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:
|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.
- The Floridian Announces New Pricing As It Prepares to Re-enter the Market
- Sponsored Post: Five Units Remain at Union Row
- With Last Unit Under Contract, Solea Sells Out
- The DC Condo Market, Part 5: The Top 20 Fastest Selling Condos
This article originally published at https://dc.urbanturf.com/articles/blog/cityscape_sells_out_leaving_few_new_condos_for_sale_in_u_street/1718.
Most Popular... This Week • Last 30 Days • Ever
In this edition of First-Timer Primer, we look at the ins and outs of the 203k loan.... read »
The largest development on the boards for the H Street Corridor will go before DC's B... read »
Today, we highlight the five DC neighborhoods that have been the most affordable to h... read »
A federal government shutdown at the end of this week looks more and more likely, and... read »
The national housing market has gained a tremendous amount of value in recent years, ... read »
With interest rates reaching their highest levels in 22 years, it is critically impor... read »
Plans have been filed with DC's Historic Preservation Office to convert the building ... read »
The change would allow for an 80-acre portion of DC's 272-acre Armed Forces Retiremen... read »
An application filed with DC this week signals the end is nigh for a McDonald's locat... read »
Madison Highland Live/Work Lofts has plans in the works to convert the 12-story offic... 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. Start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro