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August 25, 2020

Long-Awaited Redevelopment Of Historic U Street School Nearing Completion

The redevelopment of the Grimke School on the U Street corridor has been in the works for more than a decade, and now as it prepares to deliver, the developer is looking to lease the office space in the historic school building. 

Long-Awaited Redevelopment Of Historic U Street School Nearing Completion

Community Three Development retained Stream Realty to lease the office space in the restored, 130-year-old school building at the intersection of U Street NW and 9 1/2 Street in Shaw. The space is expected to be ready for tenants by November.The team has already leased about…

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Nonprofit Proposes LGBTQ Senior Housing Project In Southeast D.C.

Nonprofit Proposes LGBTQ Senior Housing Project In Southeast D.C.

A development planned in Southeast D.C. aims to pioneer a new model of senior housing.Mary's House for Older Adults Inc. filed plans this month with the Board of Zoning Adjustments to build a continuing care retirement community for seniors aged 60 or older who identify as lesbian, gay, bisexual, transgendered, queer…

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GSA To Prioritize Opportunity Zones For Federal Agency Moves

GSA To Prioritize Opportunity Zones For Federal Agency Moves  

The federal government is looking to use its real estate arm to help spur investment in opportunity zones.  The General Services Administration announced Tuesday it will increase its investment in opportunity zones with owned and leased federal buildings, following an executive order that President Donald…

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A Yacht Club, Michael Milken And Tesla: Meet 10 Of The Nation's Swankiest Opportunity Zones

There are more than 8,700 opportunity zones nationwide, but considering that reporting on their results isn't required, there isn't much data to assess the efficacy of the program designed to lift distressed areas out of poverty.

While there is some evidence that they are helping spur real estate development, often in places that probably would have already seen it anyway, there has also been criticism of the program for its opaqueness and questionable zone choices.

The U.S. Treasury Department keeps some data in a searchable form, including the income and poverty rates of each of the OZs, based on census data. Bisnow took a close look at that info to break out 10 of the most eyebrow-raising OZ program selections. 

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Experts: Support Working Parents Like The American Economy Depends On It

Fortune 500 CEOs, economists, researchers, and working moms and dads are all too aware: Until the coronavirus is effectively mitigated in the U.S., and schools and day cares are able to reopen safely and stay open consistently, members of the American workforce who are caring for young children at home — 17.5 million workers, or 11% of the workforce — will probably not be able to return to work full time.

This is a problem for parents, who worry about their job security, on top of being spread thin. It is a problem for employers, whose teams may be remote for much longer than they originally planned, and who find themselves needing to adapt to the "new normal" of managing in a pandemic, where worker safety and mental health are inextricable from productivity and a company’s bottom line.

And last but not least, it is a problem for the U.S. economy. 

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