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2010 State of the Hood: Looking Back, and Ahead (and Updated Residential Occupancy Numbers, Too)
Jan 19, 2010 1:22 PM
It's become a tradition for me to do a yearly overview of what's happened in Near Southeast over the preceding 12 months, and what the next 12 months are looking like, and in my typically understated way, I've dubbed it "the State of the Hood." This year's missive is now posted, and while the expectation would be that 2009 was a whole lot of nothing, there were more milestones of note than perhaps it seemed--two residential buildings and one office building were finished, the first residents moved into Capitol Quarter, water taxis and Circulators arrived, Cornercopia opened, and work began on the new 11th Street Bridges. There were less auspicious events, too, with construction being halted on two projects, foreclosures hitting various commercial properties and private homes, and the drying up of the "development pipeline." But there's still a few new things coming in 2010, like the Park at the Yards and Justin's Cafe.
Whether you're new to the neighborhood, or an old hand, I hope you'll take a few minutes to plow through the whole thing. (And maybe even read the old ones, too, to relive the insane years of 2006, 2007, and 2008.)
As part of putting the SOTH together, I got the updated residential occupancy numbers from the BID--they say that nearly 2,800 people now live in the "Capitol Riverfront." Here's the breakdown of leasing/sales percentages for the multi-unit buildings:
Rentals
Onyx 95.5% leased, 94% occupied (250 of 266 units occupied)
Axiom 91% leased, 89% occupied (219 of 246)
Jefferson 77% leased, 76% occupied (340 of 448)
909 New Jersey 82% leased, 75% occupied (178 of 237)
400 M 100% leased and occupied (138 of 138)
Condos and Co-ops
Capitol Hill Tower (Co-op) 83% sold and occupied (285 of 344)
Velocity 32% sold, 8% occupied (16 of 200)
Capitol Quarter

82% sold, 28% occupied (32 of 113)
(ownership units, 56 still under construction)
(Note that Capitol Quarter's numbers are a little behind the others, so these are higher now as the move-ins continue)
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