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Inside the D.C.-area’s most expensive homes for sale

With the help of Rockville-based multiple-listing service MRIS, we compiled a list of some of the most expensive homes for sale in the Washington area.

This month, the most expensive new listings include a mansion with 19 bathrooms, a mix of traditional and contemporary homes and several properties with Potomac River views.

• 9410 Piscataway Lane, Great Falls, Va.

$7.18 million

Agent: Becky Wang, Gentle-Lead Real Estate

Built in 2014, this 14,500-square-foot brick home has 8 bedrooms, 12 bathrooms, 5 fireplaces, an elevator and a four-car garage. The grounds include an infinity-edge swimming pool, patios, landscaped areas and woods. The house has balconies, decks and an outdoor living room off the kitchen, family room and breakfast area. In addition to formal rooms, the mansion includes a library, a home theater, a wine cellar, a sauna and a separate apartment for guests.

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• 6 Kalorama Circle NW, Washington

$5.75 million

Agent: Michael Rankin, TTR Sotheby’s International Realty

This six-bedroom, seven-bathroom residence in Kalorama includes formal living and dining rooms, a conservatory, a family room with 11-foot-high ceilings and a deck with views of the city. The home, built in 1930, has four stories, four fireplaces, an elevator and a master suite with two bathrooms. The grounds include gardens, terraces and a detached four-car garage.

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• 2220 Q St. NW, Washington

$4.5 million

Agent: David Getson and Mandy Mills, Compass

This Kalorama residence, located on a private alley between 21st and 22nd streets NW, is one of the city’s more usual homes. The four-story contemporary-style residence includes more than 2,000 square feet of outdoor space with a heated rooftop swimming pool and roof deck. The house has an 18-foot-tall entrance with a waterfall and a koi pond, an elevator, five bedrooms and five bathrooms. The 5,220-square-foot home also has three fireplaces and an open floor plan.

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• 9905 Bentcross Dr., Potomac, Md.

$4.295 million

Agent: Marc Fleisher and Michael Kay, TTR Sotheby’s International Realty

This estate, which rests on nearly three acres, has nearly 28,500 finished square feet on four levels with nine bedrooms and 19 bathrooms. The residence has an elevator, eight fireplaces, a two-story gallery and foyer for entertaining, formal and informal rooms and details such as marble flooring and custom-designed moldings. The home has an indoor swimming pool and the grounds include landscaped gardens and a sport court.

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• 3614 Prospect St. NW, Washington

$4.295 million

Agent: Marc Fleisher and Daniel Hynes, TTR Sotheby’s International Realty

This Federal-style Georgetown rowhouse, recently transformed by Petra Development, has three bedrooms, four bathrooms and a fireplace. The 4,224-square-foot house has 11-foot-high ceilings on the main living level, walls of glass and two terraces, including one on the roof. The terraces and most rooms have views of the Potomac River and Key Bridge. The property comes with a one-car garage.

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• 39881 Snickersville Pike, Middleburg, Va.

$3.5 million

Agent: Jock Reuter, Reuters Real Estate

This Middleburg estate rests on nearly 80 acres with a lake, a spring-fed pond and parklike grounds. The French country-style house has nearly 10,000 square feet with four bedrooms, seven bathrooms, five fireplaces and a flagstone porch, stone-walled patios, a courtyard and a swimming pool. The grounds include a guesthouse with three bedrooms, two bathrooms, a garage and a studio apartment.

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• 601 Fairfax St., #303, Alexandria, Va.

$2.95 million

Agents: William F.X. Moody, Robert Hryniewicki, Adam T. Rackliffe, and Christopher R. Leary, Washington Fine Properties

Built in 2014, this condo at the Oronoco in Old Town Alexandria has Potomac River views from most rooms and from a large balcony. The condo has more than 2,000 square feet with an open floor plan, a center-island kitchen with quartz counters and upgraded appliances, two bedrooms and three bathrooms. The unit comes with two garage parking spaces. Amenities in the building include a heated swimming pool, a fitness center and concierge services.

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• 1881 Nash St., #2309, Arlington, Va.

$2.95 million

Agent: Julie Zelaska, Smith & Schnider

This penthouse in Turnberry Tower, previously listed at $3.4 million, includes a wraparound terrace overlooking the Potomac River and Georgetown. A private elevator leads directly into this contemporary-style condo, which has an open floor plan with glass doors connecting several rooms to the terrace. The owners are selling the unit fully furnished. The condo has 2,655 square feet with three bedrooms and four bathrooms. Condo amenities include an indoor swimming pool, concierge services, a fitness center and valet parking.

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• 3523 Valley St., Arlington, Va.

$2.895 million

Agent: Karen Close, Century 21 New Millennium

Built in 2007, this stone Colonial-style house has 7,000 square feet with five bedrooms and seven bathrooms. The home has four fireplaces, an elevator, a formal dining room, a formal living room, a library, a family room and 10-foot-high ceilings. The property has a covered stone patio, a three-car garage and landscaped grounds.

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• 11304 Seneca Cir., Great Falls, Va.

$2.75 million

Agent: Christine Fraley, Keller Williams Realty

Built in 2008, this custom-designed home rests on 2.24 acres and has more than 7,400 finished square feet. Inside there are embassy-size rooms for formal entertaining, 12-foot-high ceilings, French doors, two fireplaces, an elevator and two first-floor master suites. The residence has a total of six bedrooms and five bathrooms, a three-car garage and unfinished spaces for a media room, wine cellar and more.

Source: washingtonpost.com

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Sweet Mother Maria – The Wharf is Trying to Usurp North Shaw’s Dominant Dining Scene!

But seriously, this area is fixing to be pretty sweet.

From a press release:

“Hoffman-Madison Waterfront (HMW), developer of The Wharf, announced new additions to its expanding dining and entertainment scene, where the District’s best chefs, restaurant owners and entertainment impresarios are creating the region’s most eagerly awaited waterfront destination.

New concepts coming to The Wharf include:

Eric and Ian Hilton, renowned for creating neighborhood mainstays including Georgetown’s Chez Billy Sud, and The Gibson along 14th Street, will open The Brighton, a high-energy waterfront pub

● Chef K.N. Vinod and Surfy Rahman, the DC area-based hospitality veterans behind Indique and Bombay Bistro, who, after over a decade of serving diners some of the most celebrated and exciting Indian cuisine in Washington DC and Maryland, will open a new Indian dining concept at The Wharf.

Cathal Armstrong will open Kaliwa, a new dining destination with a distinct Filipino, Thai and Korean menu

● Nick Fontana, Bruce Gates and Henry Gandy, the team behind DC’s original dock bar, Cantina Marina, are bringing a small-format, live music venue and tavern named Pearl Street Warehouseto the waterfront

These new additions will open at The Wharf starting in October of 2017, joining:

Nick Stefanelli, the chef behind Masseria, is opening a three-story Italian market and restaurant at The Wharf that will include an 80-seat trattoria, a rooftop bar, an Italian eatery, a butcher shop, cheese counter and bakery. Stefanelli’s yet-to-be-named Italian market has an anticipated opening of Spring 2018.

Potomac Distilling Company, a multi-story rum distillery with an inventive new twist on a Tiki Bar from “master mixologist” Todd Thrasher.

Del Mar by James Beard Award-winning chef Fabio Trabocchi will pay homage to the seaside town of Mallorca with Del Mar. The two-level waterfront Spanish and seafood restaurant is destined to become a standout in the DC restaurant scene.

Hank’s Oyster Bar by Jamie Leeds, one of Washington’s most highly recognized chefs, is a reinvention of her famed Hank’s Oyster Bar for The Wharf. Hank’s On The Water will be known for its simple, approachable seafood menu, consisting of “urban beach food” in small and large plates for sharing—in an incomparable waterfront setting along 7th Street Park and Wharf Street.

Rappahannock Oyster Bar by cousins and fourth generation oyster farmers of Chesapeake Bay, Travis and Ryan Croxton, will open at The Wharf. The new location will occupy the restored historic oyster shed (circa 1912) at the Municipal Fish Market and will have 40 seats indoors and another 80 outdoors.

Requin by Top Chef Mike Isabella and Top Chef Finalist Jennifer Carroll will open at The Wharf. Their restaurant, situated on the edge of District Pier, will bring the Mediterranean coast of France to The Wharf. The riverside restaurant will have an extensive European wine menu and a social-centric sharing menu. The restaurant’s indoor-outdoor setting will have expansive waterfront views.

Kirwan’s by Ireland native Mark Kirwan will be an authentic Irish Pub that will honor the rich Irish heritage of the Southwest Waterfront. Live Irish music will complement the convivial scene.

Stretching across 24 acres of land and 50 acres of water, The Wharf is the largest mixed-use development in the Greater Washington area. In addition to diverse and innovative dining experiences, The Wharf will reconnect the District with its waterfront, and when complete, create a vibrant, amenity-rich, 24-hour neighborhood for businesses, residents and regional visitors alike.”

Source: popville.com

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7 Hikes Near DC Where You Can See Amazing Fall Foliage

Woodstock Tower Hike

Length: Two miles out and back (about 1½ hours).

Difficulty: Easy.

Distance from DC: 90 miles.

Why this is a great fall hike: Avoid the hordes of leaf-peepers on Sky-line Drive and head one ridge to the west, to the Massanutten Mountain range in the George Washington National Forest. The easy and never crowded trail leads to a fire tower maintained by the Capital Hang Gliding and Paragliding Association. The tower’s three-story observation deck provides a 360-degree view, with the seven bends of the Shenandoah River to the west and Fort Valley to the east. As the sun begins to set, the red, orange, and yellow trees along the ridge appear to glow as if on fire. An eating area is directly be-low the structure.

If you go: For trail details and directions, visit hikingupward.com and search for Woodstock Tower.

Post-hike: In the town of Woodstock, you’ll find antiques shops and the delightful Spring House Tavern (325 S. Main St.; 540-459-4755), with 14 beers on tap.

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Stony Man

Length: 3.7-mile loop (about three hours). 

Difficulty: Moderate. 

Distance from DC: 89 miles.

Why this is a great fall hike: Skyline Drive has more than 500 miles of hiking trails. This short loop is the best bang for your buck, with three of the park’s most stellar views in less than four miles. Each of the overlooks is atop a rocky outcropping, with wide vistas of tree-covered peaks and valleys stretching to the horizon. The trail also passes the base of a 90-foot-high, sheer vertical wall that’s popular with rock climbers.

If you go: For trail details and driving directions, see hikingupward.com and search for Stony Man.

Post-hike: Quench your thirst with a Stony Man Camper Cooler or other specialty cocktail at the Mountain Taproom atSkyland Lodge (around mile 42 on Skyline Drive; 540-999-2212), a few miles down the road from the trailhead.

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Annapolis Rock

Length: About five miles out and back (about three hours). 

Difficulty: Moderate. 

Distance from DC: 63 miles.

Why this is a great fall hike: The Appalachian Trail runs 2,200 miles from Maine to Georgia. This little stretch of Maryland is about 2,190 miles shorter but makes a great way to sample the AT. The well-trod path gradually ascends a few hundred feet through a dense forest before becoming an easy walk in the woods. Follow the white blazes—the official blaze color for the AT—for two miles to a short blue-blazed connector trail to the gleaming cliffs of Annapolis Rock. (They’re actually in Boonsboro, a long, long way from the state capital.) The cliffs, which are a popular spot for rock climbers—you may see them while you’re coming up from below—offer a 180-degree west-facing view of spectacular colors in fall, with Greenbrier Lake visible to the south.

If you go: For more details on the trail and for directions, see alltrails.com and search for Annapolis Rock.

Post-hike: Grab a delicious ice-cream cone at the Potomac Street Creamery (9 Potomac St.; 301-432-5242) in Boonsboro.

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Loudoun Heights

Length: 6.3 miles out and back, starting at the secondary Harpers Ferry parking area at the intersection of US 340 and Shenandoah Street and following a different section of trail part of the way back (about four hours). 

Difficulty: Moderate. 

Distance from DC: 68 miles.

Why this is a great fall hike: The little-known hike is unrivaled for its views of the confluence of the Shenandoah and Potomac rivers, Harpers Ferry, and the soot-coated cliffs of Maryland Heights. Start at the Shenandoah Street lot to save a couple of miles of walking through town. The pathway crosses a small stream and follows the mountain ridge up past the remains of an old fort. It then opens to a view of the Potomac River and crests at an overlook of the historic town and, in season, the thick autumn foliage draping down to the banks of the rivers.

If you go: For more trail details and directions, see hikingupward.com and search for Loudoun Heights (although we suggest skipping the first 1.1 miles of that route).

Post-hike: Returning to Harpers Ferry, explore the historic town’s museums, monuments, shops, and restaurants. Don’t miss Jefferson Rock for a view from the opposite side of the Shenandoah River.

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Sugarloaf Summit and White Rocks Overlook Hike

Length: 6.8-mile loop (about four hours). 

Difficulty: Moderate. 

Distance from DC: 40 miles.

Why this is a great fall hike: The closest mountain to DC, Sugarloaf has a variety of scenic overlooks, several accessible by car. For those who want to hoof it all, a seven-mile loop starts in the East View Parking Area. Head up a steep trail to the 1,282-foot summit. Here the view spreads out toward the southwest, to a sea of trees interrupted by islands of farmland. A stair-step path returns to a lower view toward the west and then down into the woods. After a couple of miles, you come upon two rocky outcroppings—the White Rocks overlooks—for more fall-foliage vantage points. Then it’s mostly uphill to finish the loop.

If you go: For trail details and driving directions, visit hikingupward.com and search for Sugarloaf Mountain.

Post-hike: Reward your efforts with a stop at Sugarloaf Mountain Vineyard (18125 Comus Rd., Dickerson; 301-605-0130) on the drive home.

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Wolf Rock/Chimney Rock Loop and Cunningham Falls

Length: Five-mile loop plus 2.8 miles out and back to the falls (about three hours plus two hours). 

Difficulty: Moderate to strenuous. 

Distance from DC: 67 miles.

Why this is a great fall hike: It can still be hot in the fall. These two hikes may be combined in one day in Catoctin Mountain Park to enjoy a bit of fresh mountain air and cool mountain water. The loop hike is best done counterclockwise, with a stop first at the striking Wolf Rock, which erupts from the ground in huge horizontal slabs. While there’s no overlook here, the rocks make for a fun place to scramble. Continue on to Chimney Rock and to take a small leap over a crevice if you dare. It would be easy to spend an entire day here marveling at the view from the flat white boulders, perched on the edge of the mountain. Finish the loop and then, if you’ve got the time and energy, take a short drive to the Cunningham Falls trailhead. The easy 1.4-mile path ends at the cascades of the 78-foot waterfall, Maryland’s highest.

If you go: For a PDF with trail details and a map, go to nps.gov and select Maryland under Find a Park. Click on Catoctin Mountain, then hiking trails, then Wolf Rock/Chimney Rock Loop.

Post-hike: The pool at the bottom of the falls is a wonderful spot to cool off your feet.

Old Rag

Length: 9.2-mile loop (about six hours). 

Difficulty: Strenuous. 

Distance from DC: 86 miles.

Why this is a great fall hike: It’s hands down the best day hike in the Mid-Atlantic,so it can be crowded on weekends. The trailhead begins a quarter mile from the parking area. A couple of miles of moderate grade through the woods lead to a variety of harder rock scrambles—up and down narrow chutes, over and under boulders. Atop the rocky cliff, you can look out on breathtaking views of Shenandoah National Park and verdant Virginia countryside. The return trip follows an easy trail to a fire road.

If you go: For directions, parking in-formation, and other trail details, see nps.gov and search for Old Rag hike.

Post-hike: Go winetasting at Sharp Rock Vineyards (5 Sharp Rock Rd., Sperryville; 540-987-8020), two miles from the parking lot.

Source: washingtonian.com

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Here Are the 5 Most Expensive Neighborhoods in Washington

The median home price in Potomac’s 20854 fell by 3.7 percent last year, to $855,000. Great Falls dropped by 4.7 percent, to just over $1 million. Over the past ten years, as demand for homes in walkable urban centers has steadily increased, demand for those in swanky drivable suburbs has slipped, according to research by Christopher Leinberger, chair of the Center for Real Estate and Urban Analysis and an expert on walkable urbanism. Leinberger says Washington has an excess of suburban cul-de-sac homes and a shortage of two-bedroom downtown condos: “We built too much of the McLeans and the Potomacs.”

The result will likely be downward pressure on home prices in farther-afield neighborhoods with large lots and mansions (or at least McMansions).

Bravo might want to consider making its next series The Real Housewives of Downtown Bethesda. Below, the Zip codes with the most luxurious (and expensive) homes.

Great Falls (22066)

Most Expensive Neighborhoods in Washington, DC, Maryland, Virginia. Great-Falls
Colvin Run Mill is a favorite spot for families. Photograph by Annie Griffiths Belt/Getty Images.

Median Sold Price: $1,060,000

You’ll Love It If: Your dream house is at least 10,000 square feet on lots of land.

It’s only 20 miles from the District, but Great Falls feels distinctly country—less down-home Midwestern, more Downton Abbey. If you want (and can afford) lots of land but your DC job keeps you from fleeing to Virginia hunt country, this is your best bet. You’ll find mansions larger than 10,000 or even 12,000 square feet. There’s no public transportation—two-lane roads wind through farms and rolling hills—and not much of a public water utility. Properties generally use wells and septic systems.

Most Expensive Neighborhoods in Washington, DC, Maryland, Virginia. Great-Falls.
Every week, antique car enthusiasts gather outside Katie’s Coffee for a classic-car show. Photograph by Tracy A. Woodward/Washington Post/Getty Images.

Great Falls is a home base for defense contractors and tech executives who commute to Tysons and the Dulles corridor, an easier feat than taking Georgetown Pike into DC. Still, high-powered lobbyists and lawyers do make the journey—which can take about an hour at peak rush. The traffic—and general trend of moving into city centers—is a culprit for the Zip’s median price drop of nearly 5 percent. Even so, Great Falls remains the priciest locale in Washington, and families gravitate there for the outdoor space. For those whose own five-acre yard isn’t enough, Great Falls Park lies just to the east, with 15 miles of trails.

Local Haunts: Old Brogue (760-C Walker Rd.; 703-759-3309) is the go-to place for a casual meal. April through October, neighbors head to the Katie’s Coffee parking lot (760 Walker Rd.; 703-759-2759) for the Saturday classic-car show.

See all the neighborhoods at The Washingtonian

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Why Getting Pre-Approved Should Be Your First Step

In many markets across the country, the amount of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach.

Freddie Mac lays out the advantages of pre-approval in the My Home section of their website:

“It’s highly recommended that you work with your lender to get pre-approved before you begin house hunting. Pre-approval will tell you how much home you can afford and can help you move faster, and with greater confidence, in competitive markets.”

One of the many advantages of working with a local real estate professional is that many have relationships with lenders who will be able to help you with this process. Once you have selected a lender, you will need to fill out their loan application and provide them with important information regarding “your credit, debt, work history, down payment and residential history.”

Freddie Mac describes the 4 Cs that help determine the amount you will be qualified to borrow:

  1. Capacity: Your current and future ability to make your payments
  2. Capital or cash reserves: The money, savings and investments you have that can be sold quickly for cash
  3. Collateral: The home, or type of home, that you would like to purchase
  4. Credit: Your history of paying bills and other debts on time

Getting pre-approved is one of many steps that will show home sellers that you are serious about buying, and it often helps speed up the process once your offer has been accepted.

Bottom Line

Many potential home buyers overestimate the down payment and credit scores needed to qualify for a mortgage today. If you are ready and willing to buy, you may be pleasantly surprised at your ability to do so as well.

Source: keepingcurrentmatters.com

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Redfin: DC faces lowest supply of homes on record

Washington D.C., home prices increased 3.2 percent in July from a year earlier to a median sale price of $558,000. After prices declined in June, the peak of the real estate season, homeowners in the District welcomed July’s price appreciation.

Sales fell 3.5 percent, but that decline may be deceiving, because homes sales last July were particularly strong. Nearly 1,000 homes sold in the District last month, which is fewer than last July, but relatively strong based on historical sales trends. Overall, the District has had strong sales this year, with year-over-year growth every month except July, despite the fact that the number of homes for sale remains low.

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The overall number of properties for sale declined 9.6 percent since last July, resulting in just 1.4 months supply — the lowest level on record since 2009.

Redfin’s latest Demand Index indicates that buyer demand for homes in June, measured in terms of the number of people touring homes and writing offers, is on par with where we expect it to be at this time of year.

Solid buyer demand coupled with the shortage of inventory kept conditions competitive. The typical home found a buyer in 15 days, and 37 percent of homes were bid up, selling for more than their initial asking price.

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With prices up and buyer demand strong, what’s keeping sellers from listing their homes for sale? Redfin agent Steve Centrella says trade-up buyers are in a bind.

“Many residents want to stay in the city and upgrade to a larger or nicer home. They’re confident about being able to sell their home for a good price but worry about finding a suitable one to move to given rising prices and competition,” he said. “The high demand across pretty much every price point limits flexibility and fluidity in the market, which further exacerbates the low inventory situation. Hopefully, we’ll see more homes hit the market after Labor Day, as we’ve seen in prior years.”

What’s happening in the metro region?

Across the broader D.C., Maryland and Virginia region, the median sale price fell 3.8 percent in July from last year, to $375,000. July was the sixth month in a row that prices have fallen year-over-year. Home sales declined 6.3 percent compared to last year.

The number of homes listed in July fell 11.7 percent, pushing the total number of properties for sale down by 20.2 percent from last year. The region had a 2.4-month supply of homes for sale. The typical home found a buyer in 24 days.

Neighborhood trends

Buyer interest, prices and sales have been strong in several northeast neighborhoods this year. The median sale price increased nearly 18 percent compared to last year in both Takoma and Woodridge/Fort Lincoln, while sales surged 50 percent and 20 percent, respectively.

At the risk of sounding like a broken record, it’s worth noting that Mount Pleasant continued its reign as one of the hottest ‘hoods in the District. The typical home in Mount Pleasant sold in just six days – the fastest of all D.C. neighborhoods Redfin tracks – and for nearly 4 percent over asking price.

Named by Redfin as one of the hottest neighborhoods of 2016, Mount Pleasant has been among the neighborhoods with the lowest median days on market and the highest sale-to-list price ratio.

See our city page for the most up-to-date data on Washington-area home prices.

Source: Redfin.com via Inman.com

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D.C. United Releases Snazzy Renderings Of Its New Stadium

D.C. United posted new renderings of the stadium planned for Buzzard Point, and promised that more will be “dropping all week long!”

They’re not too much of a departure from renderings the soccer team released in January, which show a partial roof to allow for yearlong activity, among other elements. Architecture firm Populous is behind the new stadium.

In fall 2015, the city filed paperwork to seize the Buzzard Point land from developers using eminent domain. This April marked a demolition ceremony featuring Mayor Muriel Bowser.

The stadium is expected to cost around $300 million, which will be split between D.C. and the team. D.C. United chose its contractor this July, signing a $150 million contract with Turner Construction, Washington Business Journal reported.

While the project is slated to take between 14 and 18 months to complete, according to The Washington Post, the team has said that it will not play games at RFK Stadium after the 2017 season. That means that DCU could “end up starting the 2018 campaign with several away dates before debuting at Buzzard Point.”

This weekend’s D.C. United match gave a good reason: rainfall flooded the stadium.

Source: dcist

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This startup that wants to blow up the real-estate market is now worth more than $1 billion

Compass, the real-estate startup trying to use tech to shake up the industry, has raised $75 million in fresh funding, bringing its total to $210 million.

The round, which was led by Wellington Management Company LLP, values the company at over $1 billion, according to a person familiar with the raise. A report last monthfrom The Real Deal said Compass was seeking a valuation of between $1.2 billion and $1.3 billion.

While Compass functions like a traditional broker, the company’s promise is using technology to reduce the time and friction of buying and selling a house or apartment.

Pushing toward this, last month Compass released an app designed to replace “stale” quarterly market reports with more dynamic information. In the app, buyers and sellers can search by standard things like neighborhood, number of bedrooms, price range, and so on. But they can also look at more advanced metrics, like year-over-year analysis of median price per square foot, days on the market, and negotiability.

This app complements Compass’ established agent-only app, which is what first impressed Todd Chaffee, a general partner at Institutional Venture Partners, about the company, he told Business Insider last year when discussing his firm’s investment in Compass. IVP also participated in the current round of funding.

Compass has expanded rapidly since it branched out of New York in September. It now has a presence in Washington, DC; Miami; Boston; the Hamptons; Cambridge, Massachusetts; Beverly Hills, California; Malibu, California; Pasadena, California; Santa Barbara, California; and Aspen, Colorado.

It represents about $7 billion in annual sales, according to the company.

But doubts have lingered in the industry about how much Compass is actually using tech to elevate itself beyond a traditional broker, according to The Real Deal. However, sources in that report speculated that Compass would have trouble raising $50 million, when in fact the startup was able to snag $75 million and up its valuation.

“‪I like the founders, and I’m impressed with their progress,” Salesforce CEO Marc Benioff, a Compass investor, told The Real Deal last month.

Compass has over 900 agents and almost 300 employees.

Business Insider

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DC Design House Opens Oct. 1 on Foxhall Road

A fundraiser for Children’s National Health System, the premier provider of pediatric services in the metro area, the DC Design House has become an annual affair that has attracted more than 70,000 visitors. Over the past eight years, the event has generated $1.5 million for the charity.

Funds are raised from the sale of admission tickets and corporate sponsorships. This year, Farrow & Ball, Thos. Moser and Fred Home Improvement will sponsor the event. Additionally, all items displayed throughout the home are available for purchase, with a portion of each sale supporting the cause.

The 9th annual DC Design House will be held from Oct. 1 to Oct. 30. This year’s house, an expansive five-story home, the former French Ambassador’s residence, at 2509 Foxhall Road NW, is currently listed by Nancy Itteilag of Washington Fine Properties for $10.8 million. Special features include exercise and party rooms, a wine cellar and a luxurious sauna.

Among the designers is Kelley Proxmire of Kelley Interior Design, which has been featured in media outlets such as Southern Living and Home & Design. This will be Proxmire’s 25th show house since her first display at the National Symphony Orchestra Show House in 2001.

Kelley Interior Design was represented in the first DC Design House event, making this her fifth time participating. Visitors can look forward to a “cozy coral family room,” adorned with splashes of blue, white and grey to compliment the openness of the room as well as the attractive fireplace, one of five in the house.

Participating designers must fully furnish their respective rooms through individual means, so donors are welcome to loan fabrics and home accessories to each company. Part of what Kelley enjoys about being involved in the DC Design House is discovering new ways of extravagantly designing a room while remaining fiscally conservative. “I truly love doing it, it’s sort of a game to me,” she says. “It’s a challenge.”

Other featured work includes a dining room executed by Atelier Jonathan Senner, a kitchen by Frog Hill Designs and Studio Q Designs’ take on a vintage cabana.

This year’s exhibition is sure to impress, with new designers delivering innovative, elegant style. Hours are Tuesday through Friday, 10 a.m. to 3 p.m.; Saturday and Sunday, 12 to 5 p.m. Tickets are $35. For tickets, visit dcdesignhouse.com.

The GeorgeTowner

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DC’s Bad Saint Named One of the Best New Restaurants in the U.S.

For two years in a row, DC has been home to one of the best new restaurants in the country.

Last year, Bon Appetit named Rose’s Luxury as the best new restaurant in the country. On Tuesday morning, the magazine gave DC’s Bad Saint the distinction of the second best new eatery in the U.S. this year.

“Their food is personal, but it’s so much more than just dishes they ate as kids,” Bon Appetit’s Andrew Knowlton wrote. “Bad Saint is the kind of place I spend all year searching for.”

Started by Genevieve Villamora and Nick Pimentel, Bad Saint is a 24-seat, Filipino restaurant along 11th Street NW. The restaurant does not take reservations and only hosts groups of four or less, so with this new accolade, expect the wait to be long for quite some time.

Earlier this month, Bon Appetit crowned DC as the best restaurant city in the U.S., highlighting places like Tail Up Goat in Adams Morgan and The Dabney in Shaw (in addition to Bad Saint) as evidence of the city’s increasingly noteworthy restaurant scene.

Source: UrbanTurf