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CityScape Sells Out, Leaving Few New Condos For Sale in U Street

by Will Smith

CityScape Sells Out, Leaving Few New Condos For Sale in U Street: Figure 1
CityScape on Belmont

CityScape on Belmont settled on its final unit last week, making it the latest project to sell out in the U Street Corridor. The 28-unit development a few blocks off U Street (map) was one of the fastest-selling projects in the region during the first half of last year. Sales were swift from its grand opening in January and by the middle of the year most of the units had sold, according to McWilliams|Ballard, the firm in charge of selling the project. It took the fall to sell the remaining six or seven penthouses.

CityScape is just the latest development to sell out in the U Street Corridor, a sign of the diminishing supply of new condos in the area. CityScape’s neighbor to the west, the 59-unit Solea at 14th and Belmont, sold out earlier this month, and Moderno at 12th and U saw its last unit go under contract in late December. Of the high-profile projects that delivered in the U Street Corridor in the last couple years, only three have any units left:

Project Location Units Left
The Lacey 11th and Florida 5
Union Row 14th and V 5
Murano 10th and V 1

The scarcity of inventory in the U Street Corridor won’t last long. The Floridian (map) is set to begin sales this spring, bringing almost 90 new units to the area.

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This article originally published at http://dc.urbanturf.com/articles/blog/cityscape_sells_out_leaving_few_new_condos_for_sale_in_u_street/1718

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