Real Estate Watch: City Paper Names Brookland 2013’s “Most Transformed Neighborhood”

Brookland Sign Monroe Street MarketLike it or not, no one can claim that our neighborhood isn’t changing rapidly. We learned this morning that Brookland won the City Paper’s Plexie Award for Most Transformed Neighborhood. The Monroe Street Market development, pictured above, is a big reason why. Here is the explanation behind the award:

It’s a hidden gem no longer. Brookland, with its quiet streets and gorgeous detached houses, was largely off of most Washingtonians’ radar, to the delight of residents who enjoyed its low housing prices and rents. Then came Monroe Street Market. The $200 million project, partly complete now, will include three buildings with more than 550 apartments, artist studios, a Barnes & Noble bookstore, a Busboys and Poets, and a restaurant from the owners of Meridian Pint—all on a formerly desolate patch of land right by the Brookland Metro station (technically on the Edgewood side of the tracks, but who’s nitpicking?). No wonder home prices in the neighborhood have already jumped, by various estimates, between 13 and 39 percent.

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