"Washington has a growing class of professionals consisting ofsmall businesses, lobbyists, realtors, attorneys, etc. They havenot been able to find appropriate places to live near where theywork," he says. Flexible live/work quarters would allow someone toset up a home office or small business in their own condo orapartment.
Retail condos are another new concept the developers areincorporating in Solea. "Retail gentrification, I believe, will bethe next big policy discussion."
Solea encompasses a 60,700-sf area known as Parcel 34, at thenorthwest corner of 14th Street and Florida Avenue, gateway to theColumbia Heights neighborhood.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
