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Richard,
Upper GA in 2012 is no way analogous to U Street in 2005. [Deleted for violating the comment policy.] Ellington was not the trigger that caused the uptick, it was the bang proving it was already happening. Are the Atlas Apartments on H Street the cause of the revitalization there or proof that developers are on the bandwagon to what has already begun? The U Street corridor was the next logical neighborhood for redevelopment as it crept eastward from Dupont. The intersection of Missouri and GA, is not currently mere blocks away from urban vitality - its miles. Its turn will come, but not before Petworth and other in-between areas revitalize. The same is true for the other suburban-style Walmart sites. Smart developers, retailers and lenders do not over build, that's how they stay in business. In time some of these areas may have rents that support mixed-use, urban-style projects, but that's the point. These things take time and jumping the gun with product that is out of sync with the life cycle of a neighborhood is a recipe for a failed project.

by The Prophet on Apr 27, 2012 4:50 pm • linkreport

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