Thursday, February 4, 2010

Mount Vernon on the Rise

Referred to as what used to be an "urban wasteland," Mount Vernon Triangle has undergone massive changes and continues to do so. In its recent article "From seedy to sought-after: D.C.'s Mount Vernon Triangle becoming urban village," the Washington Post notes the following:

- In the past six years, "the housing inventory in Mount Vernon Triangle has grown from about 500 residential units to 2,000, effectively quadrupling the population of the neighborhood."

- Safety has become a priority. Police officers patrol Mount Vernon Triangle's streets Thursday, Friday and Saturday nights, monitoring for any suspicious activity.

- Restaurants that already have locations in other DC neighborhoods, such as Buddha Bar and Henry's Soul Cafe, are opening up branches in Mount Vernon Triangle.

- The DC streetcar--a project still in the planning stages for K Street and already in the construction phase on H Street--is coming to Mount Vernon Triangle.

Like many other areas, Mount Vernon Triangle is not immune to the effects of the recession on development. "There are still seven large empty parcels that are all spoken for, but plans for them have been put on hold [...] The lack of new inventory and continued demand will result in higher [housing] prices in the coming months."

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