December 21, 2020
Five Big DC-Area Commercial Real Estate Projects in the Pipeline for 2021
KEITH LORIA | Commercial Observer
Like elsewhere in the U.S., commercial real estate development in the Washington, D.C., area slowed dramatically in 2020 due largely to the coronavirus pandemic. It’s expected to be slow in 2021, too, compared with previous years (and even with a new administration coming to town).
Still, there are some prominent projects in the pipeline that are on track to deliver next year. Below are five of the most notable, including a new office tower in Bethesda, Md., and a new three-building complex in Arlington, Va.
City Homes Eckington
Grosvenor Americas is developing City Homes Eckington, a collection of 45 multi-story residences featuring distinct architecture and interior design elements across one-, two-, and three-bedroom offerings.
The development is anticipated to deliver in the spring.
“City Homes is one of the most unique boutique condominium properties to come onto the D.C. market in recent years,” Jonathan Carr, senior vice president of development at Grosvenor on City Homes, told Commercial Observer. “Each City Homes residence features at least one private outdoor space in the form of a terrace or balcony, as well as sweeping views that connect residents to their surrounding community.”
Located at 1500 Harry Thomas Way NE in D.C., the development will be part of JBG Smith and LCOR’s larger Quincy Lane Project, which upon completion next year, will contain four residential buildings and 80,000 square feet of curated retail.
“It was designed to fit seamlessly into the community, as well as complement its continued growth and development,” Carr said. “The project combines residential and commercial offerings, and features a ‘woonerf,’ or shared street design, in order to give residents greater access to the community. It offers a unique combination of the comforts of home and the excitement of the city.”
City Homes is centrally located in Eckington, one of D.C.’s oldest and more historic neighborhoods. It’s also near NoMa and Union Market, which include numerous retailers, restaurants and entertainment options.
“Residents will also have access to newly completed [Alethia] Tanner Park and the Metropolitan Branch Trail,” Carr said. “City Homes is located within minutes of Downtown D.C., and quick access to Metro and I-395 puts everything the greater region has to offer right at the owner’s fingertips.”