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 http://dc.urbanturf.com/articles/blog/366_unit_apartment_project_on_boards_for_u_street/8179
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