Questions about SW DC for research

[Account Closed]

Hello,

I am an investor in Philadelphia and I am doing some research on a pocket of our suburbs that houses our MLS team. The team has a development plan for the neighborhood that is very similar to the one used for Audi field. I am trying to understand that area of DC (is it considered southwest dc?) more to see what kind of impact it may have had on the housing market in the immediate surrounding area.

I know absolutely nothing of the area and I'm curious as to if it has always been a nice area? has it recently become nice? What kind of people live there (income, employment, etc.), did the stadium have any type of impact on the area? Any info or insight on what to research would be a great help. 

Thank you,

[Ron Gallagher]

That sliver of SW usually referred to as Buzzard Point, which I think is where they busted Marion Berry, anyway the new Audi field will turn over that neighborhood, for the better, fairly quickly since all that was down there was warehouses and not houses where people are currently living. You just have to look at the other side of South Capitol Street to see what the baseball stadium did to that entire area.  The only thing that is holding SW back is the projects that span from about 3rd Street SW to South Cap Street. I remember hearing something about tearing down those projects and replacing them with nicer, low income housing but that hasn't happened yet, and it may never happen.  But one has to believe that with the 2 billion dollar Wharf project on one side and the improvements to the Navy Yard and South Capitol Street on the other, that eventually those projects will be squeezed out.  

I own a condo in SW, one block away from the new Wharf development.  I have owned it for 20 years and I have seen SW transform from a sleepy residential area into the coolest neighborhood in DC (and my property value has quadrupled) .  I would be a buyer in Buzzard Point, especially if you can snag a property with water views.