Street Life Develops Above Pedestrian Tunnels

8 November 2004 - 8:00am

Developer attempts to turn 1960s anti-urban office development into a trendy town center.

The developer, Charles E. Smith Commercial Realty L.P, has "replaced a two-story parking garage with a strip of street-level, high-end restaurants designed to draw office workers out from the underground. It replaced the cement sidewalk with a broader brick walkway and outdoor seating to encourage pedestrians to browse the new restaurants. And it has revised traffic patterns, turning one-way streets two-way to make it easier for potential customers to come and go.... Brokers argue that the project faces an uphill battle in becoming a regional destination."

Full Story: Crystal City Surfaces
Source: The Washington Post, November 8, 2004
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"