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Too Many New Condo Buildings in The Greater Columbia Heights/U Street Area?

Too Many New Condo Buildings in The Greater Columbia Heights/U Street Area?

New Columbia Heights posted an article Monday saying that there is a new development project on the way at 14th and Florida in NW.  According to the post, the building will feature 30 condominiums as well as retail.

The project is yet another new construction to come to the Columbia Heights/U Street community and we want to know if you think that the area is becoming too densely populated with buildings like this one.

Thus, without any further ado, here's the poll:

Perseus Realty Getting Ready to Break Ground on Apartment Complex, YMCA at 14th and W

This story comes to us from Leslie Braunstein:

Perseus Realty, LLC (Perseus Realty) of Washington, D.C. and its joint venture partner Jefferson Apartment Group (JAG) of McLean, Virginia will begin construction shortly on a new mixed-use development at 14th and W Streets, N.W. in Washington, D.C. The approximately 300,000 square foot project will have 231 rental apartments, an all-new 44,000 square foot YMCA facility, and over 10,000 square feet of ground-level retail space.  With equity financing from Rockpoint Group, L.L.C. and a $53 million construction loan from Wells Fargo Bank, NA, the development team will begin demolition of the existing buildings in early December. The state-of-the-art YMCA and first apartments will deliver in summer of 2012, with the remaining apartments delivering by fall of 2012.