More than one missed opportunity
Friday's Washington Post features a cautionary tale of real estate greed, in which the owner of a Massachusetts Avenue building who wanted to cash in by selling to developers demanded such outrageous prices that the suitors dried up and built around him, rather than deal.
Yes that’s right, the greedy party in the story wasn’t the developer.
While I think the Post is right on in laying the blame for this missed opportunity at wealth on the feet of the building’s existing owner, whose poor treatment of the site makes it obvious he has no great love for the community (there’s no sidewalk out front, just a patch of dirt), the story also illustrates something extremely unfortunate about contemporary development.
No, I’m not talking about the fact that larger-scale redevelopment happens. This is Massachusetts-freaking-Avenue, right in downtown Washington; it is wholly appropriate that redevelopment happen here. Indeed, there is no better place.
[Continue reading Dan Malouff's post on BeyondDC.}
Dan Malouff is an Arlington County transportation planner who blogs independently at BeyondDC.com. The Local Blog Network is a group of bloggers from around the D.C. region who have agreed to make regular contributions to All Opinions Are Local.
| June 21, 2010; 11:53 AM ET
Categories: D.C., HotTopic, Local blog network, development
Save & Share: Previous: Excellence in D.C. schools
Next: BP spill affecting local seafood prices
The comments to this entry are closed.