behold mt p

Thanks to Dean for sending:

“banner on the burnt out church in Mt. Pleasant being renovated.”

From Valor Development:

“About This Project
3146 16th St., NW, Washington, DC

The Vintage is Valor Development’s newest multifamily offering. Comprised of 85 well-appointed units, The Vintage combines the luxury feel of a boutique hotel with the well thought out amenities of a large scale community. Conveniently located in the heart of Mount Pleasant, just 2 blocks from DCUSA Center and the Columbia Heights Metro, The Vintage truly has it all.”

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rendering via Valor Development

U Street

Yesterday we learned about the affordable housing component fronting V Street – here’s the project fronting U Street.

From a press release:

“High Street Residential has partnered with Deutsche Asset Management to develop a 288-unit, Class-A, multifamily project, located at 1441 U Street, NW, Washington, D.C. This luxury apartment project will also feature more than 15,000 square feet of retail in the core of the U Street Corridor. Construction is scheduled to commence Q3 2016, with completion in mid-2018.

1441 U Street is located adjacent to the Frank D. Reeves Center of Municipal Affairs, at a site that was once the home to the now-razed, 48-unit Portner Place Apartments. This site will also contain Portner Flats, a 96-unit affordable housing complex fronting V Street, NW that will be developed concurrently by a joint venture between Somerset Development and Jonathan Rose Companies. (more…)

portner flats rendering

From a press release:

“On July 7th, the District of Columbia Housing Finance Agency (DCHFA) closed on the financing of an affordable housing development in one the District’s most sought after neighborhoods, the U Street Corridor. The Agency issued $27 million in short term DCHFA tax exempt bonds providing a portion of the funding for the acquisition of Portner Place and construction of Portner Flats (1440-1450 V Street, NW) located in Ward 1, one block west of The Frank D. Reeves Municipal Center at 14th and U Streets, NW. Blaylock Beal Van, LLC underwrote and sold the bonds in the publicly offered transaction. In addition to the bond financing, $14.5 million in equity was raised by Boston Financial Investment Management for this development through the syndication of low income housing tax credits allocated by DCHFA. Prudential Mortgage Capital Company underwrote the mortgage and is the permanent lender for the FHA insured transaction. The DC Department of Housing and Community Development (DHCD) also provided $2.4 million in subordinate financing for this project. (more…)

The Lydian Corner

From a press release:

“Quadrangle Development Corporation and The Wilkes Company have started construction on The Lydian, a 324-unit luxury apartment building at 400 K Street, NW in the heart of Mount Vernon Triangle and adjacent to another Quadrangle/Wilkes K Street apartment development, Lyric 440K. The Lydian will be the Quadrangle/Wilkes development team’s seventh building in its two million square foot, mixed-use Mount Vernon Place community. The first floor of The Lydian will have 13,410 square feet of shop and restaurant spaces, featuring 14-foot finished ceilings with floor-to-ceiling windows fronting the wide, handsomely landscaped sidewalks of K Street.

Designed by Davis, Carter, Scott, The Lydian’s contemporary architecture will create a dramatic statement at the corner of 4th & K Streets, NW, including its own version of The Lyric’s prismatic “fin”. Apartments at The Lydian will include 26 studios, 220 one-bedroom, 26 one-bedroom/den and 52 two-bedroom units on 14 floors.

Amenities include: (more…)

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“Dear PoPville,

Any idea what is happening with the property at 1001 Monroe St NW, at the corner of 10th and Monroe in Columbia Heights? Formerly Southern Bethany Baptist Church, the property was sold in April of 2015, and has been in a half torn-down state for months, with little evidence of any progress whatsoever. There are almost never any construction workers on the site, and the sidewalks on both Monroe and 10th remain fenced off, creating a significant public hazard. None of the permitting documents are visible from the street.”

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