parking fee to park to go to a grocery store. It's different if you're parking at a mall, restaurant, office, airport, etc. Then, I think people don't mind paying to park. I'll probably continue to go to that Wegman's, as it's a nice store.

[Anonymous]

Anonymous wrote:Today CNN reported that rents are falling for the first time in many years. However, the brief report did not identify specific cities.

Not in Manhattan or Miami. And the downturn in rents in some locations is after a very big run up in prices.



https://apolloacademy.com/manhattan-rents-rising/

[Anonymous]

There are tons of new apartments being built in the area, and NOVA and a ton of vacancies too. Makes no sense at all.

[Anonymous]

We own a rowhouse in NW DC, have two young kids. We thought it might be nice to live in a serviced luxury building for the next 3-4 years while the kids are very young and we are close to home. That is, have a daycare, grocery store, gym/pool, playground, etc. right on site. No deal with home improvement and just rent out our current home and write-off the landscaper and maintenance. The rental bldg just handles stuff and we don’t think about it.

Well, $9K for a 3BR is just ridiculous. The juice ain’t worth the squeeze. If we could get a 3BR for $6.5K, we’d pull the trigger.

[Anonymous]

Anonymous wrote:There are tons of new apartments being built in the area, and NOVA and a ton of vacancies too. Makes no sense at all.

Agree, I was just looking at apartments in Rosslyn and you can get a larger two bed than at City Ridge for 4k in brand new buildings with excellent amenities and better gyms. The gym at City Ridge looks pretty pathetic relative to the apartment cost.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There are tons of new apartments being built in the area, and NOVA and a ton of vacancies too. Makes no sense at all.

Agree, I was just looking at apartments in Rosslyn and you can get a larger two bed than at City Ridge for 4k in brand new buildings with excellent amenities and better gyms. The gym at City Ridge looks pretty pathetic relative to the apartment cost.

Which building?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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.

You are complaining about the cost of parking when you were too lazy to validate? What is wrong with you? Is everything always everyone else's fault?

PP here. Your reaction may be a bit out of proportion to my comment. I was just pointing out that, for a grocery store (which is a place that people visit at least weekly), it's nice to have relatively hassle-free parking. Of course, Wegman's can do whatever it wants to do. (Per a friend of mine in Virginia, Wegman's removed some paid parking when the wealthy retirees in the high-rise condos nearby complained about being charged a parking fee to park to go to a grocery store. It's different if you're parking at a mall, restaurant, office, airport, etc. Then, I think people don't mind paying to park. I'll probably continue to go to that Wegman's, as it's a nice store.

You get two hours of free parking validated by Wegmans - that's enough time to say, meet someone for coffee at Tatte and do a grocery run. It's also a well stocked store - not just groceries, but beer, wine, a great bakery section.

[Anonymous]

We live near the City Ridge complex. I think the (theoretical) appeal is that it's upscale suburb-like living while remaining in DC. Commuting to downtown or Bethesda via Metro is quick, and the Wegmans makes going car-free easy. DINKs are certainly a key target, and more generally, any young professionals who want a high-quality and professionally managed complex in a quieter area. Whether they can maintain the rents, no idea.