Doubling Applications and Revenue: The Second Year of DC's Velocity Program
Two years after the Department of Consumer and Regulatory Affairs introduced programs to help developers, builders, and property owners expedite the permitting process, UrbanTurf is taking another look at how the programs are being used.
For a range of fees, the Velocity and Expedition Services are meant to speed up the permitting process for people at various design and planning stages, sometimes enabling permits to be secured within a day.
The Velocity programs received 175 applications in the first year, gathering over $6.25 million in fees for projects ranging from 1,000 to two million square feet in size. The program grew significantly in its second year. From March 2019 to March 2020, the number of applications exceeded 450 and fees exceeded $14.5 million, UrbanTurf has learned.
story continues below
loading...story continues above
The fees collected per project went as high as nearly $638,000 for work on WMATA's new headquarters at the old Reporter's Building in L'Enfant Plaza. At least 150 permits were for single- or two-family properties, outnumbering those for apartment houses (115), offices (65) and mixed-use (38).
Some other notable expedited projects include the next phase at Art Place, components of the Parks at Walter Reed, Georgetown University's dorms at Gonzaga, the residences at Scottish Rite, a shrunken development in Shaw, and a new restaurant at the old Republic Gardens.
See other articles related to: building permits, dcra, expediting, velocity
This article originally published at https://dc.urbanturf.com/articles/blog/year-two-of-dcs-velocity-program/16703.
Most Popular... This Week • Last 30 Days • Ever
A Cathedral Heights condominium—located on Cathedral Avenue—with outstanding buil... read »
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
- Two Bedrooms with Two Balconies on the Market in Amenity-Packed Cathedral Heights Condominium
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
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