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Last week, Baltimore's transit-oriented developers called for more government aid, while in Washington, D.C., a Canadian firm entered the market with a significant real estate move. From mini-golf bars to the future of office spaces, here is Bisnow’s local week in review.
EDITOR’S NOTE: Parts of this story were generated by AI and have been reviewed by our editorial team for accuracy.
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Baltimore Developers Say City Should 'Think Boldly' To Spur Transit-Oriented Development Boom
Baltimore's developers are urging the government to provide additional support for transit-oriented development. They say that with proper backing, such as amended zoning and additional economic incentives, transit-oriented development can transform the city's landscape and economy. Read more
Canadian Firm Enters D.C. Market With $69M Apartment Deal
Spira Equity Partners, a Canadian firm, acquired the Lafayette Apartments in Alexandria for $69M, its first purchase in the D.C. area. This move comes after tenants protested rent hikes and conditions at the property. Read more
Upscale Mini-Golf Bar Closes 7 Months After Opening In Navy Yard
Swingers, an adult-only mini-golf bar near Nationals Park, has shut down just seven months after its launch. The closure was attributed to various location factors affecting its operations. Foot traffic in the area has declined along with the Washington Nationals’ performance. Read more
Rent Control Debate Fuels Uncertainty In Prince George’s County’s Multifamily Market
Prince George’s County is grappling with the future of rent control as its one-year program nears its end and the county continues to discuss a permanent plan. The ongoing uncertainty is causing hesitancy among investors. Read more
For Architects, Distressed Office Market Is Opportunity To Rethink The Building Of The Future
Architects are reimagining building designs to ensure they remain relevant in the future. With many office buildings facing vacancies, the focus is on creating flexible spaces that can adapt to various uses over time. Read more
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