Mayor Bowser Announces First Office-To-Residential Projects To Receive Tax Abatements
✉️ Want to forward this article? Click here.
On Thursday morning, Mayor Muriel Bowser announced the three office-to-residential conversion projects that have been conditionally awarded tax abatements through DC's new Housing in Downtown program. Those projects will likely be familiar to UrbanTurf readers, as they include:
- A 157-unit residential conversion planned for the former headquarters of the Air Line Pilots Association International at 1625 Massachusetts Avenue NW.
- The conversion of the Universal buildings at 1825-1875 Connecticut Avenue NW (map) into The Geneva, a residential development with upwards of 525 apartments.
- A 11-story, 72-unit residential conversion at 615 H Street NW (map) in Chinatown. The address was formerly home to Ming's Restaurant, but has been vacant for years.
The Housing in Downtown program will provide 20-year tax abatements to the conversions above in exchange for at least 10% of the units being affordable at 60% Median Family Income (MFI) or 18% of units affordable at 80% MFI.
“Through these innovative conversion projects, we are transforming old spaces into new uses – in this case, housing – that will bring more people and new vibrancy to our Downtown,” Mayor Bowser said Thursday.
See other articles related to: dc office-to-residential conversions, office-to-residential
This article originally published at https://dc.urbanturf.com/articles/blog/mayor_bowser_announces_first_office-to-residential_projects_to_receive_tax_/22677.
UrbanTurf Listings showcases the DC metro area's best properties available for sale.
Most Popular... This Week • Last 30 Days • Ever
In this edition of First-Timer Primer, we review five potential red flags you may enc... read »
Post Brothers purchased the building at 2100 M Street last year.... read »
This 5,000 square-foot listing is about as close as the city comes to a property that... read »
The new residential project would take the place of largely vacant office buildings a... read »
The Redbrick-led development team filed the new images last week.... read »
- Five Red Flags to Look For During Condo Document Review
- A 400-Unit Office-To-Residential Conversion Pitched in DC's West End
- Is This The Closest Thing DC Has To A Soho Loft?
- 48 Apartments, Activated Alley Space And An Ode To Duke Pitched For DC's West End
- New Renderings Show Five-Building Centerpiece of St. Elizabeth's Redevelopment
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
