WASHINGTON, DC – The NHP Foundation (NHPF), The Warrenton Group (TWG) and the Washington Metropolitan CDC (WMCDC) broke ground on the construction of the Strand Residences, an affordable housing development with 86 one-and two-bedroom affordable apartments in the Deanwood neighborhood of Washington, D.C. at 5109 Nannie Helen Burroughs Ave, Washington, D.C.

The ceremony included remarks from Mayor Muriel Bowser and Councilmember Vincent Gray, both supported the project for many years. The event, an ice cream social for neighborhood residents and local officials, was held after another local affordable housing groundbreaking at the nearby Providence Place.

“Construction of The Strand Residences, in the making for more than a decade, is being financed by DMPED which is investing $15.6M from the District’s New Communities Initiative, DCHFA which allocated $19.5M of tax-exempt bonds, and DCHA which contributed operating subsidies for 28 units through a Local Rent Supplement Program contract (LRSP),” said Mayor Muriel Bowser. “As well, the tax-exempt bonds triggered an allocation of 4% Low-Income Housing Tax Credits that helped attract a $12.3M equity investment from Enterprise Community Partners.”

In addition to the 86 apartments, the Residences will feature a large multi-purpose room, exercise room, bike storage room, outdoor patio area for grilling, and on-site resident services provided by NHPF’s affiliate, Operation Pathways. The first floor also includes retail space for a neighborhood non-profit and a community-based retailer. Construction is expected to complete in January 2021.

“The Strand Residences boldly underscore NHPF’s mission to provide quality affordable housing that’s ‘more than a roof’,” said NHPF CEO and President Richard Burns. “This service-enriched property will bring about positive change for the community and its residents for years to come.”

Added TWG President Warren Williams, “After twelve years of effort by The Warrenton Group, the local ANCs and Lincoln Heights New Communities Resident Council, neither residents nor local businesses were displaced for this project which is critical to preserve a community while still increasing value for Ward 7. Partnerships with local leaders such as Pat Malloy and local resident Councilmember Vince Gray were instrumental in developing the New Community Master Plot its successful materialization. The Strand really is evidence that ‘teamwork makes dreams work’.”

The Strand Residences will be built on land that was contaminated by Volatile Organic Compounds (VOCs) and prevented its redevelopment for years. To ensure proper remediation of the brownfield, the Development Team entered the District’s Voluntary Clean-Up.

“With the Strand, as well as Providence Place development nearby, it is heartening to have these new affordable housing options in our community,” added Pastor Stephen Young of WMCDC.

The Residences is next to the Strand Theater, a storied local historic landmark that the Development Team plans to convert into a new restaurant in 2020.

PGN Architects is the architect of record. Bowman Consulting provided civil engineering, landscape design, and surveying services. WCS Construction is the general contractor and WCS Property Management will be the property manager. The Development Team is committed to spending at least 35% of the project’s funds on products and services provided by Certified Business Enterprises. WCS Construction is committed to meeting the District’s First Source hiring requirements.

Once complete, the Residences will include 71 one-bedroom apartments and 15 two-bedroom units. The 28 LRSP units will be rented to residents who earn less than 30% AMI and will be reserved for residents relocating from the nearby Lincoln Heights and Richardson Dwellings properties.

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CARROLLTON, TX – Switchyard Apartments are now open and leasing in downtown Carrollton, TX. Managed by real estate experts, Lincoln Property Company, the 234 apartment homes are conveniently situated off I-35 and W Belt Line Road, a five-minute walk to historic downtown Carrollton. Adjacent to the downtown Carrollton DART station, the location offers simple access to downtown Dallas, Like Field and DFW airport.

Standing four tales tall, Switchyard offers studio, one, and two-bedroom floorplans ranging from 525 to 1,262 square feet. Amenities encourage a more active lifestyle, including an indoor bike storage and repair studio, pet salon, a healthy vending juice bar, state-of-the-art fitness center, interactive fitness studio with FitnessOnDemand™ and Peloton® bikes and simple access to the regional trail system.

When residents aren’t commuting to work on the DART, working from home is made simple with tech and club lounges with complimentary Wi-Fi, java bar and 24 hour “Parcel Pending” package lockers.  When it’s time to unwind after a long day, residents can delight in the 4th floor club room and terrace deck with wet bar, resort-style pool with clubhouse and outdoor TV lounge and fireplace.

Interior amenities include quartz countertops, stainless steel appliances, subway tile backsplashes, built-in wine racks, Salto keyless fob access systems, LED dimmable lighting packages, Custom Elfa closet systems, USB outlets, walk-In closets, in-unit washer/dryers, hardwood-inspired luxury vinyl floors, designer carpet and available private tuck under garages.

“Switchyard apartments are a fantastic example that high-end apartment living is not limited to downtown Dallas,” said Ryan Swingruber, Vice President of Development for Stoneleigh Companies, LLC, one of the developers of the community. “Switchyard is an ideal balance of high-end amenities and apartment finishes you would find in the heart of Dallas but is a community designed for renters who are looking for something outside of downtown living. The property offers efficient unit types for those who desire walkability to quaint shops and restaurants in Downtown Carrollton and an simple access to I-35 and DART making your commute and day-to-day lifestyle that much simpler.”

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SAN DIEGO, CA – Wood Partners, a national leader in multi-family real estate development, announced today the grand opening of its newest luxury residential community – Valentina by Alta – in San Diego, California.

Located at 1919 Pacific Highway, the new community is in the heart of Small Italy, San Diego’s most desirable downtown neighborhood. Valentina by Alta features unobstructed views of the San Diego Bay and sunsets over Point Loma from the luxurious apartment homes and amenities.

“Small Italy is rightfully the chicest neighborhood in San Diego, with upscale restaurants, cocktail lounges and boutiques, in addition to the well loved farmers market, filled with artisanal foods and goods, all within walking distance from Valentina,” said Yael Suneson, Vice President for Development for Wood Partners. “Downtown San Diego has seen significant transformation over the past few years, and we are proud to open Valentina by Alta in an unparalleled location.”

Valentina by Alta’s prime setting also offers residents access to outdoor and cultural activities in Waterfront Park and the Embarcadero, just steps from the community’s front door. With San Diego’s well-deserved reputation for sunny weather, the community allows for an active, outdoor lifestyle year-round.

The San Diego Metropolitan Area is experiencing continued economic growth, from high-profile employers in the biotechnology and life sciences, higher education, healthcare, tech and startup, and military and defense fields. Valentina by Alta is poised to offer a five-star experience to residents of the area.

Valentina by Alta is a pet-friendly community, totaling 110 units comprised of studio, one- and two-bedroom floor plans and penthouse homes, many with unobstructed views of the bay from expansive private balconies. The open-concept units feature refined, modern finishes in a selection of ‘Surf’ and ‘Sand’ themes that will provide residents with a rejuvenating retreat at the end of each day. The premier apartment homes may also include foyers, gas ranges, oversized kitchen islands, walk-in spa showers, and in-home full-size washer and dryers to provide A-class living.

Valentina’s thoughtful community amenities include a resort-style pool overlooking the bay with a pool house and cabana for socializing and community events, an on-site gym with separate yoga studio and plotted group fitness classes, a resident parlor and salon, serving as hubs for residents and their neighbors, and both a bay and sky terrace with sweeping water views. Bike and surfboard storage provide a secure space for residents’ outdoor toys.

Valentina by Alta joins a list of five properties managed or development by Wood Partners in California and is the second community in San Diego.

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