About Washington's Southwest Dc Waterfront

In case many of you don't know I have a new hobby-Photography with my phone (Don't know which camera to get yet. Any suggestions?)So I have decided to use my love for my new hobby for my other new hobby-viewing Art and Sculptures. Last Thursday when I visited the Sackler Gallery of Art on 1050 Independence Avenue SW,I took a picture of the Ganesha.

In India Ganesha is the Elephant God. It is known to Hindus as the remover of obstacles and is often invoked at the initiation of new projects or at the entrance to temples. His blessing brings good fortune and insures prosperity. Bless me Lord.:-) Happy Sunday everyone.

Like so many government projects; we hear things long before we see the results - or even the project started. But now it seems a project - will be happening which has been long talked about and even longer awaited.

DC waterfront projects will be seeing some redevelopment over the next 5 years. The SW waterfront will be transformed from the small fish markets and restaurants into a huge neighborhood with residential, office space a new hotel more boat slips and lots of parking.

Read the story here

Southwest DC Waterfront is a wonderful example of mid-century American architecture, much of Southwest was redeveloped in the 1950-1960s.

The neighborhood offers everything from small studio apartments to large townhouses and palatial apartments with water views.

The residential area of Southwest DC is bounded by South Capitol Street to the east, 14th Street to the west, the Southeast-Southwest Freeway to the north, and Washington Channel to the south.

Here are the figures:

Currently For Sale: 88 homes

Current asking price:
Low: $99,900
High: $899,900
Average: $280,680

Under Contract: 24 homes

Asking price at contract:
Low: $130,000
High: $449,900
Average: $296,057

Average Number of Days on Market Until Contract: 103

Sold since 1/1/2010: 18 homes

Final sales price:
Low: $115,000 

High: $804,000
Average: $318,715

Average asking price for sold properties: $333,900

Average Number of Days on Market Until Contract: 63

The construction of the new Waterfront Station in Southwest DC is continuing. The developer recently secured $250 million for construction financing

The first two new buildings are now above grade and noticeable as one passes by. The new Waterfront Station will reconnect 4th Street SW which was closed when the Waterside Mall was built decades ago. The path of the new 4th Street SW is visible in the photo below. 4th Street will curve around the existing Metrorail station.

 

More information about the new Waterfront Station is available on the developer's website: http://www.waterfrontdc.com/project/

 

 

 

St. Augustine’s Episcopal Church (600 M Street SW, Washington, DC) A church representative attended the ANC 6D01 Meeting and discussed the possibility of selling the church site to developers. The representative said no decision has been made at this time. St. Augustine's Episcopal Church's property abuts the land that is part of the District's redevelopment of the Southwest Waterfront being led by PN Hoffman-Struever Brothers.