RLA Real Estate, Washington DC
RLA does not fit any typical Washington, DC neighborhood profile. In fact, this isn’t a neighborhood but a term referring to specific parcels of land. RLA (NE) and (SE) is an abbreviation for the government’s Redevelopment Land Agency which transferred its assets to the newly created RLA Revitalization Corporation in 2008. This legislative action also consolidated portions of the Anacostia Waterfront Initiative into the RLA body and also resulted in a number of homes for sale.
What does this mean in practical terms? RLA purchased 11 parcels of land spread out around the Southwest Waterfront, 14th Street, 5th and K Streets and other parts of the District. These were properties that were often tied up in messy tax liens and court cases. In some instances they are abandoned lots or shuttered factories and in other cases they are existing buildings, offering condos for sale or for rent. For more info about RLA real estate or other real estate on the Washington DC market, contact District Partners at Compass today at (202) 798-3600!
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More About RLA Real Estate & the Neighborhood
In the case of redevelopment projects, those will be sorted out and assigned over time through various contractors and bids. But there have been some intriguing condos for sale recently, including a 1794 Federal row house in the Southwest Waterfront, or units in more contemporary buildings such as an I.M. Pei-designed high-rise with river views. There is also no particular price tag associated with RLA homes for sale—the listings currently range from $150,000 to over a million dollars.
So forget any mention of what the nearby restaurants or businesses are—although the properties are generally found in the 20024 zip code which starts at the Anacostia River and runs north to the National Mall. Suffice to say that RLA real estate for sale is part of a larger overall mandate in Washington, DC to revitalize and improve the city and if that ends up helping specific buyers, then so much the better!