What's Hot: The 4 Projects in the Works Near DC's Starburst Intersection | A 153-Room Aloft Hotel Pitched For Mt. Vernon Triangle
366-Unit Apartment Project Planned For U Street
Big potential U Street residential news came out at the ANC 1B Design Review Committee meeting earlier this week.
District Source reports that a new 11-story residential project that would connect to an eight-story building on V Street is planned for Portner Place at 1441-1449 U Street NW. The developers purchased Portner Place through the Tenants Opportunity to Purchase Act (TOPA).
From District Source:
The project would include 270 market rate residential units in the U Street building and 96 units affordable at 60 percent or less of area median income on the V Street side. Somerset Development Company with New Community Partners, Jonathan Rose Companies (“JRCo”), and the Rose Green Cities Fund purchased the 48-unit HUD Section 8 housing Portner Place Apartments next to the Reeves Municipal Center in September 2013.
The project is still in the early stages. The committee approved the initial concept, but District Source reports that the project will go before HPRB in March, and will require a planned unit development that will likely be filed in April.
This article originally published at https://dc.urbanturf.com/articles/blog/366_unit_apartment_project_on_boards_for_u_street/8179.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
Renter demand has continued to push Class A apartment rents in the DC region up this ... read »
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
- What Are the Annual Maintenance Costs When You Own a Home?
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
- How Much Did DC-Area Rents Rise At The Beginning of 2024?
- The 4 Projects In The Works Near DC's Starburst Intersection
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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro