Two new residential developments -- one affordable and one market-rate -- are headed to a corridor in DC that defined the development boom in the city over the last 15 years.
On Wednesday, The Faircliff, a 125-unit affordable housing project, and NOVEL 14th Street, a 197-unit market-rate development, broke ground at 2601 14th Street NW (map). The two side-by-side projects will replace the former 80-unit Faircliff Plaza East apartment complex, quadrupling the total number of housing units on site.
The Faircliff, from Somerset Development Company, Jonathan Rose Companies and Housing Up, includes 80 affordable replacement units for former Faircliff Plaza East residents as well as 45 new affordable units available to households with income at or below 50% of Area Median Income.
Designed by Eric Colbert & Associates, The Faircliff will be constructed to Passive House standards and feature a range of green design features, including a green roof, electric vehicle charging for 19 parking spaces, and carbon-injected concrete.
The 197-unit NOVEL 14th Street, developed by Crescent Communities, will feature studios, one-bedroom, and two-bedroom apartments, as well as amenities, including a rooftop pool and clubhouse, courtyard, a gym with a treadwall and yoga room, multiple co-working rooms, and library.
The first residences at the Hord Coplan Macht-designed building are expected to deliver in 2025.
This article originally published at https://dc.urbanturf.com/articles/blog/197_market_rates_units_125_affordable_apartments_break_ground_on_14th_stree/20510.
Most Popular... This Week • Last 30 Days • Ever
UrbanTurf created Pipeline, a searchable database of multifamily projects that are un... read »
As we head towards the end of the year, UrbanTurf is wrapping up its coverage of larg... read »
The plans for the new two-building residential project at Union Market got a big thum... read »
A new report illustrates how much space one can rent for the elusive price of $1,700 ... read »
Stonebridge's big residential plans for the former Jewelry Exchange building in Bethe... read »
A new report out this week found that homes in the DC region are selling nearly a wee... read »
When Amazon announced in 2018 that it would be opening a second headquarters in Virgi... read »
A revised plan is on the boards for a group of five townhouses in the middle of China... read »
The proposed district would encompass the neighborhood's commercial strip along Conne... read »
WTOP is reporting that The Heights, an eight-stall food hall that is taking over the ... 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