RSS FeedSpring Break Anyone?
Anyone else ready for the winter greys to be over? Well, if you don’t have a plane ticket booked to the sunshine, maybe you can at least enjoy some Spring Break destinations here in DC.
Mexico – March 2-15
Oyamel‘s (401 7th St., NW) Tequila & Mezcal Festival
The Bahamas – March 17
Out of Nothing, An Event to Support Emerging Bahamian Artists
District Architecture Center (421 7th St., NW)
Cribs XXVII: It Looks Better The Second Time Around (@CityCenterDC)
Ed. Note (3/3): This comparison is meant for comparing CityCenter condos with condos where parking is not available for sale in the building being compared. A few Penn Quarter condos do not have parking spots available for sale and residents must rent their parking spots on a monthly basis in those buildings as there is no other choice.
We are now starting to see CityCenter condos come back onto the resale market after initial sales by the developer’s sales agent. One such unit caught our eye because it’s indicative of a nice, solid unit at The Residences at CityCenter and it’s an interesting condo fee comparison to other 2 bedroom units in the area.
Unit 904 at 925 H Street NW is a 2 bedroom, 2 1/2 bathroom unit at CityCenter facing south and including 2 parking spaces. The condo fee is $1,280 per month and the asking price is $1.215M, 5.9% above its initial sales price of $1.417M. That will cover most of a realtor’s traditional 6% commission for the sale although it will still leave the seller with a small loss at settlement due to the 1.45% transfer fee required by the city government (this also depends on other items negotiated as a part of a sale transaction).
How does this compare to other units? The condo fee seems high but if you factor in that each parking space rents for $250 per month (or more) in a few condo buildings around Penn Quarter, the netted out condo fee is actually $780 per month which compares favorably with many of the other 2 bedroom, 2 bathroom units of this size in the area. Sometimes it does look better the second time around.
925 H St NW – Unit 904 – MLS #DC8558851 [Redfin listing] [MRIS Virtual Tour]
U.S. Navy Memorial – Centennial Celebration Of The Navy Reserve
From the Penn Quarter Neighborhood Association, we learned about the Navy Memorial’s new centennial celebration of the Navy Reserve.
U.S. Navy Memorial – Exhibit Opening
Year of the Navy Reserve: A Centennial Celebration
Tuesday, March 3, 9:30 am
The public is invited to view this exhibit mounted in honor of the Navy Reserve’s 100th anniversary. Featuring ship models, rare historical artifacts, artwork, and recruiting posters, the exhibit will showcase the history of the Navy Reserves, its current mission, and its goals for the next century. Throughout the year, special presentations will highlight the range of roles reserve sailors have played throughout history.
On Exhibit through April 2016
U.S. Navy Memorial
701 Pennsylvania Avenue, NW
202.737.2300
www.navymemorial.orgMetro: Archives-Navy Mem’l-Penn Quarter
Want to Own the Next PQ Restaurant?
Like many foodies, the dream of owning our own restaurant, or at least dreaming up the idea of our perfect dining experience, is a frequent topic of conversation around the table. Now, you too can own a piece of Penn Quarter’s newest restaurant concept. While walking by the former Living Social space at 918 F St., NW, we noticed signs for Prequel.
What is Prequel? Well, it turns out it’s a unique opportunity for DC residents to crowd-source a restaurant incubator. Aspiring chefs and other providers (handpicked by EquityEats) will be given the chance to host pop-ups in the 918 F St. space and test their concepts. For 9 more days only, if you are a DC resident, you can make a small or large investment in Prequel. Check out their site for more details, but here’s a snapshot of what you could get as an investor: an array of perks (ranging from invites to exclusive events to discounts on your bill) and, potentially, a return or a profit on your investment.
Bravo, Prequel, for this creative combination of crowd-sourcing and pop-ups to get this foodie excited about playing a real part in the next best restaurant in our neighborhood!