Tuesday, April 3, 2012

More News on CCDC

Carol Ross Joynt at Washingtonian has a great interview with Howard Riker, Vice President of Development for Hines - the developer of City Center DC (or CCDC as those in the know are now calling it).

Here's our favorite part:
Riker:  "We are considering the possibility of integrating a market-like concept into our retail strategy... We've also been evaluating some of the market-restaurant concepts."
Washingtonian:  "Such as Eataly?" 
Riker:  "Yeah.  We may have a farmers market too."
The article also confirms that condo sales should start late Summer of this year, and CCDC's one- and two-bedroom condos will "be in the average range of $800 to $900 per square foot."

A quick perusal of Zillow shows that the average Penn Quarter condo is at an asking price of between $530 - $690, so this would certainly be a step up, if CCDC goes for that asking price.  Of course, our condos aren't sitting on top of an Eataly, either.

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