Bird’s-eye view of where B&B’s new project will be located
Last week, Bisnow reported that B&B Realty Investment had purchased a 62,000 square-foot warehouse at 50 Florida Avenue in NoMa with plans to turn it into a large-scale residential project.
Although the development, which will not deliver for two to three years, is still very much in the planning stages, B&B’s Rick Brown told UrbanTurf earlier today that the firm is leaning toward the new development going condo, rather than rental, which is now the trend.
Warehouse at 50 Florida Avenue
“With the current boom in apartment construction and the low inventory for new condos, we are leaning toward condos,” Brown told UrbanTurf. “However, that could change depending how the market looks in 18 to 24 months.”
B&B hopes to break ground on what will likely be a 240-250 unit project in about 18 months, but it first needs to get approval to raise the zoning capacity at the site. The firm is in talks with a number of architecture firms to design the development.
This article originally published at http://dc.urbanturf.com/articles/blog/50_florida_avenue_--_leaning_toward_condos/2968
Most Popular... This Week • Last 30 Days • Ever
A new residential development is on the boards in DC and the design is reminiscent of... read »
DC Council initially passed a bill to regulate short-term rentals over three years ag... read »
UrbanTurf takes a look at the neighborhoods in the DC region where homebuyers likely ... read »
The DC area is not known for the very high home prices of New York or Los Angeles. Bu... read »
A new rendering provides a better sense for how Adams Morgan's former Brass Knob ware... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
Here's what you need to know about reporting profit made from the sale of your home.... read »
A final look for the year at the DC neighborhoods where home values rose the most thi... read »
A Tysons development has the area's five tallest buildings on the boards.... read »
Residential development in this jurisdiction-straddling neighborhood got a major kick... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro