PoPville » Kelsey Gardens Demo Begins, To Become Jefferson at Market Place

Kelsey Gardens Demo Begins, To Become Jefferson at Market Place

7th and P St, NW

@SamsGoodMeats sends the photo above and writes:

“Kelsey Gardens demo underway. More great news for ‪#shawdc‬”

From the Jefferson Apartment Group’s Web site:

Jefferson at Market Place is a mixed-use development located at the corner of 7th and P Streets in Northwest Washington, DC. The project will include 281 luxury apartments, 230 below-grade parking spaces, and 13,400 square feet of retail space.

Jefferson at Market Place will feature modern amenity spaces that will include a boutique-style lobby with a 24-hour concierge, state-of-the-art fitness center, resident business center, and community lounge with bar and gaming areas. Residents will also have exclusive access to two private courtyards on the ground floor, a landscaped roof deck on the seventh floor, and a large pool deck on the 8th floor roof.

Jefferson at Market Place is located less than three blocks north of the Washington Convention Center Metro Station and two blocks south of the Shaw-Howard Metro Station. The project has tremendous visibility with over 455 feet of frontage along 7th Street NW and will be located adjacent to the future City Market at O, a 1 million square foot mixed-use project anchored by a new 58,000 square foot Giant Supermarket.

Rendering via Jefferson Apartment Group

Category: Development, Shaw

By: Prince Of Petworth | 12 June 2012 12:30 PM | 15 Comments

Adam L

Delivery set for when?

June 12, 2012 at 12:35 pm
Anonymous

Now how about redeveloping that massive public housing tenement slum that sits just south of NY on North Capitol?

June 12, 2012 at 12:39 pm
- Anonymous
  
  it’s not slums and it’s not going anywhere. there are luxury condos going up across the street. and i think further south, sursum corda is slated to be razed.
  
  June 12, 2012 at 1:28 pm
Anonymous

Does anyone know how easy or hard it is to turn public housing into mixed use? Are the buildings leased for a certain period of time?

June 12, 2012 at 12:45 pm
- Anonymous
  
  Yes, I’ve also been wondering where one can check the length of current leases? Is there a website??
  
  June 12, 2012 at 1:30 pm
- Anonymous
  
  Kelsey Gardens is/was never public housing. It was owned by a private company/owner and assisted through a Project-Based Section 8 contract which the owner terminated (don’t know the details of this case).
  
  Public housing is owned (in most cases) by the public housing authority, a special purpose local government, with a declaration of trust to HUD recorded in first position. Each year, when the housing authority receives its federal subsidy, it signs an extension of the use agreement that requires that it continue to be operated as public housing for another 10 (or is it 15?). In order to make ends meet, the housing authority then has to accept their subsidy the next year. Effectively, this requires that the property remain affordable in affordable in perpetuity as they continue to require subsidy to operate (rents are set by federal law as approximately 30% of the household’s income) and sign extensions to the restrictions. The only real way to get out of this loop is to get HUD approval to demolish or dispose of the units, at which point tenant-based vouchers are issued for remaining residents that aren’t otherwise relocated to other public housing developments.
  
  Does that help?
  
  June 12, 2012 at 2:05 pm
anon

sweeet…. glad to see this

June 12, 2012 at 1:22 pm
Anonymous

this is a huge leap forward for shaw.

June 12, 2012 at 1:28 pm
gotryit

That is going to be huge for the area.

Does 281 luxury apartments include any afforable? Wouldn’t inclusionary zoning force them to?

June 12, 2012 at 2:06 pm
- jcm
  
  Yes, 54 of the 281 will be for households making 60% or less of the area median income.
  
  June 12, 2012 at 2:11 pm
  - The dude
    
    …and former Kelsey Garden tenants get first dibs on affordable units here. This is great for the area and part of the much needed kick to transform 7th street from a strip of warehouses for poor people to a mixed use, mixed income environment that will thrive.
    
    June 12, 2012 at 4:03 pm
  - gotryit
    
    That seems like an impressively fair deal. A luxury apartment in that area for someone who earns about $60K per year. Cool.
    
    June 12, 2012 at 4:19 pm
    - wylie coyote
      
      What is our area median income? This story from last year puts it at $60,000: http://washingtonexaminer.com/local/dc/2011/09/washington-area-richest-nation-last-year/118564
      
      So, 60% of that is $36,000…living in a luxury apartment on that salary would be awesome but $36,000 sounds like more than someone living in the formerly subsidized Kelsey Gardens would be earning, no? What is the point of getting first dibs if your annual income is substantially lower than 60% of AMI? Seems like a cruel joke…
      
      June 12, 2012 at 11:20 pm
      - anonymous
        
        When Kelsey Gardens was sold the purchasers entered into an agreement with the existing tenants association and agreed to accept their vouchers so the 60% of AMI for the original tenants does not apply. If the original tenants still qualify for public assistance they can return on same terms they were under at the original Kelsey Gardens. If they have improved their economic situation to the point where they no longer need assistance then they have the right to move in at the market rate.
        
        The members of the Residents Association were all given relocation assistance when they left Kelsey Gardens. Although they will have to wait a few years for a new building they will move back into a new building with a very nice amenity package.
        
        June 13, 2012 at 9:57 pm
Bemused

Ah, you know your neighborhood has truly arrived when one of those “[Blank] at [Blank] Place” developments moves in.

June 12, 2012 at 11:14 pm