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Kamis, 20 September 2012

Georgia Ave. Housing Overhaul Moving Forward

A city plan to overhaul a DC affordable housing neighborhood on Georgia Avenue, called Park Morton, is moving forward and the city will unveil its first apartment building on Friday.

Workers put finishing touches on The Avenue on Thursday
"The Avenue at Park Morton" is an 83-unit mixed-use apartment building located at 3506 Georgia Avenue NW.  City officials will gather to celebrate its grand opening  Friday from 12:30 p.m. to 2:30 p.m.

Completion of the building is a mile-marker for "The Park Morton New Communities Initiative", which has realized only a small part of its potential.  The $170 million initiative was established under then DC mayor Anthony Williams to replace an aging public housing complex on Georgia Avenue.  The initiative is a collaboration between the District's Housing Authority (DCHA), which owns and manages the complex, and the Deputy Mayor for Planning and Economic Development.

Image courtesy Wiencek + Associates
The old Park Morton housing has 17 apartment buildings.  In a report on the overhaul initiative and the old Park Morton housing, the city notes "the site consists of suburban-style apartment buildings and incorporates design elements that tend to foster criminal activity."

In 2008, then-Mayor Adrian Fenty sent out a Request For Proposals for developing in the project in 2008, promising that no former residents of the complex would be displaced; the building broke ground in 2010.  The overall plan calls for 317 market-rate housing units, 206 affordable housing units, a 10,000 square foot park, and a new community center with green designs throughout.

The entire Park Morton redevelopment is being carried out by the Park Morton Development Partners (PMDP), a joint venture between Landex Corporation and the Warrenton Group. Wienecek + Associates designed the project.  Hamel Builders is the general contractor.

Image courtesy Wiencek + Associates
The building, which has 81,044 square feet of residential space and 2,388 square feet of ground floor retail, includes a mix of one and two-bedroom apartment units.  Residential space features lounge, a fitness center, meeting rooms, and underground parking.  It also will include ground-floor retail. While overall the plan calls for some market-rate housing, the Avenue is 100 percent affordable under the city's affordable housing laws.

The development was funded by a mix of city agencies and departments, as well as Freddie Mac, Prudential, Hudson Housing, and Capital One.

1-BR Unit Rendering, courtesy Wiencek + Associates

Selasa, 11 September 2012

Buchanan Gardens Celebrates Grand (Re)Opening


The newly renovated Buchanan Gardens in Arlington celebrated a grand opening yesterday, after an 18-month, $32 million renovation by low income housing provider Arlington Partnership for Affordable Housing.

"Buchanan Gardens was built as a state-of-the-art garden apartment community for the post-war boom in 1949," said Nina Janopaul, APAH President/CEO.  “It housed generations of families in its original condition.  With APAH’s extensive renovation we have modernized this 111-unit, 100% affordable property to 21st century standards and created committed affordable homes for the next sixty years.”

The rejuvenated development now boasts three-bedroom family units, a dozen barrier-free units, a community room, and a new playground.  Designed by Wiencek + Associates and constructed by Hamel Builders, the new Buchanan Gardens follows EarthCraft Virginia guidelines and features energy efficient roofs, windows, insulation, low flow toilets, and Energy Star appliances.  There's also a new stormwater management system and rain gardens, as well as new tree plantings.

Units will be made available to families making 60% or less of AMI, which works out to about $64,000 for a family of four.  The renovations, which broke ground in April 2011, were funded jointly by the Virginia Housing Development Authority, the Arlington Housing Investment Fund, Low Income Housing Tax Credits, and grants from the Capital One Foundation and the Freddie Mac Foundation.

APAH, a leading developer of affordable housing along Columbia Pike, acquired Buchanan Gardens in 2009.








Arlington, VA real estate development news

Rabu, 25 Juli 2012

Victory Square senior community opens in Parkside


Victory Square - Photo courtesy of Communi-k
A little neighborhood east of the Anacostia River, in Northeast DC, is set for a slew of groundbreakings and developments, including a ribbon cutting this Thursday for an affordable senior apartment community.  Victory Square, the 98-unit senior community, is just one of the many new developments - built or planned - in DC's Ward 7 neighborhood of Parkside.  The project is part of the Parkside Master Plan, a 15.5-acre area that was acquired by City Interests in 2004.   

City Interests charts a course for growth for the site near the Minnesota Avenue Metro Station. The neighborhood, home to 5,700 residents and described as poor and isolated by the Urban Institute, has seen an influx of planning and educational grants in recent years.  Greater, Greater Washington this year called the Parkside neighborhood a "place to watch".

Parkside Master Plan developers say the Master Plan foresees a "major transit-oriented development, slated to bring homes, services, jobs and educational opportunity to D.C.'s Ward 7."  City Interests gained approval for Stage 1 of the planned unit development (PUD) in 2007, and Stage 2 gained approval in 2011.  The plan calls for 1,500 to 2,000 residential units, up to 50,000 s.f. of retail space, and 500,000 to 750,000 s.f. of office space.

In 2010 the Zoning Commission rejected a bid by developers to delay first stage construction of the project, putting pressure on developers to push forward with the first stage of the project, which includes the Victory Square apartment community, or lose approvals. 

Victory Square Interior with view of Nevel Thomas Elementary School
The Victory Square apartment community for adults aged 55 or older opened in June.  Of the 98 units, 35 are public housing units reserved for the the poorest of the poor.  It is developed through a partnership between Banc of America Community Development Corporation, a subsidiary of Merril Lynch, and Victory Housing, Inc., the affordable housing arm of the Catholic Archdiocese of Washington. City Interests is the master PUD developer, but sold .65 acres to BACDC, a subsidiary of Merryl Lynch, to build Victory Square.  Victory Square was designed by Grimm and Parker Architects of Calverton, MD, and constructed by Hamel Builders, Inc., of Elkridge, MD.

The contemporary design includes a fitness room, an arts and crafts room, an on-site beauty salon.  It also has a wellness room where seniors will have access to wellness screenings, such as consultations with health professionals.

"It's been a long time in the making," Maurice Perry, senior vice president with BACDC, told DCMud.  Perry oversaw and managed the development of and financing process for Victory Square. "The rents in our property are relatively inexpensive compared to other apartments," Perry said of the units which are not public housing, and not paid for by housing authorities.  Rents range from $775 for a one-bedroom to $960 for a two-bedroom apartment.  Units range in size from 600 to 750 square feet.  Although the apartments have been open for less than two months, Perry said the units are now 62 percent leased.

Perry said the community was completed in affiliation with Victory Housing, Inc., an affiliate of the Archdiocese of DC.  "They do a lot of affordable housing and they will be the long-term owner of the property," Perry told DCMud.

In addition to adding to the housing options for residents of Ward 7, Perry also thought the housing project signaled good things to come for the neighborhood.  "It's a great neighborhood, residents are really involved, they care about the community, and have a lot of potential."

Victory Square Community Room
Another residential development in the Parkside Master Plan area is Mayfair Mansions, a renovation of 569 historic apartments that now serve as public housing,  by the non-profit Community Preservation and Development Corporation. DCMud reported in 2010 that 160-unit condo element - that had once also been planned for the  Mayfair Mansions project - was pigeonholed permanently.

Other residential units with groundbreakings this summer include Metro Homes at Parkside, an 83-townhome developed by Enterprise and the family of Abe Pollin, and Parkside Townhouses, a complex of 100 market-rate townhouses developed by City Interests.
Also slated for groundbreaking this summer is "Park 7", a mixed-use development including 376 apartments developed by Donatelli Development.  Other retail in the Parkside Master Plan includes Ray's the Steaks At East River, which opened in fall 2008, and the renovation of a Safeway, completed in 2009. 

The Parkside Master Plan also foresees offices and health facilities.  It already includes the 227,000 square foot headquarters for the DC Department of Employment, with 700 employees, which was completed in 2010.  A groundbreaking is planned this summer for the DC Primary Care Association, a 43,000 s.f. primary care facility owned and operated by Unity Health, according to project developers.

Victory Square was built using tax exempt bond financing in the form of a construction loans from Bank of America, the DC Housing Authority, the District's Department of Housing and Community Development and tax-exempt bond financing from Bank of America. The project also received Federal stimulus dollars by way of the DC Housing Production Trust Fund. The National Equity Fund provided $4.85 million in low-income housing tax credit equity proceeds.
Victory Square is located at 600 Barnes St., NE.  The ribbon cutting will be held July 26 at 10:00 a.m.  The community is located between the Minnesota Avenue Metro Station and the Anacostia waterfront, in northeast DC.


Washington D.C. real estate development news