A resource for potential and current real estate investors.
Thursday, May 17, 2012
Should DC Raise Its Height Limit?
That question is being discussed by Mayor Gray and Darrell Issa, Chairman of the House Oversight and Government Reform Committee (http://tinyurl.com/6wlczuv). Evidently, the current height restrictions, 130 feet for commercial districts and 90 feet for residential districts are restricting developers from providing more office and residential construction. In turn this has lead to higher prices.
On the other hand, having a low density city with historical housing stock is what makes DC unique. We don't want DC to turn into Rosslyn or else it wouldn't be such a special place to live and work.
What's your thought? Preserve the status quo or let the market decide what the landscape of DC looks like?