900 Units and a Food Hall Proposed Along the Anacostia Riverfront While Residents in the DC Metro Area Show Massive Increases in Refinancing
A proposed development could bring 900 units and a food hall to a nearly three-acre site on the northern banks of the Anacostia River. Felice Development Group has filed a planned unit development (PUD) application for 1333 M Street SE which would permit a 791,063 square-foot project with 900 residential units and 45,419 square feet of retail. Much of the planned space would be used as a food hall.
The development also includes a retail plaza at the base of the building and a pedestrian promenade and amphitheater-style terracing down toward the river. The application also proposes adding a traffic circle at Water and M Streets to facilitate pick-up/drop-off. GTM Architects is the building architect and Parker Rodriguez is the landscape architect.
Meanwhile, a new report from ATTOM Data Solutions shows that in the DC metro area, 30,757 homeowners refinanced their mortgages in the fourth quarter of 2019. This is an increase of 180% from last year. It is important to note, however, that the re-financings from the fourth quarter of 2018 represented the lowest level for a quarter since the third quarter of 2000. Nonetheless, it is a significant rate.