Tuesday, November 24, 2009

Highland Addition, HOPE-ing and Waiting


Last night, DC's Highland community was handed another development delay as New Market Investors and developer Crawford Edgewood Managers Inc. (CEMI) received approval to prolong their development schedule with a request for a three year extension. Along with the District of Columbia Housing Authority (DCHA), the team filed to alter the zoning application approved in 2007, which would have expired this month.

The Zoning Commission approved the delay, allowing DCHA and the developers a little breathing room as they scrounge for funds and wait on a recent HOPE VI application for $22 million to develop 17 acres of townhouses. The soonest the group might expect good news about the competitive HOPE VI funding is February; until then they will be holding out hope that the stalled development will finally come to fruition.

According to Knox Hayes, DCHA Project Manager for Highland Addition, the reason behind the stalled development is the lack of funds to build new roads for the PUD. The City was unable to cough up the money for necessary roads, so DCHA took the federal path, applying through HUD'S HOPE VI grants for the maximum project award. In so doing, DCHA expanded the scope of the development from the PUD's 9 acres to include a total of 17 acres of land needing new roads and development.

The PUD will maintain its approved number of residential units at 138, but will increase the number of rental units from 30 to 46. On the remainder of the site, the same group of developers will build more residential units by matter of right zoning, with no PUD required. The proposed site will offer 261 units with 118 rental and 143 for-sale units (including the units in the PUD). Most of the homes will be townhouses, though Hayes indicated the possibility of some condominiums.

The site at Highland Additions used to be home to several public housing buildings, which were torn down in 2001, with the PUD process ensuing in 2004. Nearby are the newly renovated Overlook apartments, which replace the former Parkside Terrace apartments.

Washington DC real estate news

2 comments:

Yalova Emlak on Nov 27, 2009, 6:19:00 AM said...

It really very nice plan for building dream home with such facilities along with garden.

sbo on Jan 3, 2012, 10:39:00 AM said...

thank you so much. fosbobetr good Archive

 

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