Bolton North

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Overview


 

Built in 1975, Bolton North is a 209‐unit affordable senior housing hi‐rise located in Baltimore City’s historic and thriving Bolton Hill neighborhood. Through an Affordable Housing Preservation Fund by PNC Bank, Urban Atlantic and its partner NHP acquired the property in 2013. In 2017, they refinanced it using Low Income Housing Tax Credits in order to preserve long term affordability and implement $7 Million in capital improvements.

 

 

Location

Baltimore, MD

 

Size

209 Units

 

JV Partner

NHP

Year Completed

2013

 

Project Type

Affordable Renovation

 

Capitol Park Tower

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Overview


 

Located in D.C.'s Southwest Riverfront District, Capitol Park Towers II is a Class A, transit-oriented residential apartment development ideally located within walking distance of cultural amenities like Arena Stage, the Nationals Park Baseball Stadium, and The Wharf. The development’s location is perfect for the urban lifestyle; it has easy access to the entire metropolitan area. The Waterfront Metro Station and the L’Enfant Plaza Metro station are both only a few blocks away. With modern amenities and easy accessibility, Capitol Park Towers II is a residential destination.

 

 

Location

Washington, D.C.

 

EB-5 Raise

$29.5 Million

 

Sponsor Developer

Perseus Realty

Year Completed

In Progress

 

Project Type

TOD Multi-Family

 

Size

320 Units

 

 

Howard Theatre

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Overview


 

Built in 1910, the Howard Theatre is the oldest major African American Theatre in the United States. Together with Howard Theatre Restoration, Inc., Urban Atlantic leveraged NMTCs to fund the $26 million historic restoration of the theatre. This included the full restoration of the façade to its 1910 appearance, excavation of a fully functional basement and construction of a three-story addition on the rear of the building. The Howard Theatre restoration acted as a catalyst for additional development in the neighborhood. Urban Atlantic's $5 Million Allocation leveraged over $27 Million in project costs.

 

 

Location

Washington, D.C.

 

Sponsor Developer

Howard Theatre Restoration, Inc.

 

Public Partner

District of Columbia

 

UA NMTC Allocation

$5 Million

Closing Year

2011

 

Project Type

Historic Renovation

 

Size

22.4K SF

 

 

Progression Place

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Overview


 

Progression Place is a mixed-use, transit-oriented development in D.C.'s Howard/Shaw neighborhood. Built atop the Howard/Shaw Metro Station, this development was ideally located to create a diverse, mixed-income community. The development includes 98,000 SF of office space for the United Negro College Fund, 20,000 SF of retail, 205 apartments (20% affordable), and 185 below-grade parking spaces. Urban Atlantic's $5 Million Allocation leveraged over $155 Million in project costs.

 

 

Location

Washington, D.C.

 

Sponsor Developer

CRM Development Corporation

 

Public Partner

District of Columbia

 

UA NMTC Allocation

$5MM

Closing Year

2011

 

Project Type

TOD

 

Size

205 Units
98,000 SF Office
20,000 SF Retail

 

Clipper Mill

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Overview


 

Located in Batlimore's Woodberry neighborhood, Clipper Mill redeveloped an 1853 mill complex into a contemporary, mixed-use community. The project incorporated five historic buildings along with new construction components to create 61,500 SF of office space, 47,500 SF of studio space, 34 townhomes, 38 semi-detatched homes, 62 condos, and 36 rental units. The project transformed a deteriorating mill site into a thriving community.

 

 

Location

Baltimore, MD

 

Sponsor Developer

Self-Help Ventures

 

Acerage

45

 

Size

260,000 SF

Closing Year

2006

 

Project Type

Mixed-Use,
Adaptive Reuse

 

 

Myriant Corp.

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Overview


 

The Myriant Corporation developed a green alternative to petroleum that it uses in the production of inks, coatings, Spandex, and plastics. This NMTC investment helped bridge the financing gap for the construction of Myriad's manufacturing plant, which helped bring a sustainable product to market while simultaneously bringing jobs to a severely economically distressed community. Urban Atlantic's $12.7 Million Allocation leveraged over $148 Million in project costs

 

 

Location

Lake Providence, LA

 

sponsor Partner

Myriant Corporation

 

Size

260,000 SF

CLOSING YEAR

2012

 

UA NMTC ALLOCATION

$5 Million

 

Project Type

Manufacturing Plant,
Business

 

 

Legacy at Lincoln Park

 

Overview


 

Legacy at Lincoln Park is a national model for public-private revitalization utilizing no public funding for development costs. This innovative development replaced an obsolete public housing community with 60 townhomes and detatched single family homes. Urban Atlantic worked with Rockville Housing Enterprises on an innovative mortgage program that allowed households from a wide range of incomes to purchase within the new community.

 

 

Location

Rockville, MD

 

Public Partner

Rockville Housing Enterprises

 

Size

60 Units

Year Completed

2007

 

Acreage

5

 

Project Type

For-Sale New Construction

 

 

Woods at Addison

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Overview


 

Built in the 1980’s, Woods at Addison was acquired in 2013 by Urban Atlantic and its non profit partner NHP through an Affordable Preservation Fund by PNC Bank. Following capital improvements, Urban and NHP sold the property to a joint-venture between Urban Atlantic and Federal Capital Partners that allows continued capital improvements and the preservation of the properties as affordable to moderate-income households

 

 

Location

Capitol Heights, MD

 

Size

225 Units

Year Completed

2014

 

Project Type

Affordable Renovation

 

 

Parkside at Alexandria

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Overview


 

Originally developed as a rental townhome and garden apartment community, Parkside at Alexandria was acquired by Urban Atlantic in 2004. Urban converted the community into condominiums through a development that featured $53,000/unit in renovations including upgrades to kitchens, bathrooms, flooring, and HVAC systems. Parkside at Alexandria was a prime candidate for conversion due to its location, affordability for first time homebuyers, and majority townhome configuration. It became home to many "hometown heroes" including local police, firefighters, teachers and nurses.

 

 

Location

Alexandria, VA

 

Size

370 Units

Year Completed

2009

 

Project Type

For-Sale Condo Renovation

 

 

The Aspen

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Overview


 

Located in Washington, D.C.'s Mount Vernon Triangle, The Aspen is a Class A apartment building in a thriving “live-work-play”community. With expansive windows, rich masonry, and balanced façade, the Aspen offers residents a modern yet timeless appeal in an ideal location.

 

 

Location

Washington, D.C.

 

EB-5 Raise

$9.0 Million

 

Sponsor Developer

A&W 4th Street, LLC,
Blue Sky Housing, &
Paramount Development

 

Year Completed

2017

 

Project Type

TOD Multifamily

 

Size

124 Units
6,810 SF Retail

 

 

 

Newark Farmers Market

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Overview


 

The Newark Farmers Market is warehouse and distribution center used for the processing and packaging of fresh produce. The NMTC investment was in New Farmers Market Energy, a green company that leased space from the Newark Farmers Market for solar panels and hydrogen fueling. This NMTC investment--along with other funding sources--enabled the construction of this solar panel and hydrogen facility, and brought approximately 50 jobs to the area. Urban Atlantic's $10 Million Allocation leveraged over $65 Million in project costs.

 

 

Location

Newark, NJ

 

Sponsor Developer

Newark Farmers Market Energy

 

 

UA NMTC Allocation

$10 Million

Closing Year

2012

 

Project Type

Food Distribution Center

 

 

Size

181,000 SF

 

 

Alpert Medical Center at Brown

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Overview


 

The Alpert Medical Center is a revitalization gem in Providence's Jewelry District. In the 19th Century, the area was home to a large number of jewelry manufacturing companies. However, in the 1970’s a new highway was constructed that separated the Jewelry District from the rest of downtown and the area fell into disrepair. After the highway was rerouted in the late 2000s, the area was ripe for redevelopment. The Alpert Medical Center, which houses Brown University's Alpert Medical School, was the first lynchpin in that revitalization effort. Urban Atlantic's $10 Million Allocation leveraged over $72 Million in project costs.

 

 

Location

Providence, RI

 

Sponsor Developer

Brown University

 

Public Partner

City of Providence

 

Size

260,000 SF

Closing Year

2010

 

Project Type

Medical

 

UA NMTC Allocation

$5 Million

 

 

Holly Spring Meadows

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Overview


 

Built in the 1980’s, Holly Spring Meadows was acquired in 2013 by Urban Atlantic and its non profit partner NHP through an Affordable Preservation Fund by PNC Bank. Following capital improvements, Urban and NHP sold the property to a joint-venture between Urban Atlantic and Federal Capital Partners that allows continued capital improvements and the preservation of the properties as affordable to moderate-income households

 

 

Location

Forestville, MD

 

Size

224 Units

Year Completed

2014

 

Project Type

Affordable Renovation

 

 

Bolton House

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Overview


 

Urban Atlantic acquired Bolton House in 2006, preserving it as affordable housing and implemeting substantial renovations through a nationally recognized innovative financing structure. Further, the renovation strategy did not require the displacement of any residents.

 

 

Location

Baltimore, MD

 

Size

260 Units

Year Completed

2000

 

Project Type

Affordable Renovation

 

Chatham Square

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Overview


 

Chatham Square is a mixed-income development in Alexandria. Urban Atlantic developed 52 affordable rental townhomes blended seamlessly throughout a larger market-rate, luxury for-sale townhome community developed by EYA. The project's architecture reflects its Old Town context, and a central common green is an amenity enjoyed by all residents.

 

 

Location

Alexandria, VA

 

Public Partner

Alexandria Redevelopment and Housing Authority

 

Size

52 Units

Year Completed

2005

 

Project Type

Mixed-Income

 

 

 

SkyHouse

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Overview


 

SkyHouse DC is an innovative adaptive reuse project that transformed two vacant office buildings - former 13-story EPA headquarters built in the 1970's in the Brutalist architecture style - into 530 Class A apartments. SkyHouse created the first residential units within the Waterfront Station redevelopment in Southwest Washington.

 

 

Location

Washington, D.C.

 

JV Partner

JBG Companies Fund

 

Public Partner

District of Columbia

Year Completed

2015

 

Project Type

Adaptive Reuse

 

Size

530 Units

 

 

Rhode Island Row

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Overview


 

Developed on a former commuter parking lot, Rhode Island Row was the lynchpin in the revitalization of the entire Rhode Island Avenue NE corridor. The project transformed an underutilized parcel into a lively, 24-hour mixed-use community with 274 Class A apartments above 70,000 SF of entertainment and retail space right on a Red Line Metro Station.

 

 

Location

Washington, D.C.

 

JV Partner

A&R Development Corp.

 

Public Partner

WMATA

 

Size

274 Units
70,000 SF Retail

Year Completed

2012

 

Acreage

8.5 Acres

 

Project Type

Mixed-Use TOD

 

 

Henson Ridge

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Overview


 

Henson Ridge transformed 650 obsolete public housing units into a new, mixed-income community that includes 320 for-sale and 280 rental units in a mix of market-rate, moderate, and affordable units.

 

 

Location

Washington, D.C.

 

JV Partner

The Integral Group

The Henson Group

 

Public Partner

District of Columbia Housing Authority

 

Size

600 Units

Year Completed

2008

 

Acreage

60

 

Project Type

Mixed-Income

 

 

College Park

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Overview


 

College Park brought new life to a former public housing community immediately adjacent to Memphis's LeMoyne Owen College. The new community features 411 mixed-income residential units including rental, for-sale and seniors, as well as a 40,000 SF community building that houses community services, youth recreational facilities, the Memphis Police Department, and a community bank branch. It paved the way for an additional 400 units developed directly by MHA in a second development phase.

 

 

Location

Memphis, TN

 

JV Partner

The Integral Group

 

Public Partner

Memphis Housing Authority

 

Size

411 Units
40,000 SF Commercial

Year Completed

2001

 

Acreage

24

 

Project Type

Mixed-Income