513 Kennedy Street NW is located in an Opportunity Zone, which offers tax benefits for those who develop ground-up or value-add projects in these designated areas. Kennedy Street has proven itself to be a viable condominium market, with some projects achieving well above $600 per square foot on recent outsales. While condominium prices are rising in the neighborhood, per-unit prices remain affordable for many first-time homebuyers, which allows for an expansive buyer pool for developers delivering projects in the area.