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D.C.’s NoMa Property Ready For Development

D.C. is ready to redevelop a property in the 1100 block of North Capitol Street near NoMa into a business, retail and housing complex, according to a recent Washington Post article.

The building, which once housing Temple Courts housing project, was razed in 2008 after city officials moved tenants out, saying new housing would be available by the end of this year. But those plans were stalled.

This month, while behind schedule, D.C.’s housing agency began soliciting bids from developers for the project to help some of the former residents return and offer new housing to new residents. Temple Courts was a low-income property with 211 units.

Development is hot in this NoMa area. But of the roughly 1,700 units in this neighborhood, city officials have required one-third are intended for low-income residents, according to the Post. Another one-third is reserved for working-class people earning less than 60% of the median income.

The D.C. housing agency wants the new project, which does not call for stringent affordability standards, to include some space for the agency’s offices.

Other residential projects and developments in NoMa include several apartment properties:  Trilogy NoMa at 151 Q Street, Loree Grand at Union Place near 250 K Street NE, Flats 130 at Constitution Square and Senate Towers near Union Station. Also, Archstone First & M began leasing last summer with more than 200 people having moved into the luxury residential building.

Among condominiums, the Landmark Lofts offer 44 luxury condominium units on H Street.

For More Information:

Rock Creek Realty: http://www.rcrdc.com/

Washington Post on Housing Affordability: http://articles.washingtonpost.com/2013-08-08/local/41199693_1_housing-agency-affordability-housing-project

NoMa: http://www.nomabid.org/

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