In what, to some, may be an unfortunate and unproductive pattern, another all-affordable development is on the boards east of the Anacostia River.
Kaye Stern Properties has applied for a planned-unit development (PUD) which would deliver 106 affordable apartments to replace two residential buildings on a site where Xenia Street and Martin Luther King, Jr. Avenue SE converge on South Capitol Street SE.
Located at 3836-3848 South Capitol Street SE (map) in the Bellevue neighborhood, the location is zoned RA-1; the PUD would enable the developer to achieve RA-2 zoning density.
Eighty percent of the units will be for households earning up to 50 percent of median family income (MFI) and the remaining 20 percent will be for households earning up to 30 percent MFI. Residents of the existing 30 apartments on the site will be able return to the development once completed.
The unit mix will include 20 studios, 34 one-bedrooms, 20 two-bedrooms and 32 three-bedrooms. Because the development will be financed with low income housing tax credits, affordability requirements will expire in 40 years, at which time roughly 11 units will revert to being for households earning up to 60 percent MFI.
Designed by Torti Gallas Urban, the 51 foot-tall building will have a similar vernacular to other apartment complexes in the immediate area, with brick façades and three massing "fingers" which create courtyards fronting the street. There will also be storage for 36 bicycles and a gated surface parking lot with 17 spaces at the rear.
The developer expects to break ground in the fourth quarter of 2019, completing the project in 2021. A zoning hearing has not yet been scheduled.
This article originally published at https://dc.urbanturf.com/articles/blog/106-affordable-apartments-planned-for-bellevue-site/14354.
Most Popular... This Week • Last 30 Days • Ever
The change would allow for an 80-acre portion of DC's 272-acre Armed Forces Retiremen... read »
The listing will hit the market on Wednesday, according to the Washington Business Jo... read »
Here are some precautions to take before buying real estate with a buddy.... read »
The concept for the residential conversion of a prominently sited building in Dupont ... read »
About a month ago, UrbanTurf examined how condo and co-op prices were driving home pr... read »
With interest rates reaching their highest levels in 22 years, it is critically impor... read »
Just before the holiday, UrbanTurf is taking its semi-annual look at the neighborhood... read »
Plans have been filed with DC's Historic Preservation Office to convert the building ... read »
An application filed with DC this week signals the end is nigh for a McDonald's locat... read »
Madison Highland Live/Work Lofts has plans in the works to convert the 12-story offic... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro