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Gentrification Watch

If you've got deep pockets, here's an opportunity to land a hot building in an even hotter neighborhood. Developer Four Points LLC has put its Progression Place development near the Shaw/Howard Metro on the market for $130 million. The building is expected to be completed in October with more than 200 apartments and 20,000 sq. feet of retail space and will complement Shaw's other big development, CityMarket at O. In a few years, after the arrival of the requisite boutiques, coffee shops, bistros, and other gentrification essentials, $130 million for Progression Place might seem like a steal. [WBJ]

--George Perkins

Progression Place

1805 7th Street NW, , Washington, , DC 20001