loading...

Sponsored: UrbanLand’s Recent Transactions Exemplify a Market in Full Swing

  • July 31, 2012

by UrbanTurf Sponsor

DC real estate development is, once again, in full swing, and the current market is ideal for experienced developers and sellers who’ve held onto properties for several years. Lenders and contractors are also eager to get back to work—and parties on all sides are making deals.

This spring and summer have been busy times for UrbanLand Company (ULC), a downtown-DC real estate brokerage actively operating in land/lot, residential and investment property sales.

image
ULC’s 12-unit building in Southeast DC.

“We’ve put together some unique deals, for many of the city’s most interesting parcels of land, over the last several months,” Gerard DiRuggiero, Principal Broker of UrbanLand Company, said. “We’re feeling déjà vu—conjuring the 2005 market—and we have a lot of optimism for the remainder of 2012 and 2013.”

ULC’s recent land transactions and developments are a testament to the changing real estate landscape. Below is a little detail on what the firm has in the works:

435 R Street NW: 5,800 square feet of C2A land that recently settled for $1,150,000. ULC worked directly with the property seller, who ran a dry cleaning business there for 10 years. The site required a few hundred thousand dollars in remediation.

306 & 308 K Street NE: Two R4 lots and a large alley parcel. The same developer that owned this parcel also owned the (large) neighboring residential building. After researching the particulars of the land, the developer determined that—in the absence of a 30-foot alley—the rear portion of the parcel could not be used for residential purposes. The developer therefore completed a subdivision with two R4 lots on K Street and an alley lot, which they would dispose of in a tax-advantageous way. ULC found a developer to buy both R4 lots and the alley parcel.

1515 Rhode Island Avenue NE: 7,090 square feet of C2A land with an eight-unit shell. Before the purchase, ULC spent time researching development around Brookland and the Rhode Island Avenue Metro station.

215 Randolph Place NE: Six R4 lots in Eckington. ULC relisted this land after listing and selling it to one of its clients two years ago. ULC brought two of its developer clients to complete the purchase. One bought two lots, and the other bought four.

1418 Florida Avenue NW: A three-unit, occupied apartment building in the 14th Street Corridor.

Other ULC projects and land parcels awaiting development include a vacant 12-unit building in Southeast (see photo above) and an R4 lot in LeDroit Park. As the residential real estate market intensifies, UrbanLand Company continues to meet with developers and investors to determine how it can fulfill acquisitions needs.

For more information on UrbanLand Company, or to tour one of the firm’s development sites, call 202.320.9976 or email .(JavaScript must be enabled to view this email address).

 

See other articles related to: urbanland company, sponsored articles

This article originally published at http://dc.urbanturf.com/articles/blog/sponsored_urbanland_companys_recent_real_estate_transactions_exemplify_a_ma/5827

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

Northern Virginia

Profiles of 14 neighborhoods across Northern Virginia

Ballston
Looking to Give People A Reason to Stay Past 6pm
Clarendon
Happily Straddling the Line Between City and Suburb
Columbia Pike
Arlington’s Neglected Stepchild is Getting a Makeover
Crystal City
Turning Lemons into Lemonade
Lyon Village
Developing An Air of Exclusivity?
Rosslyn
Hitting Its Growth Spurt
Shirlington
An Urban Village Hitting Its Stride
Del Ray
Virginia’s Small Town Near the Big City
Eisenhower Avenue
The Vibrancy Might Take a Few Years
Huntington
The Quiet Neighborhood By the Beltway
Old Town
Mayberry By The Potomac
Parkfairfax
132 Commerical-Free Acres
Downtown Falls Church
Staying the Same in the Midst of Change
Tysons Corner
Radical Change Could Be On The Way

See more Northern Virginia »

Maryland

Profiles of 14 neighborhoods in suburban Maryland

Annapolis
Small-Town Living in the State Capital
Bethesda
Bedroom Community Gets Buzzing Cache
Cabin John
In With The New While Maintaining the Old
Chevy Chase
Affluence, Green Lawns and Pricey Homes
Downtown Silver Spring
Experiencing a Resurgence After a Bumpy History
Potomac
A Suburb on Steroids
Rockville Town Square
Despite the Dynamism, Still Somewhat Generic
Takoma Park
More Than a Little Bit Quirky
Wheaton
A Foodie Magnet on the Verge of Change
Capitol Heights
Kudzu, Front Porches and Crime
Hyattsville
Glass Half Full or Half Empty?
Mount Rainier
Artists, Affordable Homes and A Silo Full of Corn
National Harbor
A Development Rises Next to the Potomac
Riverdale Park
A Town Looking For Its Identity

See more Maryland »

Northwest DC

30+ neighborhood profiles for the city's biggest quadrant

16th Street Heights
DC's Sleeper Neighborhood
Bloomingdale
Where (Almost) Everyone Knows Your Name
AU Park
One of DC’s Last Frontiers Before the Suburbs
Brightwood
DC’s Northern Neighborhood on the Cusp
Burleith
DC’s 535 House Neighborhood
Cathedral Heights
Do You Know Where That Is?
Chevy Chase DC
Not to Be Confused With the Other Chevy Chase
Cleveland Park
Coming Back After A Rough Year
Columbia Heights
DC’s Most Diverse Neighborhood, But For How Long?
Crestwood
An Island of Serenity East of the Park
Dupont Circle
The Best of DC (For a Price)
Foggy Bottom & West End
Where the Institutional Meets the International
Forest Hills
Ambassadors and Adventurous Architecture
Fort Totten
Five Years Could Make a Big Difference
Foxhall Village
350 Homes Just West of Georgetown
Friendship Heights
A Shopping Mecca With a Few Places to Live
Georgetown
History, Hoyas and H&M
Glover Park
One of DC’s Preppier and More Family-Friendly Neighborhoods
Kalorama
A Posh View From Embassy Row
LeDroit Park
A Quiet Enclave in the Middle of the City
Logan Circle
Trendy Now, But Not By Accident
Mount Pleasant
Sought-After Homes Surround Main Street in Transition
Mount Vernon Triangle
From Seedy to Sought-After
Palisades
The Long, Skinny Neighborhood at the City’s Northwest Edge
Park View
It’s Not Petworth
Penn Quarter/Chinatown
DC’s Go-Go-Go Neighborhood
Petworth
Getting a Vibrancy of Its Own
Shaw
The Duke’s Former Stomping Ground
Shepherd Park
DC’s Garden of Diversity
Spring Valley
A Suburb With a DC Zip Code
Takoma
Not To Be Confused With Takoma Park
Tenleytown
Not Quite Like Its Neighbors
U Street Corridor
The Difference a Decade Makes
Woodley Park
Deceptively Residential
Adams Morgan
No Longer DC’s Hippest Neighborhood, But Still Loved by Residents

See more Northwest DC »

Southwest DC

The little quadrant that could

Southwest Waterfront
A Neighborhood Where A Change Is Gonna Come

See more Southwest DC »

Northeast DC

Profiles of 10 neighborhoods in NE

Brookland
New Development Could Shake Up Pastoral Peace
Deanwood
A Little Bit of Country Just Inside the District’s Borders
Eckington
Not to Be Confused With Bloomingdale
H Street
A Place To Party, and To Settle Down
Langdon
The Northeast Neighborhood That Few Know About
Michigan Park
A Newsletter-On-Your-Doorstep Community
NoMa
Evolving from a Brand to a Neighborhood
Rosedale
Ripe for Investment Right About Now
Trinidad
The Difference 5 Years Makes
Woodridge
Big Houses, A Dusty Commercial Strip and Potential

See more Northeast DC »

Southeast DC

6 neighborhoods from Capitol Hill to East of the River

Capitol Riverfront
Still Growing
Hill East
Capitol Hill’s Lesser Known Neighbor
Congress Heights
Gradually Rising
Hillcrest
Notable for Its Neighborliness
Historic Anacostia
Future Promise Breeds Cautious Optimism
Eastern Market
A More European Way of Living

See more Southeast DC »

Upcoming Seminars ▾