DC WASHINGTON DC
JE JOHN ERIC R E A L E S TAT E
速
Welcome to Washington DC!
歡迎來到華盛頓！ 欢迎来到华盛顿！
워싱턴 DC에 오신 걸 환영합니다! ยินดีต้อนรับสู่วอชิงตัน ดี.ซี.! Chào mừng đến với Washington DC!
Malugod kayong tinatanggap sa Washington DC!
ワシントンD.C. へようこそ！
WELCOME
Welcome to Washington DC It’s truly hard to describe to people who’ve not been to Washington, DC, just how beautiful this city is and what an exceptional place it is to live and work. And although there are plenty of jokes about living inside the beltway and how out of touch Washington is with respect to other parts of the country, nothing could be further from the truth. Washington is America and the inhabitants of this amazing city are from America’s fifty states and its territories. As the Nation’s Capital, we benefit from a diverse and multi-cultural population which includes residents from other countries who also make Washington home and add to the city’s vitality and charm. Washington’s prominence on the world stage is well known. From the White House to Congress to every agency in between, Washington is about government. To conclude that Washington’s story ends there would create an incomplete image of the city. Washington is also home to the museums and galleries that contain many of our national treasures and allows free public access each and every day. It’s one of the world’s few capitals to do so. The expansiveness of the National Mall with its abundance of monuments and memorials allows everyone to personally experience our nation’s history. These unique places in Washington allow all of us to pay tribute to those who built and served this amazing country that we are so lucky to call home. This can truly happen only in Washington. The Washington Metropolitan area is also well known for its thriving high-tech and bio-tech communities. We are also prominent in the fields of telecommunications, banking and new business start-ups. Washington has a pulse and beat way beyond government. Combined, all of these areas make up a diverse and dynamic place to call home. My story with Washington began 27 years ago when I arrived from California to attend college. I decided to stay after school and began to build a new life. I feel privileged to call Washington, DC my home and proudly call myself a Washingtonian. In my years in Washington, the changes have been stunning and dramatic. The re-gentrification of Washington’s neighborhoods has completely transformed the city and ushered in thousands of new businesses and residents. The restaurants, shops, theatre and culture are truly hard to beat. As one of the most important cities on the planet, you become a witness to history. It’s truly amazing to see the President’s motorcade drive by or his helicopters fly overhead on their way to Andrews or Camp David. Equally exciting are the many celebrations that take place for the myriad of events on the National Mall. If you are interested in finding a home in Washington, allow me to assist. Your decision to call Washington home is an exceptional one and you will not regret it. As one of Washington’s top realtors, it would be my honor and pleasure to assist you in the search for your new residence in this dynamic city. Best,
John Eric John Eric
Photo courtesy of J David Ake
拨打电话是一个非凡的正确的决定，你会不会后悔 撥打電話是一個非凡正確的決定，您一定不會後悔
Bilang kapitolyo ng bansa, nakikinabang tayo mula magkakaiba at maramihang kultura na populasyon.
ความโดดเด่นของวอชิงตันในเวทีโลกเป็น ที่รู้จักกันเป็นอย่างดี
워싱톤 대도시 권은 첨단 기술 커뮤니티가 있는 곳으로도 유명합니다. Trong những năm tôi sống ở Washington, những thay đổi và biến đổi của cuộc sống tại đó thật choáng váng.
レストラン、ショップ、劇場、文化に関しては右に 出るものはありません。
IT ONLY TAKES A SHORT PERIOD OF TIME FOR A NEW RESIDENT OF THE DISTRICT OF COLUMBIA TO ENCOUNTER THE NAME PIERRE L’ENFANT.
Many Washingtonians bandy about his name as if they knew him from way back when. But, how much do we really know about Pierre L’Enfant? Pierre Charles L’Enfant was born on August 9, 1754, in Anet, Eune et Loire to an aristocratic family. L’Enfant studied at the Royal Academy of the Louvre until making his way to America at the age of 22, after being recruited by Pierre Agustin Caron de Beaumarchais to join the American army during the Revolutionary War. L’Enfant served with George Washington at Valley Forge and befriended the first President. It was George Washington that confirmed L’Enfant’s appointment as the architect of the America’s nascent capital. The architect arrived in Georgetown on March 9, 1791, and began his work from the Suter’s Fountain Inn. He drafted a plan that would be both unique and practical, utilizing undeveloped land to create a system of streets and parks meant to distinguish this capital from all others. L’Enfant’s plan featured ceremonial spaces and grand radial patterns of avenues, while highlighting the natural contours of
the land. Underneath this pattern, a traditional grid-like design would provide functionality to the city’s new citizens. Together, they created a spectacular array of architectural planning. L’Enfant designated the two most important sites of the city to be the placements of the Congress and the Executive Mansion. The “Congress House” would be erected on Jenkins Hill and the “President’s House” located on a ridge parallel to the Potomac River. From these, he specified that the avenues should radiate outwards. These grand avenues would be named after the newly created states. Connecticut, Delaware, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Georgia, Rhode Island, South Carolina, Tennessee, Vermont and Virginia would be the first avenues of the new capital. On his plan, L’Enfant shaded and numbered fifteen large, open spaces. These spaces were found at the intersections of the grand avenues and would feature statues and memorials to honor citizens. Among those to be featured were McPherson Square, Farragut Square, Washington Circle, Dupont Circle, Logan Circle, Scott Circle and Pershing Park. One of the only aspects of the original plan that failed was the site of what is now the National Mall. Originally, L’Enfant had envisioned the area as a “grand avenue,” not a park. He laid out a 400 foot-wide, garden-lined avenue, that would be 1 mile long and run on an east-west axis. Pennsylvania Avenue took the place of this “grand avenue” and the National Mall filled its stead. L’Enfant’s insistence that his city design be realized as a whole
brought him into conflict with city commissioners, who wanted to direct the limited funds into the construction of federal buildings. After being relieved of his work, L’Enfant left Washington. He served as a professor of engineering at West Point from 1813-1817 and worked on small projects. On June 14, 1825, L’Enfant died nearly penniless and was buried at the Green Hill farm in Chillum, Prince George’s County, Maryland. At the instigation of Jean Jules Jusserand, a French ambassador to the United States, L’Enfant’s adopted nation recognized his contributions. In 1909, after lying in state in the Capitol rotunda, L’Enfant’s remains were re-interred at Arlington National Cemetery, on a hill overlooking the city that he had designed. Since then, many honors have been made in his name. In 1942, a Liberty Ship named the SS Pierre L’Enfant was launched. L’Enfant Plaza was dedicated in Washington in 1968. In 2003, L’Enfant’s plan for Washington was commemorated on a United States Postal Service postage stamp. The Government of the District of Columbia has commissioned a statue of L’Enfant, which is meant for the National Statuary Hall Collection in the Capitol Building. And, since 2005, the National Building Museum has held an annual “L’Enfant Lecture on City Planning and Design” to draw attention to critical issues in city. The name of Pierre L’Enfant daily rings through this city. His contributions, not only to the District of Columbia but to the United States, will be honored and remembered forever.
METRO The region’s Metro services millions of locals and tourists and extends beyond the Beltway. Residents who live in Alexandria, Arlington, Reston, Bethesda, Chevy Chase and Rockville have an easy commute into the city. Metro Center and its neighboring station Gallery Place provide easy access to five of the six subway lines. The newly opened Silver Line will bring an estimated 20 real estate development projects near its five stations, and is sure to become a hot spot in the region’s landscape.
Hàng triệu dịch vụ Xe điện ngầm của vùng dành cho người dân địa phương và khách du lịch đã mở rộng vượt ra ngoài Beltway.
メトロセンターおよび隣接のギャラリー・プレイスか ら6本の地下鉄路線の内の5本に簡単にアクセスでき ます。
BIKE
Another convenient mode of transportation found throughout the area is The Capital Bike Share program. It offers thousands of bikes at over 300 stations located conveniently throughout Washington, Arlington, Virginia and Montgomery County, Maryland.
另一项在该区域随处可见的便捷交通工具模式是首都自 行车共享项目。
워싱턴 메트로 지역 주위를 가는 방법은 여러가지가 있습니다. 도보, 자전거 또는 메트로로 이동하든지 상관없이, 모두 쉽고 편리합니다.
The Washington area is home to some of the most beautiful neighborhoods in the United States. Not only that, it is the top walkable urban area in the country. In June, 2014, researchers at the George Washington University released a study confirming that Washington walks. The walk score of many areas in Washington DC is an impressive 98. Walking to work, running errands or meeting up with friends for an evening out -- in Washington social activities can be enjoyed with or without a car.
WALKIN 在華盛頓特區許多地區步行得分高居98, 令人印象深刻。
พื้นที่แถบวอชิงตันเป็นบ้านของหลายชุมชนที่สวย ที่สุดในสหรัฐอเมริกา ไม่เพียงเท่านั้น มันยังเป็น พื้นที่ในเมืองที่เดินได้อันดับต้น ๆ ของประเทศ.
Sources: www.walkscore.com -- Capital Bike Share www.planitmetro.com
METRO LEGEND RD
Red Line • Glenmont to Shady Grove
OR
Orange Line • Newcarrolton to Vienna
BL
Blue Line • Franconia-Springfield to Largo Town Center
GR
Green Line • Branch Ave. to Greenbelt
YL
Yellow Line • Huntington to Fort Totten
SV
Silver Line • Dulles Corridor Line
GIVING YOU MORE OF WHAT YOU WANT. Every issue of John Eric Home magazine brings you inspiration, imagination and information to help you live the lifestyle that you deserve. Visit our digital edition at johneric.com where you will find everything you want and need to know.
Every month, Buzzletter provides Washingtonians, and those who enjoy keeping up on the region’s news, a quick rundown on Washington buzz. Whether it is the hottest properties on the market, a fantastic restaurant review or an insightful feature covering life in the Washington area, be sure to read all about it in Buzzletter.
Visit johneric.com for the most current issue.
JE JOHN ERIC R E A L E S TAT E
ÂŽ
DC Rising: Up,
Up and
Away….
The DC Regions is growing up! by John Eric | Vice President of TTR | Sotheby’s International Realty Central Place Residential Tower Photo Provided by JBG
The Washington, DC Metropolitan Region building boom continues. And, unless you’ve been asleep, it’s hard to miss all the building cranes dotting the skyline in DC, Arlington, Bethesda, Tysons and so many other areas. DC has suffered from the same problem that Los Angeles suffered from early on, the city grew out before it grew up. So first off, let me come clean, I’m a skyscraper fan, always have been and always will be. So, living in DC gives me a height complex. Whether you like it or not, change is coming and I for one, couldn’t be happier. Our area has some amazing architecture in the classic buildings that shape and form our city. However, most of K Street and other business corridors in DC have always suffered
from boring buildings and big boxy structures. I’ve never understood why world capitals that are considerably older than DC, like London, Paris, Berlin, and Beijing, can welcome and embrace change and we can’t. These cities struggle with population density issues just like us and look for the best ways to maximize density. These cities are not afraid to mix the old with the new to create dynamic structures that live right next door to hundred year old ones. London welcomed the tallest building in the Europe Union in 2012 with The Shard. The Shard stands an impressive 87 stories and doesn’t compete with the skyline of London, it enhances it. I visited The Shard last October and WOW! It is truly stunning and
The Shard
has fostered a new building boom in London. So, while we don’t have buildings that tall yet, we are about to see an explosion of ever increasingly tall buildings in our region. It’s nice to see our area and the regional governments embrace DC’s ability to grow up. Here are few of the buildings coming to our region:
Capital One Tower Photo Provided by Capital One
.
Capital One Tower Tysons Corner | Mclean Height: 470 Feet | 26 Floors Status: Approved
1812 North Moore Street Rosslyn | North Arlington Height: 390 Feet | 35 Floors Status: Completed Ranking: The current tallest building in Metropolitan Washington, DC
Central Place Residential Tower Rosslyn | North Arlington Height: 470 Feet | 31 Floors Status: Construction Started Completion of Phase 1 -2017 Development will include a 35 Floor Office Tower
1812 North Moore Street Photo Provided by Monday Properties
FOR¤IGN INVESTMENT DC, Open for Business by John Eric | Vice President of TTR | Sotheby’s International Realty
Washington Harbour
1200 nineteenth Street
Foreign Investment, every city around the world wants it, but very few actually get it. When you think of foreign investment cities, a few names quickly come to mind: New York, London, Dubai and Hong Kong. However, the pieces on the chessboard have started to move. The Washington, DC Metropolitan region has entered the competition and has started to lure big bucks into the city. The Qatar government’s real estate investment arm recently invested $650 million dollars into City Center DC, the billion dollar mixed used development on the former site of the old DC convention center. It’s more than fair to say that without those funds, the City Center DC would still be on the drawing board waiting to be built. This was the very first investment into the DC Real Estate market by Qatar. The Washington Metropolitan area now ranks 4th in foreign investment in the US according to the Association of Foreign Investors in Real Estate. One of the lures of investment into the area is the obvious, Washington’s prominence on the world stage, home of the US Government and our thriving high-tech and biotech communities. The Washington area is affluent, educated and worldly. The most recent economic downturn that affected the entire globe also shinned light on the resilience of the Washington region’s real estate market. By and large, our region withstood the pounding to the economy that so many cities like New York, Los Angeles and Miami experienced. Our local economy told the world and foreign investors one thing, an investment in the DC area is a smart one, and we offer a unique opportunity that is safe. Let’s be clear, foreign investors look for a great return and a safe
investment; our region proved we offer both. The character and pace of our region has changed dramatically over the past two decades and Washington’s old description of a sleepy town is gone. In its place is a dynamic, ever- changing city with a new pulse of hip, stately and exceptional places to live, work and play. The Washington region is open for business. Investors from South Korean, China, the Middle East, Europe and Canada have taken notice. According to Jones Lang LaSalle, more than $2.6 billion in commercial real estate was purchased by foreign investment capital in 2013. Some notable deals were: Fosterlane Management’s (backed by Kuwait Investment Authority) purchase of 1200 9th Street NW for $296 million, Principal Real Estate Investors’, a consortium of South Korean investors, purchase of Washington Harbour for $370 million and Israel Hetz Properties and Investment investing $330 million in Carr Properties. The world has taken notice of our region and one thing is very clear, the Washington Metropolitan region is “Right for Foreign Investment and Open for business.”
901 K Street. Carr Properties
DC RIGHT AT YOUR FINGERTIPS The John Eric Group’s website provides up-to-the-minute information on John Eric properties and a whole lot more. All of the group’s current and past property listings are available to view. Select properties are highlighted on the website and Buyers Guides for both Washington, DC and Arlington, Virginia, are accessible. Of course, all information regarding the John Eric Group is at your fingertips too. Featured on the site is Washington area news, the John Eric blog, and the portal for John Eric Home. It is, also, the place to find the Community Spotlight page, which highlights a different neighborhood in the Washington area each week. Make sure to follow the John Eric Group’s website (www.johneric.com) and facebook news feed (John Eric Real Estate TTR Sotheby’s International Realty) to maximize your knowledge of the Washington market.
JE JOHN ERIC R E A L E S TAT E
®
REALESTATESAVY SOME THINGS FOR FOREIGN NATIONALS TO KNOW WHEN BUYING/OWNING/SELLING A HOME COSTS ASSOCIATED WITH PURCHASING/OWNING REAL ESTATE: Costs*
Virginia
Maryland
DC
Recordation/Transfer Tax (Paid when purchasing real property)
.333% of the purchase price (and loan amount, if any)
.5% of the purchase price for State transfer tax.
1.1% of the purchase price for transaction less than $400,000.00. 1.45% of the purchase price for transaction $400,000.00 or more.
Deed Recording Fee
$43.00
$40.00
$31.50
Mortgage (Deed of Trust) Recoding Fee
$56.00
$40.00
$156.50
Annual Real Estate Taxes
Varies by County (approximately 1% of tax assessed value)
Varies by County (approximately 1.2% of tax assessed value)
.85% for most residential property
*This information is deemed reliable but not guaranteed, and is subject to change. There are additional costs in all jurisdictions for settlement fees, title insurance, and loan related charges if a mortgage is obtained. Information provided by RGS, Arlington, VA
How real property is owned in the United States
In general, real estate in the United States is owned in as a Freehold Estate, as opposed to a Leasehold Estate or tenancy. This type of ownership may differ from what some foreign buyers are used to in their country of origin or other countries in which they have purchased property. A Freehold Estate is, basically, an ownership interest in real property that has no fixed duration of ownership. It lasts until the property is sold or otherwise transferred.
Foreign Investment Real Property Tax Act (FIRPTA)
When a non-resident alien (someone who is not a U.S. Citizen or Permanent Lawful Resident (Green Card holder)) sells real estate in the United States, the IRS requires that 10% of the sale price be withheld at settlement and paid to the IRS. These funds may be recovered by the seller, and in some instances the withholding requirement may be avoided if the IRS issues an exemption letter to the seller prior to the sale. It is best to discuss this with your tax accountant or attorney well in advance of selling your property so that proper steps may be taken within sufficient time.
BEAUTIFUL HOMES Atlantic Plumbing Lofts | Logan Circle Washington, DC Units: 62 Pricing: $300,000 to $1.9 million
2030 8th Street at Atlantic Plumbing features 62 unique residences with over 9-foot ceilings, expansive windows offering unparalleled views of the city and a highly appointed rooftop terrace. Customized interior finishes pay homage to the industrial DNA of the original Atlantic Plumbing Supply building and reflect the neighborhood’s position at the center of the arts, entertainment, and cultural landscape. Amenities: • Full-service concierge • A resident lounge with communal kitchen and bar • Fitness center • Reserved garage parking for residents
Gas Light Lofts | Rosslyn North Arlington
Units: 117 Unit sizes: 1,100 - 1,900 sq. ft. Pricing: $695,000 - $1.5 million Gaslight Square is an innovative condominium development that brings together the best features of Abdo’s award-winning residences over the last 15 years, including direct access elevators and double-height ceilings. Inside and out, each residence features Abdo’s signature Elegance with an Edge™ style, blending classic architecture with contemporary details. Amenities: • Private elevators • 19-foot ceilings for some units, • Outdoor spaces, • Electric car charging stations
The Lauren |Bethesda Maryland
CityCenter | Washington, DC
Ideally situated on the western edge of Woodmont Avenue between Hampden Lane and Montgomery Lane, The Lauren offers a rare opportunity to enjoy an uncommonly quiet and peaceful location while still being in the heart of Bethesda. Outside your door, you can enjoy the restaurants of Bethesda Row, the eclectic shops along Bethesda Avenue, Wisconsin Avenue, and the Woodmont Triangle and, you are only steps away from the Crescent Trail. The Lauren will be a boutique property with only 29 residences available and will feature iconic architecture and an unsurpassed level of customer attention and concierge services designed to anticipate your every request. The location, the lifestyle and the fit and finish are unlike anything else in Bethesda. Residences The Lauren will be a one-of-a-kind luxury residential condominium built for the most discerning buyer. Floor plans ranging from 1,444 sq. ft. to more than 6,000 sq. ft. will reflect the quality one would expect at this level of residence. Amenities: • Direct access elevators • Nine and ten-foot ceilings • Private roof top terraces for select units • Home Automation System featuring iPad control of your thermostat, electronic equipment, shades, and more • High-end fixture/appliance packages included standard • Vented fireplaces • Grand two-story lobby • Expansive open floor plans • Private wine storage
The Residences at CityCenter bring the ease and sophistication of modern city living to the heart of Downtown Washington. Designed by internationally renowned architecture firm Foster + Partners, its 216 condominiums provide homes with open layouts where light, air and outdoor spaces are fundamental. The Residences feature signature hallmarks of Foster + Partners’ design including light-filled modern interiors, natural colored materials and collaborations with quality manufacturers for custom designs. Every residence is crafted with high quality, custom details and environmentally responsible materials that offer thoughtful living in a modern environment. Amenities: • Concierge • 24-Hour security • Parking • Key fob access • Storage • Fitness center • Yoga studio • Two roof parks • Outdoor kitchens • Outdoor dining room • Lounge • Wine storage • Bar lounge • Dining room • Catering kitchen • Executive board room • Guest suite • Spa treatment room • Landscaped terrace
Units: 29 Pricing: 1 Million – 6 Million Unit Sizes: 1,444 to 6000 sq. ft.
No. of units: 216 Unit sizes: 675 - 2,675 sq. ft. Pricing $700K - $5,000,000 USD RESIDENTIAL LIVING AT CITYCENTER
Quarry Springs | Bethesda
No. of units: 97 Unit sizes: 2200 – 4,500 sq. ft. Pricing $700K - $3,000,000 USD Condominiums that make a true estate-ment Homeowners accustomed to the spaciousness and elegance of an estate home will immediately feel at home at Quarry Springs. Ten-foot ceilings, crown molding, hardwood flooring, open layouts and climate-controlled storage areas are standard. Other amenities include garage-to-foyer private elevators, real hearth-stone fireplaces and spacious terraces overlooking elegantly sculpted common areas, waterfall and lawns. Floor plans range from 2,200 to over 4,500 square feet. Amenities: • Clubhouse • Fitness center/yoga studio • Spa • Outdoor pool • Lawn & grounds • Monitored access • Concierge services
DC FUN FAC T S
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When it was completed in 1884, the Washington Monument was the tallest structure in the world. It was soon passed by the Eiffel Tower, and numerous other buildings have eclipsed it since then.
The Forest Glen Metro station is 21 stories deep. So deep, that an escalator link to the mezzanine could not be built. Instead, a bank of six elevators provides the only exit from the platform level.
Surprisingly, the MLK Memorial was made in China. Chinese sculptor Lei Yixin was in charge of the project and made King’s image out of 159 pieces of pink Chinese granite.
Gallaudet University began the tradition of the football huddle in the 1890’s, in order to conceal their signed plays from the opposing team.
อนุสาวรีย์ วอชิงตันเคยเป็น สิ่งปลูกสร้างที่ สูงที่สุดในโลก ณ วันที่ก่อสร้าง แล้วเสร็จในปี พ.ศ. 2427 แต่ไม่ นานนักมันก็ถูก แซงหน้าด้วยหอไอ เฟล และนับตั้งแต่ นั้นมา สิ่งปลูก สร้างอื่น ๆ อีก มากมายก็ได้ แทนที่ตำ�แหน่ง ของมัน
포레스트 글렌 지하철역은 21 층 깊이입니다. 너무 깊어서 중간 층으로 가는 에스컬레이터를 설치할 수 없었습니다. 승강장 층에서 나오는 유일한 출구는 엘리베이터 6 대입니다.
意外的是，马丁路德 金纪念碑是在中国制 造的。中国雕塑家 雷宜锌负责了这个项 目，并且用159块粉 红中国花岗岩做出了 金的形象。
為了不讓對方球隊看 到本球隊的戰術手 勢，高立德大學在 19 世紀 90 年代開 始了足球抱團的傳統
5 On March 29, 1961 residents of Washington were given the right to vote in presidential elections. Noong Marso 29, 1961 ang mga residente ng Washington ay binigyan ng karapatan na bumoto para sa halalan ng pangulo.
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More wine is consumed per person in Washington, DC than any state in the United States.
Washington,DC’s geographic center is located at 4th and L Streets, NW.
DC averages 39 inches of rainfall a year—more than Seattle.
盛頓區的地理中心位 於市區西北部第4和L 街交岔口。
DC có lượng mưa trung bình hằng năm là 39 inch, cao hơn Seattle.
ワシントン D.C.は、1人当たり のワイン消費量がア メリカの中で最も多 い州です。
9 Millard Fillmore was the first President to have a running water and a working stove in the White House.
Photo courtesy of J David Ake
CHINA'S, MASTER LEI YIXIN'S
STONE OF HOPE MARTIN LUTHER KING JR. MEMORIAL
Lei Yixin, a native of Hunan, China, sculpted one of the most profound memorials in Washington, D.C., the Martin Luther King Jr. Memorial. Born into a family of scholars from Changsha, Mr. Lei was sent to the countryside during the Cultural Revolution. To develop a skill aside from farming, he began to draw. His diary became a scrapbook full of images that he submitted as his portfolio when applying to college. Because of these drawings, he became one of the first students after the Cultural Revolution to attend art school from which he graduated in 1982. Lei, recognized as a master sculptor, has sculpted over 150 public monuments in China. Many of his works are in China's National Art Gallery collection. But, it was his work in St. Paul that garnered attention in the United States. In 2006, Public Art St. Paul, a nonprofit arts advocacy group, held a "Minnesota Rocks!" sculpting competition that drew sculptors from around the world. Using native stone, the artists created sculptures in an outdoor studio which, when finished, were placed in public locations around town. Among the sculptors was Lei Yixin. Ed Jackson, executive architect of the MLK Foundation, was immediately impressed by Lei's sculpture "Contemplation" from the symposium. So impressed that Lei was named head sculptor for the "Stone of Hope" at the national memorial. The Stone of Hope was carved by Lei in China and then taken apart into 158 pieces, like a giant jigsaw puzzle. It was then transported by ship and brought to the National Mall, where it was reassembled. The completed work, a 30 feet tall statue, was unveiled in August 2011, to mark the 48th anniversary of Martin Luther King Junior’s “I Have a Dream” speech.
LONG GONE ARE THE DAYS OF WASHINGTON, DC AS THE MODEL OF MONOTONOUS LIVING. THE CITY IS ALIVE WITH A CULTURE THAT IS BECOMING WORLD-RENOWNED. Local theaters such as Source and venerable theaters such as The Kennedy Center host nightly performances that pack audiences. The Fringe Festival, held every summer, draws thousands of spectators interested in indy theater while the Shakespeare Company performs its annual Free-For-All each August. But, it isn’t just theater that draws the crowds. Music choices are abundant too. Top 40 pop artists entertain at the Verizon Center, the classical notes of the National Symphony Orchestra inspire at the Kennedy Center and smoky jazz singers are found at clubs throughout the city. Art rages on the cultural scene as well. Of course, Washington is home to some of the best museums and galleries in the world. But, it is also home to a great number of small private galleries, such as Gallery Plan B, and smaller museums with amazing collections such as The Phillips Collection.
And, we can’t forget the Foodie set. Calling all Foodies! Washington’s culinary scene has exploded. It is now home to more Michelin Star chefs then at any other time. The days of restrictive dining choices left Washington decades ago. Now, choosing a five-star restaurant that offers amazing food is easy and convenient. And, many restaurants deliver to your home! For those more sports minded, the Washington area is home to six professional sports teams. It is impossible to ever be bored. The Nationals (baseball), Redskins (football), Capitals (hockey), Wizards (basketball), Mystics (women’s basketball) and United (soccer) all have legions of Washingtonians supporting their teams. Part of Washington’s charm is its status as an international, cosmopolitan city. The area has long been a magnet for people from other countries, but never more so than today. More than 1 in 5 residents of the metropolitan area were born outside the US. 30% of Montgomery County, MD and 29% of Fairfax County, VA residents are foreignborn. Many embassies host events for the public and many Washingtonians respond. Washingtonians enjoy everything from theater to restaurants, from festivals to international events. The culture of the city is ever expanding and definitely one to enjoy.
Washington, DC is within a few hour’s drive from several casinos and gambling destinations. You don’t have to drive 3.5 hours to Atlantic City to enjoy the excitement of playing slots and blackjack or betting on horse races. Whether you prefer to take a day trip or an extended getaway, you can find a variety of casinos and gambling venues near Washington, DC.
Maryland Live! Casino at Arundel Mills Arundel Mills, MD. Opened in June 2012, located between Baltimore and Washington, DC. The largest gaming facility in Maryland features 4,750 slot and electric table games, including black jack, roulette, craps and poker, as well as several upscale dining establishments and an intimate live music venue. MGM Casino at National Harbor National Harbor, MD. The resort casino will soon be built at this prime location along the Potomac River in Prince George’s County, near Washington, DC and Old Town Alexandria. The resort will include a casino with 3,600 slots, 140 table games, including poker, a 300‐suite, 4.5‐star quality hotel with luxury spa and rooftop pool, high-end branded retail, fine and casual dining, a dedicated 1,200-seat theater venue, and 35,000 square feet of meeting and event space.
Hollywood Casino at Charles Town Races Charles Town, WV. Located about an hour and a half from Washington, DC, the world-class gambling and entertainment venue is one of the fastest growing destinations in the region. The facility features more than 5,000 slot machines, 85 table games, including Blackjack, Craps, Roulette, live poker, MiniBaccarat and Pai Gow Poker, live and simulcast horse racing, live entertainment and a variety of dining options. Pimlico Race Course Baltimore, MD. Opened in 1870, Pimlico is the country’s second oldest racetrack and serves as the annual host of the Preakness Stakes, the second leg in thoroughbred racing’s Triple Crown and one of the premiere sporting events in the United States. Pimlico features a one-mile oval track, a 7/8-mile turf course and fixed seating for approximately 15,000 spectators. Rosecroft Raceway Fort Washington, MD. The 5/8-mile racetrack, located near Washington, DC, offers live harness racing yearround. The raceway is open seven days a week.
WASHINGTON BEYOND THE OBVIOUS While many associate Washington with government and politics – both national and international – the area is, also, home to a diverse number of Fortune 500 companies. These corporations illustrate the diversity and the importance of the Washington region. The following companies are all headquartered throughout the District, Northern Virginia and suburban Maryland:
THE DISTRICT: Fannie Mae Danaher Corp. Pepco Holdings MARYLAND: Lockheed Martin Marriott International Coventry Health Care Catalyst Health Solutions Discovery Network Host Hotels & Resorts NORTHERN VIRGINIA: Freddie Mac General Dynamics Northrop Grumman Capital One Financial AES Corp. Computer Sciences Corp. SAIC Hilton International NII Holdings ITT Exelis Booz Allen Hamilton Holding Gannett Co. Inc. Alliant Techsystems (Source: Washington Business Journal)
In addition, dozens of up-and-coming companies are basing their corporate headquarters in the Washington, DC area. The metropolitan area is quickly becoming the region in which to do business. THE DISTRICT: LivingSocial/Revenue: $536 million Sol Systems/Revenue: $9.1 million DC MARYLAND: NSR Solutions/Revenue: $10.1 million DSFederal/Revenue: $9.4 million VIRGINIA: FederalConference.com/Revenue $49.6 million OBXtek/Revenue: $29.6 million Celerity Ventures/Revenue: $15.8 million VA Source: 2013 Inc. 5000
70%
In Arlington, over 70% of adults have bachelor’s degrees or higher
40%
Almost 40% have earned graduate or professional degrees
According to US News and World report’s ranking of the top 150 High Schools in the country, 10 are located here in the Washington, DC area, which is not a surprise, considering some of the nation’s best universities are also located nearby. From Georgetown University to Johns Hopkins, and the University of
1st
Virginia to George Washington University, the Washington, DC area offers some Maryland – placed 1st in the Forbes list of America’s most educated small towns
of the very best education opportunities in the country.
But, it is not just the schools of the metropolitan area that are “smart” –
residents throughout the region are educated as well. In fact, Washington is one of the most highly educated metropolitan areas in the world.
EDUCATION
In Arlington, over 70% of adults have bachelor’s degrees or higher and
almost 40% have earned graduate or professional degrees. And, Arlington’s neighbor to the north – Bethesda, Maryland – placed 1st in the Forbes list of America’s most educated small towns. Bethesda also placed first on CNNMoney. com’s list of top-earning American towns in 2012.
Education and educational opportunities are important to those who reside in
the Washington, DC area. And, there is no shortage of choices for those who live here.
REALESTATESAVY INVESTING IN WASHINGTON AREA REAL ESTATE
When the national housing market spiraled downward during the recession, DC’s market held firm and then quickly resumed its growth pattern. The Washington area is considered safe not only for Americans but for international investors as well. While currencies shift and companies go bankrupt, the real estate market in the American capital remains the safest investment to many global financiers. The Washington area is one of the top markets for foreign investment due to the region’s entry point to the US market, its international assets and its residential charms. The District is the only U.S. city that can claim 176 embassies and international organizations such as the World Bank, the International Monetary Fund and the Pan American Health Organization. Washington is in a unique position for foreign investors who seek a US presence and high return on investments due to its access to so many international entities within the city. The Washington Metropolitan area now ranks 4th in foreign investment in the US according to the Association of Foreign Investors in Real Estate. And, according to Jones Lang LaSalle, more than $2.6 billion in commercial real estate was purchased by foreign investment capital in 2013. The real estate investment arm of the Qatar government recently invested $650 million dollars into City Center DC, a billion dollar mixed used development site. At the ribbon-cutting for the new Marriott Marquis hotel, Mayor of the District of Columbia, Vincent Gray, gave a nod to the Chinese, who were major investors, and suggested that growth would be sure to continue by announcing the first direct flights on Air China between D.C. and Beijing would begin that day. According to the house sales website Trulia, Asian investors are snapping up US real estate. They view the U.S. real estate market as relatively cheap and the federal government as relatively stable. While Asian investors have always been interested in US real estate, the recent increase in wealth among Asian countries has made it even more common for people to buy US property. From commercial to residential real estate, the world is recognizing both the potential and the savvy of investing in Washington area real estate.
JOHN ERIC John Eric is the Founder and Principal of the John Eric Companies
impressive sales numbers. Prior to joining Washington Fine Properties,
which includes John Eric Real Estate, John Eric Properties and John
The John Eric Group was formerly affiliated with and sold under the
Eric “The Brand”. John Eric is a licensed real estate agent in Virginia,
Long and Foster Brokerage firm from 2004 to 2009. During this time,
Washington, DC and Maryland. John Eric and his group have
they established themselves as real estate market leaders assisting
achieved sales in excess of 300 Million to date. He and the John
buyers and sellers in Arlington, Mclean and the other Northern
Eric Real Estate Group have been working under the TTR Sotheby’s
Virginia markets.
International Realty Brokerage since 2013. John Eric and his group have expanded their sales territory from primarily Northern Virginia
Prior to becoming a full time real estate agent in 2003, John Eric
and DC to all three jurisdictions in the Washington, DC Metro area.
worked in the worlds of print, radio and television advertising, media, marketing and politics. John Eric has been featured in Washingtonian
John Eric and his team have established new standards for marketing,
Magazine, Capitol File Magazine, The Washington Post, Washington
advertising, customer service and sales success in the local real estate
Life and other local publications.
market. His exceptional marketing has been singled out by clients and fellow realtors as truly being some of the finest in the real estate
John Eric is originally from California but considers himself a proud
industry. From private industry to government to The White House,
Washingtonian, having lived in the Washington, DC area for the
John Eric and his group have worked with a number of the area’s
last 26 years. He came here to attend college and decided to stay
CEO’s, business executives and political leaders of both sides of the
after graduation. John Eric and his group are extensively involved
aisle. While specializing in upper bracket properties, John Eric and
in assisting local charities and educational groups throughout the
his group work in all price point ranges to assist all buyers and sellers.
Washington, DC Metropolitan area. John Eric and his group are proud to support the River School, Kinderhaven School, The Point
John Eric and his group were most recently affiliated with Washington
Foundation, DC Central Kitchen, Food & Friends, the Animal Welfare
Fine Properties from 2009 to 2013 with continued sales success and
League of Arlington, and The Washington Humane Society
ANGELA CASEY
HILLARY BROADWATER
Angela Casey heads communications for the John Eric Group and is responsible for
Hillary Broadwater, is the Creative Director for the John Eric Group and is responsible
public outreach, media, advertising, marketing and working with the team in promoting
for the development and design of all marketing collateral created for John Eric
real estate in the Washington region. She is Managing Editor of the John Eric Home
Real Estate and the John Eric Group. She is Creative Director of the John Eric Home
magazine, the hallmark publication of the John Eric Group, and has worked in
magazine, the award-winning publication of the John Eric Group, and has worked in
marketing communications for over twenty years.
marketing and design for over twenty years.
Ms. Casey is a native of the Pocono Mountains and has lived in the Washington region
Hillary’s background includes a Bachelor of Arts from Art Center College of Design
for twenty-five years. She understands the neighborhoods of Washington and enjoys
in Pasadena, California—with a Degree in Graphic Design and Packaging. During
promoting them.
her 10 years as Art Director for AIMS Multimedia, the leader in K–12 educational media, Hillary revitalized a classic brand, thoroughly updating the look and feel of the
She holds both a Bachelor’s Degree (obtained from The George Washington University,
company’s marketing collateral. Hillary went on to design for the Discovery Channel,
Washington DC) and a Master’s Degree (obtained from the University of Leeds, United
in Silver Spring, Maryland as the Senior Design Manager for the Discovery Education
Kingdom) in Chinese Studies. Ms. Casey is fluent in Mandarin Chinese and Chinese
brand. Considered by her peers as one of the nation’s top graphic designers, Hillary’s
culture, history and economic issues. She has lived in Hefei, China, Hong Kong, China
objective is to establish a strong “visual voice” for the John Eric brand.
and Taipei, Taiwan. In her free time, she often lectures on Chinese themes and teaches Mandarin Chinese to children.
Hillary Broadwater is an active member of the American Advertising Federation (AAF), Association of Women Entrepreneurs, as well as Soroptimist International, and VIA
Also, in her free time, Ms. Casey has volunteered for esteemed Washington organizations such as the National Alzheimer’s Association and The Torpedo Factory Arts Center. Along with Mandarin Chinese, she speaks fluent French, intermediate Cantonese, beginning Mongolian and is learning Italian. She enjoys playing the piano, reading and cooking.
(Valley Industry Association).
Photo courtesy of J David Ake
JE JOHN ERIC R E A L E S TAT E
JOHN ERIC +1 703 798 0097 john@johneric.com johneric.com ttrsir.com
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