'The Future of Housing in Downtown DC'
“Mayor Muriel Bowser and the Office of the Deputy Mayor of Planning and Economic Development celebrated the future of housing in downtown DC at the conversion ceremony of the old Vanguard building into the new Elle Apartments. The Vanguard building opened in 1965 and, for years, was home to the Peace Corps. The conversion of the building marks a significant step in reimagining the downtown area as a more vibrant mixed-use community, where residents can live, work, and play.
Currently, 92% of the Central Business District is made up of commercial space versus just 8% for residential. The COVID-19 pandemic led to a number of high office vacancy rates due to remote work and hybrid work trends, creating a new opportunity for the District to convert vacant and underutilized office spaces into new buildings for residential and retail use, including affordable housing units.
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