The Boilermaker building at the Yards.
The Capitol Riverfront/Navy Yard neighborhood is nearly 50 percent built out and the residential inventory will double over the next three years, the neighborhood’s Business Improvement District announced at its annual meeting Thursday.
The BID — which coined the name Capitol Riverfront several years ago, though many residents refer to the southeast DC neighborhood as Navy Yard — called 2014 a “transformational year” for the neighborhood. Eight new restaurants popped up, bringing the total to 27, and a Harris Teeter and Vida Fitness opened at the Yards, part of 90,000 square feet of retail space constructed in the neighborhood over the last year.
There are now 4,700 residents in the area, which shows that the neighborhood population has risen by about 600 residents a year since 2009 when under 2,000 residents lived in the area and it felt like a ghost town at night. Here are a few more interesting stats from the annual report:
- There are 1,916 residential units under construction in the neighborhood.
- The Navy Yard/Ballpark Metro station averaged 9,500 riders a day in 2014.
- In 2014, there were 49,972 Bikeshare trips to the Capitol Riverfront — more than 3 times the 2011 count.
Former Office of Planning head Andrew Altman, who spoke at the organization’s annual meeting on Thursday, said he expected the coming DC United stadium at Buzzard Point would likely be a catalyst for more change in the neighborhood. The future of the stadium was briefly in doubt over the past year when a plan to fund the purchase using proceeds from selling U Street’s Reeves Center was spiked. An alternative funding plan was eventually agreed upon.
This article originally published at http://dc.urbanturf.com/articles/blog/navy_yard_capitol_riverfront_nearly_50_percent_built_out/9436
Most Popular... This Week • Last 30 Days • Ever
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 »
With two additional museums authorized as part of the Smithsonian system, a forthcomi... read »
Another hotel in the DC area will bite the dust to make way for the new development.... read »
Residential development in this jurisdiction-straddling neighborhood got a major kick... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
A Tysons development has the area's five tallest buildings on the boards.... read »
Homeowners will be able to expedite the ADU approval process with two options for one... read »
A rezoning may be in the works for the AutoZone site.... read »
The priciest condo to ever sell in DC just closed last week, nearly a month after the... 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