CityScape Sells Out, Leaving Few New Condos For Sale in U Street
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.
Related stories:
- 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
See other articles related to: cityscape, condo shortage, dc area market trends, dc condos, dclofts, moderno, murano, solea, the floridian, the lacey, u street corridor, union row
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
This week's Best New Listings includes a four-bedroom home in Hyattsville, a chic Dup... read »
When Dan and Tanya Snyder couldn't sell their 30,000 square foot home , the former ow... read »
Cash-out refinancing is a popular financial strategy that allows homeowners to conver... read »
This weekend, the Gallery-Place Chinatown Task Force pitched its ideas to Mayor Murie... read »
DC continues to get close to meeting Mayor Muriel Bowser's goal of producing 36,000 n... read »
- Best New Listings: 140 Years in Hyattsville, 100 Years in Bethesda
- Dan Snyder Gave His Potomac Home Away, And Now It's Coming Back On The Market
- How Does Cash-Out Refinancing Work?
- A Gallery Walk, A Night Market: 8 Big Ideas Pitched For DC's Chinatown
- 34,000 And Counting: DC Is 96% of Way Towards Meeting 2025 Housing Production Goals
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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro