RSS FeedCityCenterDC Brings New Wave Of Retail Excitement To Downtown
We would have photoshopped little dollar bills into the dirt in this photo!
The Downtown DC BID just released the 2011 edition of its Downtown Shopping District Brochure (pdf). It is an excellent document full of numbers and statistics describing the significance of this large dirt playground that currently occupies the site of the Old Convention Center.
The report accents a few facts that Penn Quarter residents have been aware of for a while:
- More than 1/3 of downtown DC residents are between the ages of 20 and 34
- Downtown DC residents increased by 46% from 38,000 in 2000 to 56,000 in 2010
- 9.5 million people attend downtown DC culture and entertainment attractions annually
- 42,000 DC tax filers earn more than $100,000/year (up 15,000 from 2000)
There is also an excellent graphic that represents an official version of what the site will look like when completed. 2/3rds of Phase One is dedicated to condos and apartments (shown below). And, all Penn Quarter condo owners want to know: have you heard any rumors on pricing for the condos in this development?
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one of the articles I read said approx. $700 per square foot would be the target condo sales price. I’d have to go back through my links to find out where I saw that.