The X2

501 H Street NE is a new 6 storey apartment building nearing completion with 28 rental units. The building includes three levels of retail. And yes, retail is the real focus here, with a whopping 22,000 sq ft of it, including a two-level open atrium near the entrance. Hopefully the brokers get creative; I could see a whole host of diverse tenants working in that space. And not just bars & restaurants.  The retail space isn't *quite* ready for its close-up, but the apartment units are already leasing. I still can't accept the reality of apartment prices in DC, as the units here range from $1,991 per month for a 575 sq ft studio to a $3,344 per month 1,123 sq ft 2 BR unit. It's all very disappointing, but expected nowadays. How has the inventory crept up with no corresponding let down of rates for new buildings. I don't know. But the units appear to be nice and the location is great.  315 H Stree t just topped out at eight floors and the builders are movi...

315 H under construction a few weeks ago. MRP Realty is working to bring 115 new living units to 315 H Street NE. This 8 storey, 90,000 square foot structure is across the street from Giant grocery and only a few blocks downhill from Union Station. An eastbound DC Streetcar station (currently out of service) is located on the same block. Capital Bikeshare is less than a block away as well.  There will be ~6,000 square feet of retail on the ground floor, which MRP expects to attract, at least, one restaurant tenant. The residential units will be a mix of studio, JR 1BR, 1BR, and 2BR. Eight per cent of the residential gross floor area is dedicated to inclusionary units. In this case that will equate to 12 affordable units including 4 studios (337 sq ft!), 3 junior one bedroom units, 3 one bedroom units, and 2 two bedroom units. The  affordable units are dedicated to households with an annual income of 80%, 60%, and 50% of the area median income and will exist as lon...