Wednesday, December 07, 2011

Sheridan Station Celebrates Opening, Now Nearly Half Built

Ribbons were cut today at Sheridan Station, a $100-million effort by the D.C. Housing Authority and William C. Smith & Co. to redevelop 11 acres in Ward 8 that once held the public housing complex Sheridan Terrace, torn down in 1997.

The ceremony this afternoon marked the completion of Phase I (of three), which delivered 114 apartment units (with gym, business center, etc.) to Barry Farm/Anacostia, confirms Carol Chatham, spokesperson for William C. Smith + Co.
Washington DC real estate development news

Construction on the first phase of the project began in May of 2010. Now complete, the apartment building, designed by SK&I, is in the queue for LEED-Platinum certification (the highest certification possible from the U.S. Green Building Council), due to incorporation of rooftop solar panels that will generate energy to cover 30 percent of the building's needs, a rainwater collection cistern, LED lights, and low-VOC materials - among other green building tactics.

Expected to be in attendance today were the appropriate local and federal government representatives on behalf of DCHA, the U.S. Dept. of Housing and Urban Development, and DMPED - all celebrating the ability to fund the project, which includes the use of a $20-million HOPE VI HUD grant and ARRA funds.

Phase two - 80 for-sale townhomes - is under construction now; 22 of these townhomes are currently for sale and will deliver in February of next year. Chatham added that three are under contract now. The third and final phase is still in development, a start date has not been specified.

The 11 acres of Sheridan Station are jointly owned by DCHA and William C. Smith & Co. As lead developer, Smith partnered with Union Temple CDC and Jackson Investment Co. to form Sheridan Terrace Redevelopment, LLC.

Washington D.C. real estate development news


Anonymous said...

Are these market rate homes or subsidised?

Anonymous said...

The 344 total units of housing will be split: 32% low income, 35% workforce, and 33% market rate.

165 are for-sale and 179 are rental.

Anonymous said...

Are there any apartments for rent as fair market rental or all of them under tax credit units?

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