RLA (NE) and RLA (SW) Homes For Sale
RLA (NE) and RLA (SW) commonly refers to the development of certain sections of property in southeastern Washington, DC. Among the properties affected in the busy downtown area are eleven parcels of land, including 5th and K Streets, 14Th Street, Columbia Heights and other close by neighborhoods. RLA, also known as RLA Revitalization Corporation, is a subsidiary of the National Capital Revitalization Corp and is responsible for urban renewal and removing and restoring areas of blight. There have been some complex court cases dealing with the transfer of ownership and development of these parcels of land, due to tax liens and other monies owed, often involving murky and conflicting rules and statutes. Call District Partners at Compass today to learn more about RLA (NE) and RLA (SW) homes for sale.
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More About RLA (NE) and RLA (SW) Homes For Sale
Over time, as land rights and taxes and liens were sorted out, developers tore down blighted properties and built new large scale developments. Included were condos, co-ops, business, retail and mixed-use projects. There have been numerous other revitalization acts since the RLA first came into prominence. Southeastern areas currently going through a transformational process include the Navy Yard, Capitol Riverfront and 14th Street. RLA (NE) and RLA (SW) is often synonymous with development projects such as CityVista, a mixed-use development at the site of the Old Wax Museum at 5th and K Streets. The project offers condos and rental units above a Safeway, a Starbucks Coffee, a drycleaner, a bank and other retail use. About 20 percent of the residential units were set aside for affordable housing.
Like many properties assosciated with the DC renewal process, condos for sale in RLA neighborhoods come with a price tag. However, RLA lofts, condos, co-ops and apartments can often be less expensive than the city's more exclusive neighborhoods. For instance, a one-bedroom, 650 square foot unit at RLA (SW) at 240 M Street is currently listed at $237,499. This represents the low side of available units and is in one of the buildings from the early development phases. Governed by the Urban Renewal Plan, the RLA often acts in a middleman capacity using its oversight to assure that the needs of the community will be met and that developers are able to successfully see these important projects through to fruition.
The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.
Listing information last updated on April 18th, 2019 at 12:04pm EDT.