Previous Page  40 / 68 Next Page
Information
Show Menu
Previous Page 40 / 68 Next Page
Page Background

The Shaw neighborhood sits immediately

south of the Howard University campus,

bound by Massachusetts Avenue NW to

the south, New Jersey Avenue NW to the

east, and 11th Street NW to the west. Shaw

takes its name from Robert Gould Shaw,

who led one of the first African-American

units to fight for the Union in the Civil War.

Through the early 1900s, Shaw was the

pre-Harlem center of African-American

intellectual and cultural life in the United

States. Following the assassination of Dr.

Martin Luther King in 1968, Shaw was one

of the many D.C. neighborhoods that

erupted in rioting. This was followed by a

period of economic decline that lasted until

about 2010. Shaw’s transformation since

then has been unprecedented.

Shaw’s Victorian row house architecture, its

central location, and D.C.’s millennial-driven

housing boom have driven the rejuvenation

of this neighborhood. In just a few short

years, new apartment and condo

complexes have risen in areas that long

stood as parking lots, auto-repair shops,

and vacant land. But this gentrification has

not been without controversy. While Shaw

remains one of the most racially diverse

Cool Streets in our survey, rents have

skyrocketed as this neighborhood’s

popularity has soared, pricing out many

long-time residents. A model of urban

decay just a few years ago, Shaw today is

home to a number of bustling retail

corridors and is considered one of the

District’s most vibrant neighborhoods for

dining, nightlife, music and the arts.

Shaw’s retail revival continues at full

throttle; recent retail arrivals include Warby

Parker, Kit and Ace, as well as many highly-

regarded local shops and brands. The

general range of asking rents for quality

street retail space here is $50 to $70 per sf

and rising. While this is a mature trade area

with virtually no undeveloped land,

redevelopment opportunities exist and the

influx of new residents continues unabated.

We are currently tracking over 1,100 new

multifamily units under construction in the

immediate vicinity and nearly 4,000

additional proposed units. One of the more

successful recent deliveries is the 310-unit

Atlantic Plumbing building. This mixed-use

project also features a retail component

anchored by Landmark Theatres as well as

a mix of boutiques and trendy eateries

ranging from fast casual to upscale. Expect

more projects like this in the future.

43.4%

Millennial Population

$117,035

Average

Household Income

Shaw:

Urban Revival, Supercharged