After years of inaction, a new applicant is hoping to take a crack at converting the vacant Waterfront Center office building in Old Town at 801 N. Fairfax Street into a residential development. Converting the building to residential did require one Special Use Permit (SUP) for increased height to allow rooftop access. This technically increases the height of the building by adding railings and dividing walls. An SUP was granted in 2017, but no action was taken and the permit expired.
Mortgage rates remained at all-time record lows for the second week in a row and homebuyers are taking full advantage. Last Thursday, Freddie Mac reported 3.13 percent with an average 0.8 point as the average for a 30-year mortgage, the same rate as the record low set last week.