Archive for June, 2010

Not Everything’s a Bargain at DHCD Auction

The District dispatched with 18 falling-down and unbuilt properties this afternoon, in a brisk auction with a clear takeaway: While investors are willing to pay top dollar for eyesores in good neighborhoods, there’s still little interest in marginal markets on the eastern end of the city.
Case in point: before the auction began at the Washington [...]

DCUSA Target Opening Real-ish Grocery Store

More food! Perhaps feeling the heat from incoming Ellwood Thompsons, Target is planning to expand its current dry goods section to include more grocery-type items, including produce–a critical factor making it a viable alternative to Giant's weekend lines. The remodeling will start any day now and finish sometime in October, taking out some abutting retail [...]

GSA’s Choice: Friendly or Forbidding?

Tomorrow, the National Capital Planning Commission will consider two different futures for the renovated General Services Administration headquarters at 1800 F Street: One, a highly secured streetscape design with bollards all over the sidewalks and 16-inch-thick security barriers. Or two: A welcoming, pedestrian-friendly retail scenario that could make the federal building into a part of [...]

Morning Links: Last Minute Saves

Higher fares, fewer riders? Maybe. [Examiner]
Council takes emergency action to allow overhead wires for H Street/Benning Road streetcar. [WBJ]
Last obstacle clears for Hill East transfer. [WBJ]
City creates non-profit to take over United Medical Center. [Post]
Jaffe: Real estate forecast saves political bacon. [Examiner]
Does anyone want to run the Bethesda Theater? [Post]
Fort Davis facelift gets under way. [...]

Small Local Biz for Gray, Suburban Heavy Hitters for Fenty?

As our dearly departed DeBonis reports, the Greater Washington Board of Trade has endorsed Mayor Adrian Fenty over Council Chairman Vince Gray, with the reasoning: Things have been ok from our perspective, so why change horses mid-stream?
"It simply comes down to the fact that we recognize the progress that's being made over the past four [...]

Lacey Receives Design Award, Still Working to Offload Last Few Units

The Lacey, that incongruous modernist masterpiece on 11th and Florida Northwest (tagline: "Better Living Through Architecture"), is now a prizewinner: Division1 architects picked up the Northern Virginia AIA chapter’s award for residential design excellence last week, beating projects from all over the greater D.C. area.
Tell that to prospective buyers. After being on the market for [...]

Opening Shots Fired in Takoma Over City’s New Pot Law

Last night, ANC 4B won its battle with vice in the form of usury. The next item on their agenda, however, could make Famous Pawn’s trial look like a cake walk: Pot.
In May, the D.C. city council approved legislation to sanction as many as eight medical marijuana dispensaries in the District, which would allow only [...]

Anybody Else Want a Pawn Shop?

Advisory Neighborhood Commission 4B, which has been fighting a new pawn shop seeking to locate at 7301 Georgia Avenue all year, finally used its legislatively-granted great weight last night to squash Famous Pawn’s ambitions once and for all.
First Cash Financial’s president Rick Wessel tried his best to counter the audience’s overwhelming animosity towards his new [...]

Federal Dragnet Helps Pick Up Notorious D.C. House Flippers

The Department of Securities, Insurance, and Banking announced yesterday that they'd finally indicted Renaldo Gillis and Afolasade Orekoya for a pattern of quick home resales involving forged appraisals, straw buyers, fudged loan applications. Their chicanery netted the pair $1 million over six years–not an eye-popping payoff, sure, but not a bad living either. Here's how [...]

Wednesday Bargain House Shopping Spree?

Tomorrow, 18 District properties–several in Congress Heights, a few in Columbia Heights, Old City, Deanwood, Barry Farms, and Woodridge–are going on the block as part of the Department of Housing and Development's second-annual property disposition auction at the Washington Convention Center. There are all sorts of rules associated with buying and rehabbing these houses and [...]