A Capitol Riverfront Community Overview: ‘Progress Being Made’
Several days ago, I posted our CondoLoft poll of the week, with the question asking how long will it be before the Capitol Riverfront community in Southeast really takes off. If you haven’t voted, please do. It is a question that is a big one around town, as many DC real estate folks will watch the neighborhood’s future to see whether the plans for the community come to fruition.
Just days after our poll, UrbanTurf writer Tim Brown wrote a really in-depth article profiling the community, and its current status.
“Slowly but surely, progress is being made on Capitol Riverfront, Southeast DC’s neighborhood by the ballpark,” Brown wrote. ”Despite being one of the areas in DC hit hardest by the economic downturn, work continues on the many residential and commercial projects in the neighborhood and residents continue to move in.”
Tons of new development DC Condo projects are popping up around the Capitol Riverfront because of the community’s untapped, yet seemingly endless real estate potential. With proximity to cultural hubs like Eastern Market and Capitol Hill, as well as its location on the water, DC Condo buyers are starting to pay attention.
Right now, Brown wrote, most of those condo buyers are young.
“The Capitol Riverfront, or the Front as it is sometimes called, is young in more ways than one,” Brown wrote. ”Most of its new residents are young singles and couples, and the median age in the neighborhood is 36.”
Brown’s article is very informative if you are looking for a broad overview of the neighborhood. You can read it in its entirety here.
All eyes of the DC condo community will be fixated on the Capitol Riverfront over the next several years, because if the dreams for the area do come true, it will be one of the top places to live in the District.
