Washington Construction News staff writer
A 12-story mixed-income and mixed-use development under construction will bring 449 apartments to the District’s Southwest neighborhood
Hoffman & Associates, nonprofit affordable housing developer AHC, as well as City Partners and Paramount Development are working together on the Westerly at Waterfront Station II that will bring 449 apartments, of which 313 will be market-rate and 136 will be affordable.
Clark Construction is the general contractor.
Affordable Housing Finance reported that one of the financing partners, Merchants Capital, has secured more than $141 million for the development.
The completed structure will have about 29,000 sq. ft. of retail, educational, and commercial space on the ground level with below-grade parking. The commercial space is anchored by AppleTree Public Charter School, a D.C.-based early childhood education provider, and a neighborhood restaurant by Good Company Doughnuts, with an additional 7,000 sq. ft. of retail space available for lease, the published report says.
The building is constructed on a 99-year ground lease co-ordinated with the District’s Office of the Deputy Mayor for Planning and Economic Development.
