As for the development going on, you got some good insight from the Brians. Additionally, look for a mixed use development of flats, condos and townhomes with light commercial space at Hume and Rosa Parks, Concept G at Garfield and 6th, and really high end townhomes on Hume at 6th (listed at $582,000).
The appeal of Werthan itself continues to be the TRUE loft nature of the development. The only other that could come close would be Neuhoff, when that gets built out. The addition of the pool, bocce courts, public outdoor spaces and eventually two light commercial spaces (plans are being worked out for coffee shop and ale house) will only enhance the appeal.
As for appreciation, I had an appraisal this year - our unit in Werthan appreciated 32% since 2006 and it is one of those with newer construction and very little brick (ok, it is a penthouse and it does ROCK...but still, very little brick.) Alright, I may be a little biased, but if you ever want to meet the neighbors, just call and I'll be happy to give you the tour. You can see for yourself how really diverse and special this area has become.
And one last thing, we knew the neighborhood had made it when the Kroger started selling pate'.
Thanks for the answers! I recently moved here and appreciate the information. Are you aware of any other future development in the Germantown area. I'm not looking for other places to look to buy, but am curious about future improvements to the neighborhood in general. I heard something about a Museum of African American Music Art and Culture going in near the Farmers Market. Is this project going to happen? I think it would be great for that area. Thanks again.
Hope this helps.
When I drove through this neighborhood in 1996, it was simply scary. No other way to put it...scary. Now, festivals like OctoberFest are commonplace with families, partygoers and almost any other type of person showing up. It's definitely far from where it was 10 years ago. As in many urban cores, there are areas that are perceived as rough due to poor sign ordinances, unrestored buildings and mixed-use/industrial buildings. "Rough" is all in the opinion of the resident. I love the area!