on Tuesday, January 29th, 2013 at 9:16am.
Park Morton development in Columbia Heights, per the Park Morton Redevelopment Initiative Plan approved in 2008, includes projects from developers Park Morton Development Partners, Landex Development and the Warrenton Group.
The $170 million Park Morton development in Columbia Heights project, which first broke ground in 2010, includes more than 500 residential units, 40,000-square-feet of retail, a 10,000-square-foot park and a 4,000-square-foot community center, according to the D.C. Planning and Economic Development Department. More than 200 of the residential units in Park Morton development in Columbia Heights are affordable housing, as one of the primary goals of the initiative is to beef up D.C.’s affordable housing stock through integrating those homes into the community to create a mixed-income community.
The Park Morton development in Columbia Heights is located on 3100 to 3500 blocks of Georgia Avenue NW near Park Road. Phase 1 construction was complete in April 2012 and Phase 2 groundbreaking began in June 2012. The Avenue at Park Morton, a 7-story, 83-unit apartment building, was complete last summer and is now fully rented out.
Columbia Heights, anchored by Tivoli Square and D.C. USA Shopping Complex and served by the Columbia Heights Metro Station, exemplifies the District’s citywide urban revitalization efforts. The Columbia Heights community is perched between downtown D.C., just above Adams Morgan, and Rock Creek Park. Homes on the market here include $215K, 600-square-foot 1BR condo on Spring Road and a $274K, 2BR, 629-square-foot condo on Fairmont Street.
Closer to the Park Morton development in Columbia Heights, on the community’s east side, include a $166K, 400-square-foot studio on Park Road and a $239K, 1BR, 678-square-foot condo on Newton Street.
In all, Park Morton development in Columbia Heights, replaces eight three-story buildings in those five blocks with a 500-unit housing complex. As a public housing project, a variety of public and private sources, including D.C. Housing Finance Agency bond financing, contributed to funding the Park Morton development in Columbia Heights.