Friday, September 21, 2007
Neighborhood Development Company (NDC) broke ground last week on one of the numerous projects along Georgia Avenue that are expected to revitalize the flagging area in conjunction with the District's redevelopment plans, approved by the DC Council in July 2006, to introduce development and improve public and private services. The Residences at Georgia Avenue, just north of the Petworth Metro station at Taylor and Georgia, is designed as a seven-story structure with 72 small, affordable rental apartments. The city is providing subsidies to enable NDC to reserve apartments for tenants at or below 60% of the AMI. The ground floor will be dedicated to retail, with a recently announced Yes! Organic Market as the sole tenant.
The project was designed by Weinseck Architects and will be built by Hamel Construction, providing 57 underground parking spaces when complete, likely in early 2009, at which point it should have good competition from numerous other new residential developments, including Donatelli Development's 148-unit Park Place at the Petworth Metro, a 57-unit condominium at the corner of Upshur, a 110-unit apartment building at 3910 Georgia Avenue by Jair Lynch (not yet under construction), and the Renaissance, a 105-unit condominium by Lakritz Adler, though NDC head Adrian Washington pointed out that this will be the first residential project on Georgia to complete. NDC recently completed the Lofts at Brightwood, and is a development partner on the CityVista project. The ceremonial groundbreaking took place in July.