The end of the year is full of “round ups” and “best ofs” – best songs of 2017, top movies of the year, and lists of the most surprising news stories. On a more local note, D.C. has seen some interesting and newsworthy developments this past year. Let’s check out 10 of the biggest and most influential D.C. real estate stories of 2017.
A BRAND NEW SHOPPING EXPERIENCE
Wisconsin Avenue will soon be home to Wegmans, a New York-based grocery store whose popularity has swept the east coast. This redevelopment project includes a hotel, two residential buildings, retail and outdoor event space – sure to make grocery shopping a bit more fun!
WELCOME NESTLE TO ROSSLYN, VIRGINIA
Rosslyn, Virginia is about to get a bit sweeter. Nestle decided to make the big move from Glendale, California to this east coast city, moving into the top nine floors of a currently vacated skyscraper. With a planned investment of $40M and 750 new jobs to be created, this 2017 announcement was big news for D.C. and its surrounding areas when it came to real estate. The move is expected to be completed sometime next year.
FUN TIMES AT THE WHARF
October 12, 2017 saw the official opening of the D.C. Wharf development, a full transformation of D.C.’s Southwest Waterfront into an oasis of high-end living, brand new restaurants and music venues, and office space. Condos in this space have quickly sold at prices toward the top of the market, and this influx of people and business will allow for a new round of growth in D.C.
ARE WE SAYING HELLO TO AMAZON?
With the ecommerce giant’s 2017 announcement that it was taking bids to build a brand new, 8 million square foot facility, D.C. quickly became one of the areas to submit a proposal for the $5B project.
If one of the four proposed D.C. sites are chosen, the area will see an influx of 50,000 new jobs and a huge spike in the economy.
to read more of D.C.’s biggest real estate news stories of 2017.