Washington DC commercial real estate news
Monday, August 10, 2009
Manna Plans 24 New Condos in Anacostia
On August 17th, the DC Department of Housing and Community Development (DHCD) will hold a public hearing on the disposition of the six townhouses on W Street, SE in Anacostia. Barring the unexpected, the properties will transfer to non-profit Manna, Inc, which offered $200,400 following the Solicitation for Offers DHCD issued in July of 2008.
Manna's plans, designed by an in-house team, preserve the architectural integrity of the exterior walls, but execute a gut rehab of the interior. The end result will be 24 two-bedroom, two-bath for-sale units. The units will be approximately 900 s.f. each; four will be "accessible." A quarter of the units will be made available to households earning 60% or less of the area median income (AMI), the remaining 16 units will be available for households earning 61-80% AMI.
Manna expects to begin construction in the first quarter of 2010. The project will be executed in two phases, and George Rothman, Manna President and CEO, estimated completion 12 to 18 months after the start of construction.
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4 comments:
Do we have a time and place for the Aug. 17th hearing for Manna'a build in Ward 8?
The time and location: 6 pm at DHCD 1st Floor Conference Room,1800 Martin Luther King Avenue, SE, Washington, DC 20020. We link to the hearing notice in the first sentence if you want more information.
Thanks for the news. I will definitely be at that meeting to offer input.
I will definitely be at the meeting. I grew up in Anacostia, and my parish is there. What a great opportunity for affordable housing in that part of Anacostia.
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