Latest news with #PeterArmstrong
Axios
a day ago
- Business
- Axios
Scoop: D.C. Four Seasons residences set condo record
The high-end Four Seasons Private Residences in Georgetown are setting a new price-per-square-foot record for condos in the region, Axios has learned. The big picture: The development — which has been in the works for over a decade — started selling units in October. Since then, Washington has seen a flurry of high-end real estate transactions as President Trump's uber-wealthy cabinet members snag homes, along with high-profile tech titans and CEOs. By the numbers: The Residences are still under construction, but several units have gone for over $3,000 per square foot, says Peter Armstrong, managing director of the project's co-developer The Georgetown Company. This breaks the previous condo price-per-square-foot record of $1,998, according to Bright MLS. (Although the group only tracks properties sold by an agent and entered into the MLS system, not units sold directly from a developer to a buyer.) The current average price per square foot at the Four Seasons is $2,786, and the current average sale price is $5.4 million, Armstrong tells Axios. State of play: The Four Seasons Private Residences — located on the site of a former Georgetown heating plant — will have 64 units ranging from one to four bedrooms once complete. Plus: Luxe amenities like a wellness center with an indoor pool and spa rooms, a wine cellar and tasting room, a concierge service, and 24-7 valet. Georgetown Company is co-developing the project with The Levy Group in partnership with Mohari Hospitality. What we're watching: The project is expected to be completed in spring 2026, per the Georgetown Company — and Axios is waiting to see which big names move in.
CBC
3 days ago
- Business
- CBC
What is the toll of the tariffs?
Social Sharing In February, under the threat of the U.S. President's tariffs, economists were bracing for the worst. But after months of volatility, ever-changing tariffs and exemptions, the country's economy is faring better than expected. That's not to say we've escaped the trade war unscathed. Manufacturing sales are down and unemployment is up, and regions dependent on steel, aluminum and auto exports are feeling the pain. So, what does this all mean for the average Canadian? How likely is a recession? What will it take for things to get better? CBC's senior business reporter, Peter Armstrong, joins the show today to talk about how our economy has been holding up and where things could be headed. Transcripts of each episode will be made available by the next workday.
CBC
25-04-2025
- Business
- CBC
How can we rebuild the Canadian economy?
Whoever wins the 2025 federal election will have an enormous task of rebuilding the Canadian economy after years of stagnation — and in the face of an escalating trade war with the United States. CBC's Peter Armstrong breaks down what business leaders say should be three priorities.
CBC
02-04-2025
- Business
- CBC
How Canadians could feel the impact of the latest round of tariffs
U.S. President Donald Trump will announce new 'reciprocal' tariffs on U.S. trading partners, including Canada, on Wednesday afternoon. As workers and industries brace for the latest round of tariffs, the CBC's Peter Armstrong discusses how Canadians could feel the impact.
