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BisNow: Southwest D.C. Developers See More Demand For Apartments, Hotels Than Ever Before

By October 26, 2018 No Comments
This article originally appeared on Oct 26, 2018, published by BisNow.

 

“The Wharf has been the economic anchor,” Penny said. “The Wharf has created local energy and excitement. It has also created excitement for tourists in a way I don’t think one development project has generated that level of enthusiasm in 30 years.”

Developers also see The Wharf as a boost to Southwest D.C.’s apartment market. The Southwest, Capitol Riverfront and Capitol Hill submarket has the fastest-growing apartment supply of any area in the city, according to Delta Associates, but it has been able to dominate the city’s absorption and raise rents more than any other neighborhood…read full article here

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