Monument Realty-Led Development Team Selected to Deliver 577 Apartments to North Capitol Street Site

  • July 1st 2019

by Nena Perry-Brown

✉️ Want to forward this article? Click here.

Previous rendering of winning proposal. Click to enlarge.

Another city-owned parcel is one step closer to development.

On Monday, Mayor Bowser announced the city awarded development rights for 2 Patterson Street NE (map) to a team comprised of Monument Realty, Morningstar Community Development, The May Firm and Community Housing Partners. The proposal, which was one of six, would deliver a 13-story building with 577 rental apartments, ranging from studios to three- and four-bedrooms.

Aerial rendering of the winning proposal.

195 of the apartments will be reserved for households earning up to 50 percent of area median income (AMI); 130 will be for households earning up to 80 percent AMI, and 217 will be for households earning between 100-120 percent of AMI. The KGD Architecture-designed development will also include 18,000 square feet of retail, 4,500 square feet of community space, and a new public park.

The previous proposal also included some for-sale units and referenced incorporating Cove coworking in the retail space. Monument Realty is expected to construct 310 apartments on the adjacent parcel at 40 Patterson Street NE.

Mayor Bowser also announced that development teams have been selected for a site in the 1000 block of Howard Road SE and for the 6100 block of Dix Street NE, delivering 18 three-bedroom single-family homes and 14 three- and four-bedroom single-family homes, respectively.

This article originally published at https://dc.urbanturf.com/articles/blog/development-team-selected-to-deliver-577-apartments-to-north-capitol-street/15612.

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!