Plans For 101 Apartments, New Dance Loft On 14th Street To Be Delayed
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The plan to replace the longtime home of Dance Loft on 14th Street with a mixed-use residential building has, like a number of other developments in DC, hit headwinds due to construction and financing issues.
Dance Loft Ventures, a partnership between the nonprofit arts institution and Heleos Development, is requesting an extension for the approval of its plans to build a five-story-plus-penthouse building with 101 apartments — 66 of them affordable — along with new theater, dance studio, and art gallery space at 4609-4618 14th Street NW (map). The development team is asking for a two-year extension to file building permits, meaning that construction would need to commence by 2028.
The reasons behind the delay are the same ones plaguing projects throughout the city — rising construction costs, spiking interest rates, and supply-chain disruptions. And for this development, a reduction in available public subsidy for affordable housing is also a factor.
"In the period since the Order was approved, the District significantly reduced the amount of public funding available to newly-constructed affordable housing, focusing District subsidies instead on preservation projects," the application for an extension stated.
The project, designed by PGN Architects now part of Michael Graves Architecture, would have 66 units available to tenants making 30% to 60% of the median family income, as well as 24 three-bedroom units meant for families. The application for an extension will go before the Zoning Commission next month.
See other articles related to: 14th street corridor, dance loft on 14th, tabaq
This article originally published at https://dc.urbanturf.com/articles/blog/plans_for_101_apartments_new_dance_loft_on_14th_street_to_be_delayed/24346.
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