Congratulations are in order for AHC, Inc, Dantes Partners and Menkiti Group selected for development projects to foster economic opportunity in the District! Awardees were announced Friday, March 25th at Office of the Deputy Mayor for Planning and Economic Development’s ‘March Madness’ event, an annual effort to create more quality affordable housing, support small and local business, and expand job opportunities for DC residents. At the event, Deputy Mayor for Planning and Economic Development Brian Kenner was joined by Mayor Muriel Bowser to reveal 17 new projects now available to the District’s development community.
Details about the projects AHC, Inc, Dantes Partners and Menkiti Group will work on are listed below.
The development team of PN Hoffman, Paramount Development, ER Bacon Development, CityPartners, and AHC, Inc. are selected for Waterfront Station II. Hoffman’s team offered more affordable housing square footage than required by law, including in one bedroom/den and 2 bedroom family sized units that were strongly advocated for by the community. Along the same vein, Hoffman garnered unanimous support from ANC 6D (where the project is located), which noted amongst other things their support for the cultural enhancements (adding to the already existing “incredible cultural resources” in the neighborhood) and the substantial community serving retail. Indeed, Hoffman’s proposal includes a 10,000 square foot “black box” theatre and over 22,000 square feet of retail, including storefronts opening directly onto 4th street, expanding the commercial district further north. In total, the project will provide more than 400 units of housing with 30% of the total units affordable and create hundreds of construction and permanent jobs.
The development team of Voltron Community Partners (Dantes Partners, Spectrum Management, Menkiti Group, Bailey Real Estate Holdings) was selected for Capitol Vista. The Voltron team will be providing an all-affordable housing project coupled with needed retail in a rapidly growing area of the city. The 100% minority-owned, DC-based partnership has over 40 years of combined experience in multi-family development and affordable housing in the city. Their project includes the most units of any proposal below 60% AMI which is critical to ensuring that people who have lived in rapidly growing neighborhoods can stay as their areas development. In addition, the project includes nearly 3,000 SF of retail. The Voltron team also will be providing new park/plaza space as a part of their proposal, meeting the community’s desire for more park space and recognizing the importance of greenspace in creating family friendly neighborhoods. In total, the project will provide more than 200 construction and permanent jobs and generate $8.3 million in tax revenues.
For more information about other projects announced, click here.