The DMV Stories You’ll Be Talking About This Week

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Bisnow/created with the assistance of DALL-E 2

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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