No end in sight for development boom

Published October 18, 2006 4:00am ET



There are 146 development projects and more than 25 million square feet of residential and commercial space under construction in the District, and the region’s growing job market will support billions more in investment in the coming years, said developers Tuesday.

“This is where the jobs are,” said Malcolm Van de Riet, a regional development manager with JPI. The Irving, Texas-based development firm has multiple projects under construction in the District, including several mixed-used projects around the forthcoming baseball stadium. “There are so many jobs here and still a shortage of housing. Those two dynamics really make it the placeto be.”

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