Since January, 2003
            
 Sliding from Before to After

Rounding up the items on this week's agenda:
* Tonight is ANC 6D's monthly meeting. Alas, no agenda released yet, a common occurrence that should put them on Santa's "naughty" list.
* Tuesday through Friday is the BID's Holiday Market, running each day on Canal Park from noon to 6 pm, with live music from noon to 2. (If you're seeing activity at Second and M today, that's what it is.)
* Tuesday has the next Lower Eighth Street Visioning meetings, at 8:30 am and 7 pm at 535 8th St., SE. These sessions will "focus on best practice examples and build-out scenarios," and an agenda just mailed out by the BID (which is running the sessions) shows guest speakers Richard Lake of Roadside Development (the folks behind the redo of the O Street Market) and Wayne Dickson of Blake Real Estate. There's also an agenda item on "The Need for a Community Center."
* On Wednesday (Dec. 16) the BID is throwing a free Residents' Holiday Party at the Courtyard by Marriott, from 6:30 to 8:30 pm. They'll also keep the Holiday Market open an extra hour (until 7 pm) for residents, and there'll be live music.
* The BID is having its annual meeting on Thursday, with speakers Tommy Wells, Stan Kasten of the Nationals, and Christopher Leinberger, a walkable urbanism expert from the Brookings Institution. In previewing the event on the Breaking Ground blog last week, WBJ's Melissa Castro listed a series of stats about the Capitol Riverfront provided by Jones Lang LaSalle, including that the total office vacancy rate for the area through the third quarter is at 19.2 percent (though it's listed as being at 14.7 percent at the end of October in this subsequent WBJ article). It would have been nice, though, if she'd given @capitolhilldc credit (rather than just "a Twitter user") for the tweet about being the 24th person in line at the DOT Starbucks Thursday morning, which also brought a few fun responses when I retweeted it.
* ANC 6D07 rep Bob Siegel mentioned this at last week's ABC committee meeting, and it's confirmed in the city's land records: there are now 12 units occupied at Velocity.
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Scott says: (12/15/09 8:48 AM)
Just 12 units occupied at Velocity? How does that compare with units sold, and are they still refusing to cut their prices?


JD says: (12/15/09 9:40 AM)
I think the last number I heard is that Velocity is 30% sold, which would be about 60 units out of 200.


LJ says: (12/16/09 7:59 AM)
It's definitely above 30% because FHA loans are now available (as of December 7). I think that the number of residents in the building will pick up sharply in January once all those FHA loans start getting processed.


LJ says: (12/16/09 7:59 AM)
It's definitely above 30% because FHA loans are now available (as of December 7). I think that the number of residents in the building will pick up sharply in January once all those FHA loans start getting processed.


Rick says: (12/16/09 9:27 AM)
I currently rent in the neighborhood and I spoke with my realtor over the weekend, she told me that Velocity isn't selling as well as expected and when I mentioned that magical 30%, she laughed. Hopefully they figure out something to get more folks buying into the area.


DG says: (12/16/09 1:14 PM)
Velocity has passed the 30% occupancy mark and are now able to accept FHA loans. I think sales will start picking up.


Capt Hill says: (12/16/09 1:34 PM)
Rick - now is the time to buy, prices are still reasonable, interest rates are low - and there is the $6,500 tax credit which disappears in April (or March?). I've been living in the Hood since the Navy brought me here in March of 2007. I got out of the Navy last year and we bought at CQ this year. We couldn't be happier: we qualified for the tax credit, 4.75% interest rate and the home prices are only going up.


lovethehood says: (12/17/09 12:08 PM)
Rick,

Don't believe everything your realtor says. LOL FHA would have never OKed their approval to Velocity without that "sold/occupied" number being legit. Also keep in mind & With a sales dept at the Velcoity your "realtor" makes no money if you were to buy at Velocity. So its not in their interest to steer you towards this type of investment/building. BTW, I close on my unit next month and I HAVE done my homework. ;) I hope you do find the place you're looking for. As Capt Hill mentioned, now is a great time to buy. Good Luck!

-I also rent in the neighborhood (Onyx).. At least for a little while longer...... :)

~LOVETHEHOOD

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