2007-01-04, 08:54

City Vista begins to take shape

By: Jonathan Groner
Construction is moving along very quickly at CityVista, a mixed-use development in a D.C. neighborhood that used to be viewed as shaky or an "urban frontier" and is now becoming downright fashionable. Those who haven't been in the city since the 1980s or whose visits are limited to downtown offices and hotels will be surprised to see that 5th and K Streets, N.W., will be the site of a residential and retail complex that features a Starbucks, a Safeway, a SunTrust bank branch, and a dry cleaners. The building also has a 26,000-square-foot gym.

"Ideal urban living means convenience," reads CityVista's Web site. The developers are gearing their pitch to young urban professionals who can afford the one- and two-bedroom condominiums. The $210 million public-private venture will open in phases, and the first units are expected to be open for occupancy in the spring of 2007.

My law firm, Womble Carlyle Sandridge & Rice, represented one of the lead lenders to the project, a subsidiary of Wachovia.

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